US company to invest $10b in PM's housing scheme

ISLAMABAD (PPI) - The Ministry of Housing & Works and the International Oil Company of USA Tuesday signed a Memorandum of Understanding (MoU) to invest $10 billion in Prime Minister’s housing scheme.

Secretary Housing & Works, Sami-ul-Haq Khilji and Country President of IOC of USA, Fazal-e-Rahim signed the Memorandum of Understanding (MoU) on behalf of Government of Pakistan and his company respectively.

Federal Minister for Housing & Works Rehmatullah Kakar was also present at the signing ceremony.