ISLAMABAD: The National Assembly Standing Committee on Housing and Works Thursday recommended to pass “The Federal Government Employees Housing Authority Bill, 2019.”
During the meeting held under the chairmanship of Engineer Muhammad Najeeb Haroon, MNA, the committee was informed that the Federal Government Employees Housing Foundation (FGEHF) was mandated to arrange affordable residential accommodation to the employees of the federal government and other specified groups on the basis of no profit no loss. Its jurisdiction extends to the whole of Pakistan.
The foundation was not a regulatory body and it had to go through a lengthy process of seeking permissions and NOCs from different authorities for launching its projects, the committee was informed.
The maintenance of existing schemes was not possible until the foundation was not given the status of an authority.
The ministry also requested the committee to pass the said bill.
The committee, therefore, recommended that the National Assembly may pass the said bill.
Regarding “The Recovery of Mortgage-backed Security Bill, 2019”, the committee was informed by the ministry that since “The Naya Pakistan Housing and Development Authority” was running its business under the direct command of the prime minister, thus, the said bill should be considered by the Standing Committee on Cabinet Secretariat.
The committee decided to refer the said Bill to the Standing Committee on Cabinet Secretariat for consideration and report to the National Assembly.