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Naya Pakistan Housing & Development Authority | |
Formation | 15 January 2020 |
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Key people | Lieutenant General Anwar Ali Hyder, HI(M) (Retd) |
Website | https://naphda.gov.pk/ |
Naya Pakistan Housing & Development Authority (NAPHDA) is the national construction organization of the Government of Pakistan. [1] [2] NAPHDA is responsible for real estate projects' planning, development, construction and management. [3]
According to the State Bank of Pakistan, as of 2015 there is a shortfall of approximately 4.4 million housing units in major cities, highlighting a substantial mismatch between demand and supply in urban housing. If present patterns persist, it is projected that by 2035, the five largest cities in Pakistan will be responsible for 78 percent of the overall housing deficit. [4] In 2020 the State Bank estimated the total housing deficit to be 10.3 million units, with a revised deficit of 3.4 million units in urban areas. [5]
Lieutenant General Anwar Ali Hyder, HI(M) (Retd.) is the chairman of NAPHDA. [6] [2]
The Naya Pakistan Housing & Development Authority was established on 15 January 2020. [6] [2] The Senate of Pakistan passed Naya Pakistan Housing and Development Authority Bill in 2019. [7]
The Naya Pakistan Housing Authority has been provided a subsidy of 30,000,000,000 Pakistani rupees. [8]
As of 2021, 1,820 applications out of over 8,000 received applications have been approved with an amount of PRs. 5,000,000,000. [9]
The economy of Pakistan is categorized as a developing economy. It ranks as the 24th-largest based on GDP using purchasing power parity (PPP) and the 46th largest in terms of nominal GDP. With a population of 241.5 million people as of 2023, Pakistan’s position at per capita income ranks 161st by GDP (nominal) and 138th by GDP (PPP) according to the International Monetary Fund (IMF).
Public housing in Hong Kong is a set of mass housing programmes through which the Government of Hong Kong provides affordable housing for lower-income residents. It is a major component of housing in Hong Kong, with nearly half of the population now residing in some form of public housing. The public housing policy dates to 1954, after a fire in Shek Kip Mei destroyed thousands of shanty homes and prompted the government to begin constructing homes for the poor.
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