ISLAMABAD (APP) - Federal Minister for Housing and Works Rehmatullah Kakar said a "Land Bank" was being established to acquire required land for smooth launching of residential colonies in various parts of the country. This land bank will ensure provision of required land for constructing housing colonies under the PM's scheme across the country," the minister said while addressing journalists in a ceremony held in connection with balloting of C and D type flats here. He said that PPP-led government is committed for well-being of the common man and improving their standard of living, and it is not ignorant of masses problems. The govt is giving top priority to provide quality accommodation at cheaper rates, he added. Pakistan Housing Authority (PHA) held a computerized balloting to select 304 candidates out of more than 1,000 aspirants of acquiring C and D type flats under the prime minister's countrywide housing scheme. These C and D types flats are allocated for general public. Federal Minister for Housing and Works Rehmatullah Kakar, who was the chief guest on the occasion, pressed the button to start the computerized draw for the two categories. Rehmatullah Kakar said construction work on 208 flats of C category and 96 units of D category located in Sectors G-10/2 and G-11/3 of the capital was in full swing. "Receiving more than three times higher applications for 304 flats in reflective of the peoples confidence into the government policies. Therefore, computerized draw is being held to ensure transparency in the entire process," he added. He said that ministry of Housing and Works was fully complying with the directives of the government aimed at making the countrywide housing scheme and success story. To a question, the minister said a subsidy of Rs 500,000 to 700,000 would be given to government employees for B and E type flats.