Prime Minister Imran Khan’s friend and British-Pakistani businessman Aneel Musarrat on Sunday said that the Khan will give details of the five million housing project next week, with the corresponding legal framework around the housing projects, a private media outlet reported.
Giving an interview to a private media outlet, Aneel Musarrat opined that the prime minister’s task force on housing has been working hard to take the project to the announcement level and the PM will be making the announcement himself.
“We will take overseas housing expertise to Pakistan to help Imran Khan’s election manifesto in which he promised to build 5 million homes. We will help execute his vision into a reality by building 5 million homes. Pakistan will benefit immensely from this project, it will end joblessness and will create at least 600,000 jobs besides reinvigorating the industry. More than 200 components will be needed to build each house which includes cement, nails, iron, sand, stones, wood and so much more and all of this will be produced in Pakistan. This project will help open the closed industries. The whole sector will see new life infused into it,” said the businessman, who has been dealing in the housing sector from the age of 18 when he left school in Manchester to start his own business.
When asked about some of the criticism directed his way, Aneel Musarrat said he has relevant experience in delivering mega projects. “I have done £5 billion banking transaction in the real estate sector and Britain and Europe and all of this are documented. I have done housing for students, retail parks, hotels, business centres. Currently, I am working on building 9,000 houses with the cost of £2 billion; on an average, I deliver 15,000 homes in the UK every year. We do business in the commercial sector in Europe and UK and Alhamdullilah we have made our name through delivery.”
Aneel Musarrat said he told Imran Khan that for his housing project to succeed, it’s important that new laws and regulations are introduced to reform the sectors surrounding housing, mortgages and lending.
He said that Pakistan needs massive investment to make affordable homes for young people so they could start owning houses at an early age, like in the West, and not when they are old.
