Press Releases

Radio Pakistan – Government to construct 5 million housing units in next five years: PM

Prime Minister Imran Khan says the government will construct five million housing units in the next five years to cater the housing needs of low income and salaried class. He said that signing of MoU with UNOPS will not only provide financial assistance but it will bring expertise to Pakistan…

Pakistan Today – Government will construct 5m houses in five years: Imran Khan

Memorandum of Understanding between Pakistan and United Nations Office for Project Services (UNOPS) and Sustainable Housing Solutions for financial assistance in Naya Pakistan Housing Programme in Islamabad. He said that there is a shortage of 12.5 million housing units in the country…

New groundbreaking deal to deliver half a million homes in Pakistan

A new agreement between the government of Pakistan, SHS and UNOPS

Agreement is part of Prime Minister Imran Khan’s National Housing Strategy to build at least five million housing units in the country.

A new agreement between the government of Pakistan, SHS Holdings and UNOPS will see at least 500,000 new affordable homes built in Pakistan over the next 10 years. The agreement is the latest in UNOPS Social Impact Investment Initiative (S3I), which will also see similar projects delivered in Ghana, Kenya, the Caribbean and India.

“This groundbreaking housing initiative is not just a regular project but a massive undertaking that has my full support and will undoubtedly change for the better the lives of millions of people,”

Imran Khan – Pakistan’s Prime Minister

All new affordable homes built will include some of the latest renewable energy and disease preventative technology, including solar panel roofs, waste-to-energy technology and mosquito-repelling coatings.

SHS is truly excited to be associated with this far-reaching initiative. We will spare no effort to deliver for the people of Pakistan and surpass their expectations and honour their right to have a safe roof over their heads and own a piece of their land.”

Noel Lyons – SHS, CEO

As part of the agreement, the government will provide land and basic infrastructure including sewage, electricity and water connections. UNOPS and SHS will establish a framework to manage financial aspects, and ensure project activities are timely, efficient and maintain relevant quality standards. SHS will supply proprietary state-of-the art technology as well as oversee the development of housing. In order to enable implementation, the Government enacted new law that allows for the creation of the mortgage finance solutions and the foreclosure procedures.

“This agreement will spur the development of Pakistan with as many as 78 industries benefitting directly or indirectly. The people, especially the poor, will have first in their lifetime opportunity to own a home. The social impact of this program will be enormously positive,”

Dr. Imran Zaib – Pakistan’s Secretary of Housing

We are delighted to support Pakistan’s aspirations to build more affordable homes through our S3I initiative. Delivering half a million homes anywhere is a colossal task, but I am certain that through this new agreement, we will help deliver for the people of Pakistan,”

Vitaly Vanshelboim – on behalf of UNOPS

Construction dates will be set once a feasibility study has been completed jointly with the Government of Pakistan.