In his remarks
after detailed presentations by TOKI, Minister Tanveer Malik described Turkey
as a good example to emulate in terms of provision of low-cost housing in
Pakistan. He appreciated the progress made by TOKI over the past several years
in provision of housing to deserving households. He particularly mentioned
urban regeneration and transformation projects under which shanty houses and
slums were transformed into model housing projects, which ensured better living
conditions and also eliminated the risks posed by natural disasters.
Minister Malik
noted the shortage of housing units in Pakistan and highlighted vast
opportunities for the private construction sector of Pakistan as well as
foreign investors to tap into this market. He hoped that the shortage would be
overcome to a good extent through the completion of 50,000 housing units with
the technical help of TOKI.
Briefing the
Pakistan delegation, TOKI President explained the financial, technical,
managerial and business models that his organization followed under which
nearly 700,000 housing units were
provided to deserving families over the last 12 years. He informed that TOKI
and partner private sector companies had the capacity to add 60,000 housing
units annually. Mr. Turan suggested that the use of tunnel-formwork technology
was the best response to construct houses at a fast pace and at a low cost.
The Punjab
delegation’s visit is aimed at learning from Turkish experience in provision of
low-cost housing. It is in follow-up of the recent agreement reached between
the Government of Punjab and TOKI under which TOKI will provide technical
consultancy support to the Punjab Government in its endeavours to provide
50,000 housing units.
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