The construction project in Punjab, KP helped generate Rs1100 billion | Instant News


| Principal Secretary notifies PM of applications for approval of projects over 50 million square feet received. | Imran Khan says growth in construction activities to strengthen economy | The Ravi City project, Bundle Island has a positive impact on the economy

MAQBOOL MALIK

ISLAMABAD

Prime Minister Imran Khan was informed on Friday that the Punjab government and the KPK had received applications for approval of a construction project over 50 million square feet which would generate economic activity of around Rs 1100 billion.

During the weekly meeting of the National Coordinating Committee for Housing, Construction and Development, the chief secretary of Punjab said that from across the province, they had received applications for construction projects of more than 44 million square feet for which approval for 20 million square feet had been granted.

Special assistants to Prime Minister Malik Amin Aslam and Shahbaz Gill, advisers to Dr Ishrat Hussain, federal and provincial secretaries as well as senior officials attended the meeting, said the PM’s Office press release.

The Chief Secretary of Punjab said at the meeting that with the increase in construction activity, consumption of all related materials such as cement, brick and steel has also increased. After development in an area of ​​44 million square feet, economic activity worth Rs 1 trillion (Rs 1000 billion) would be generated, he added.

Likewise, Chief Secretary Khyber Pakhtunkhwa said they had received a request for a construction project over an area of ​​six million square feet which would generate economic activity of around Rs 100 billion.

The Prime Minister assessed that the acceleration of construction activities will improve the national economy in addition to providing jobs to the community.

He also directed the Punjab government to approve applications that were accepted without delay, following the prescribed rules. In addition, stressing awareness of the Pakistan Naya Housing Scheme, the prime minister instructed Pakistan Telecommunication and NEPRA to coordinate with the State Bank of Pakistan to resolve problems facing the construction industry.

State Bank Governor Raza Baqir said at the meeting that the bank fully facilitates the loan process for housing construction under the Pakistan Naya Housing Scheme. Additionally, dedicated desks have been set up at about half the bank branches in every district across the country. Bank Al Habib representatives informed at the meeting that so far they had approved a loan worth Rs 6 billion for the construction industry.

On this occasion, Prime Minister Imran Khan said that the growth in construction activities will strengthen the Pakistani economy and provide job opportunities for the community. The Prime Minister directed the Punjab government to approve construction applications under the applicable law as quickly as possible.

He also directed the Pakistan National Electric Power and Telecommunications Regulatory Authority to work with the State Bank of Pakistan to resolve issues related to the construction sector as early as possible. The Prime Minister emphasized public awareness of the Pakistan Naya Housing Scheme.

The coastline is suitable for urban construction

Prime Minister Imran Khan also said that Pakistan’s coastline is suitable for international standard urban development and tourism and has the capacity to create huge opportunities for foreign investment.

He chaired a meeting of the Pakistan Island Development Authority and Ravi Urban Development Authority working groups in Islamabad on Friday. The prime minister said the Ravi City Project would not only help reduce population pressure in big cities like Lahore, but also introduce a new dimension of urban planning.

He said major projects would have a positive impact on the country’s economy and the lives of the general public.

He said these projects would help develop local industries and create new jobs in the country.

The Prime Minister was briefed that Ravi City and the urban centers on the islands would be built according to the green city principle for the first time in Pakistan’s history.

Every possible facility for industry

Prime Minister Imran Khan said that providing every possible facility for the industry was one of the government’s top priorities for stabilizing the country’s economy. Speaking with Energy Division Minister Omar Ayub Khan in Islamabad on Friday, he expressed satisfaction with the attitude of the business community in welcoming the government’s decision to provide electricity at subsidized rates. The Minister of the Energy Division briefed the Prime Minister on matters relating to the industrial, energy and petroleum package. He said the government’s decision to provide electricity at subsidized rates had yielded positive results.

Pakistan’s commitment to Afghanistan peace

Earlier, Prime Minister Imran Khan said that his inaugural visit to Kabul on Thursday was “another step to convey Pakistan’s commitment to peace in Afghanistan.”

