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Housing Cooperatives are intended to provide better and cheaper houses especially to the low and middle income groups who, otherwise, cannot afford to own houses through individual efforts. These cooperatives are also supposed to assure their members substantial savings in housing cost through group actions. The Housing Cooperatives have a great potential in meeting the housing needs of the growing population and in generating economic activity in the country. They are functioning on the cooperatives principles of self-help, self-finance, mutual aid and self-governance. Revenue Generation Government revenue is generated through: Capital Value Tax (CVT)(2%) Stamp Duty (2%) Property Tax More than one Billion Rs. per annum from Cooperative Housing Societies e.g. PECHS (Valencia / Izmir) paid Rs. 90 Million app. in 2010-11 Cooperative Housing Societies in Punjab Functional 187 Non Functional 32 Under Liquidation 17 Total 236

Prominent Cooperative Housing Societies in Lahore The Cooperative Model Town Society The Pakistan Expatriates Cooperative Housing Society (Valencia & Izmir) WAPDA Employees Cooperative Housing Society Punjab Government Employees Cooperative Housing Society The Engineers Cooperative Housing Society (TECH) NFC Employees Cooperative Housing Society NFC Cooperative Housing Society PCSIR Employees Cooperative Housing Society Sui Northern Officers Cooperative Housing Society NESPAK Employees Cooperative Housing Society State Life Insurance Employees Cooperative Housing Society The Pakistan Technocrats Cooperative Housing Society P S I C Employees Cooperative Housing Society The Greater Lahore Cooperative Housing Society NBP Officers Cooperative Housing Society Prominent Cooperative Housing Societies in Rawalpindi Airport Employees Cooperative Housing Society Abad Cooperative Housing Society PWD Cooperative Housing Society Health Employees Cooperative Housing Society POF Employees Cooperative Housing Society Murree Hills Cooperative Housing Society Prominent Cooperative Housing Societies in Bahawalpur Government Employees Cooperative Housing Society Abbasia Cooperative Housing Society Islamia University Employees Cooperative Housing Society Prominent Cooperative Housing Societies in Faisalabad Telecom Engineering Cooperative Housing Society FSD Employees Cooperative Housing Society Government Employees Cooperative Housing Society Prominent Cooperative Housing Societies in Multan MDA Officers Cooperative Housing Society WAPDA Employees Cooperative Housing Society Small Industries Cooperative Housing Society Agrics Cooperative Housing Society Prominent Cooperative Housing Societies in Gujranwala WAPDA Employees Cooperative Housing Society Irrigation Employees Cooperative Housing Society Provincial Employees Cooperative Housing Society Comparative Table Lahore District Description Cooperative Housing Societies Lahore Development Authority (LDA) Housing and Urban Development Department Private Housing Schemes Lahore Improvement Trust (LIT) Plots 106809 103000 4705 138503 8425 Total: 361442 Percentage 29.5 28.5 1.3 38.3 2.4 100%

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1/22/2014

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