MOU Signed Between LDA and Bank of Punjab to Construct 4000 Apartments in Lahore for Home Less People under PM's NAYA PAKISTAN APARTMENT SCHEME

 A Good News for homeless people in Lahore Punjab,  Chief Minister of Punjab  Sardar Usman Buzdar Chair a ceremony in Which  a MOU signed between Lahore Development Authority and Bank of Punjab  in  Chief Minister Punjab Office to construct a 4000 Apartments under New Pakistan Apartments Schemes in Lahore. 

CM Punjab on these occasion stated today the vision of Prime Minister of Pakistan providing shelter to the homeless has been put into the practice. This is first time in Pakistan, Both  Government Department and National Bank are  working with mutual understanding to provide the homes to common People.This MOU will be consider First Step to Introduce a new culture in Pakistan to provide Homes to Common people. 

Director General  Ahmad Aziz Tarar on behalf of  LDA and President Bank of Punjab Zaffar Masood singed the MOU. 

LDA will insure transparency in this process and look after these apartments.

Government of Punjab allocated 10 billion for this project, One Apartment cost is  2.7 Million. Apartment booking will be on 10% down payment.

Buyers of apartment will be facilitated under PM NAYA PAKISTAN  Housing Authority with 0.3 million subsidy and loan will be given under Islamic Banking (Takafal) on easy installments. 

On these occasion CM Punjab Usman Buzdar  appreciate the Vice Chairman LDA S.M.Imran who plays vital role to minimize apartment cost. In Staring estimated cost of apartment was 4.5 millions and now Government of Punjab will construct a apartment in just 2.7 millions for low income families to put practical the Vision of PM Imran Khan.

For this Purpose Mortgage Financing facility established by connecting 7 Banks including  Bank of Punjab, Habib Bank, Faisal Bank, UBL Bank, Bank Al Falah , National Bank and Mezan Bank.These Banks Provide loan for 5 to 10 and till 20 Years installments.

CM Also told on these moments a directorate has been eastablished  to complete work fast and in time limits.125 Block will be construct consist on 4 floor apartments. One Block will be consist on 32 Family Units.In these apartments 60% land cover Roads, Green belts Parks and Foot paths. Every Apartment area will be 650 feet and consist of 2 bedrooms with one bath attached and second detached. These apartment will be handed over to owner in record time line one and a half year.Bank of Punjab will take applications and also issue letter of comfort after Lucky Draw. 

Bank of punjab Provide Loan Under Islamic Mortgage Financing.The loan of this scheme could be never use for other purpose.These Apartments will be construct on 800 Kanal land with cost of 10 billions. According to MOU Bank of Punjab will provide the financial Assistance.

Lahore Arts Council (Vocal Performance) in Alhamra

 Vocal performance by Khadim Hussain Warsi in Warish Shah Memories 

An Introduction of Vocational Training Center Jhang (Destructive Industry)

Government Vocational Center Jhang was established in 1950 to fulfill needs of  new established country "Pakistan".

After the partition of subcontinent Pakistan was facing a lot of problems, one of them was lack of textile and Woolen industry to fulfill the needs of Public, Pakistan Army (Overcoat), and Hospitals (blanket) and Technical Institution to train the skillful worker class for industry. 

Just  few textile  industries (Sargodha Textile, Colony Textile in Multan, Volica Textile in Karachi and Koh e Noor Textile in Faislabad) came into the part of Pakistan were not sufficient to fulfill needs of Pakistan.  There was  no single technical institution for training of worker force for industry. 

In 1950 Government of Pakistan take steps to establish industry in Pakistan and established weaving factory and Technical Education Institution located at Shahdra, Lahore Provincial capital city of Punjab. In this institution government of Pakistan start production of cotton as well as Technical Education Program of two years diploma after Matric. 

Under this Institution Government of Pakistan also established a Woolen Vocational and Technical Education institute in District Jhang. Because a skillful work force of Indian woolen industry of Panipat migrated to District Jhang. Woolen center in Panipat, India  was under control of United Kingdom to prepare overcoat and blanket for Allies group of World War 2  (Britain, France, Australia, United State) . Panipat was famous for woolen industry and called "City of Weavers" and City of Textile, small industries was also established in every house of paanipat because the demand of wool industry was increasing day by day. 

After the Partition it was need of time to establish a Industrial institute to fulfill need of public and also demand of Blanket for Hospitals and overcoat and blanket for Pakistan Army. Under the supervision of Chaudhary Ahmad Deen Gujar established Vocational Center for production of  wool products and Technical Education.

Chaudhary Ahmad Deen was the Employee of Woolen center Panipat, India with designation of "Weaving Supervisor" take responsibility of Assistant Development Officer Woolen and Vocational training institute of Jhang.