Pakistan’s Housing Revolution: New National Housing Policy 2025 on the Horizon
After two decades, Pakistan’s government is all set to transform its National Housing Policy. The Ministry of Housing and Construction has decided to draft a new policy National Housing Policy 2025, updating the existing one from 2001, to address the country’s pressing housing challenges.
The Need for Change
Pakistan is facing a severe housing crisis, especially in urban areas. The 2022 floods in Baluchistan damaged over 192,000 homes, highlighting the urgency for sustainable development in the housing sector. The current policy has been in place for 23 years, and it’s time for a revamp.
Key Objectives of the New Policy
- Alleviate Housing Shortage: Address the shortage of affordable housing options across cities.
- Tackle Informal Settlements: Resolve the issue of informal settlements, which account for 47% of housing situations in Pakistan.
- Stimulate Growth: Boost the housing sector to generate employment opportunities and contribute to Pakistan’s economic development.
Collaboration with World Bank and UN
The Ministry of Housing has reached out to the World Bank and the United Nations for assistance in formulating the new policy. The World Bank has expressed willingness to collaborate.
A Brighter Future for Pakistan’s Housing Sector
The new National Housing Policy 2025 promises to bring sustainable development and growth to Pakistan’s housing sector. With the government’s commitment and international collaboration, Pakistanis can look forward to affordable housing options and a better quality of life.