On Twitter, the prime minister said he never believed in a military solution, but had always believed that peace in Afghanistan would be achieved through political dialogue. “After Afghanistan, we have the biggest share in this peace because it will enable connectivity & trade, bring prosperity to the people of Afghanistan & Pakistan,” he added.

The prime minister said Pakistanis living in the tribal areas, which have suffered the ravages of the war in Afghanistan, would benefit from peace and trade.

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The Ravi City project, Bundle Island has a positive impact on the economy

Prime Minister Imran Khan on Friday said major urban development projects in Ravi City, Lahore and the Bundle Island, Karachi would have a positive impact on the country’s economy and the lives of ordinary people.

The two mega projects apart from advancing local industry, will also help create jobs in the country, he added.

The prime minister expressed this view while chairing a meeting here of the working groups of the Pakistan Island Development Authority (PIDA) and the Ravi Urban Development Authority (RUDA).

He said Pakistan’s coastline was not only suitable for tourism and urban development by international standards, but also had the potential to create many investment opportunities.

The Prime Minister further said that the City of Ravi project, apart from reducing the pressure on the urban population of the large city of Lahore, will introduce a new dimension of urban planning in the country.

In the meeting attended by Sindh Governor Imran Ismail and Punjab Chief Secretary Jawad Rafiq Malik via video-link, the prime minister was briefed on the progress made so far on the two projects.

The prime minister was told that urban centers in Ravi City and Bundle Island would be built for the first time in the country’s history in line with green city principles.

Urban Development Authority chairman Ravi told the meeting that a survey of 1,8600 hectares for construction had been completed, which did not require the evacuation or dislocation of local residents.

He said the Ravi City project, apart from providing the public with international standard residential facilities, would prove to be a model in the region due to the availability of basic facilities such as sewers, underground water tanks, security and environmental protection.

It can be mentioned here that instead of taking out loans, the two projects are being developed on the basis of public-private partnerships that are in demand by international agencies and investors.

The head of the Pakistan Island Development Authority notified the prime minister of the interest being taken by various international companies in master planning and environmental studies of Island development.

The fruits of economic stabilization must reach the common man

Also, Prime Minister Imran Khan on Friday, while expressing his satisfaction over the situation of economic stabilization in the country, stressed that the results of economic recovery should reach ordinary people as early as possible.

He said with the government’s strategy to tackle the COVID-19 situation that is being hailed at the international level, Pakistan’s economy is growing rapidly in the region, where their economic team and coordinated strategy deserve credit.

The prime minister expressed his views while chairing a meeting held here to review the country’s economic situation.

Federal Minister Makhdoom Shah Mahmood Qureshi, Makhdoom Khusro Bakhtiar, Muhammad Hammad Azhar, Financial Advisor Dr Abdul Hafeez Sheikh, Advisor for Institutional Reform Dr Ishrat Hussain and Special Assistant to PM Dr Waqar Masood also attended.

The prime minister praised the economic team for their efforts on economic discipline and better debt management. He described the positive trends depicted in the country’s Large Scale Manufacturing (NGO) sector as a good sign for the economy.

The meeting also discussed in detail the possible impact of the second wave of the corona virus on the country’s economy and the protection of the poor segments of the community through the Kefalat Program.

The PM assigns the governor to oversee the disposal of Citizen Portal complaints in the province

Prime Minister Imran Khan on Friday tasked provincial governors with reviewing complaint disposal mechanisms registered through the Pakistan Citizens Portal (PCP) associated with federal departments operating in their respective provinces.

The governors will conduct periodic performance evaluations of the PCP dashboards of Federal Government organizations and a senior level focal point will be nominated for regular liaison with the Prime Minister Delivery Unit (PMDU).

The decision was taken in consideration of the lack of collective performance reviews of Federal Government organizations functioning in the provinces.

PMDU is also directed to create an exclusive dashboard for the governor’s office and orient the focal person who is nominated.

Citizen Portal has emerged as the most trusted medium for complaint resolution by providing a forum and a voice for ordinary people to raise issues.

The registration of about three million people on the portal embodies public confidence in the system.

People have filed 2.7 million complaints with a resolution of 94% and a total of 617,000 complainants have provided satisfactory responses.

To receive and process public complaints, 8,913 PCP dashboards have been created for officials from all government organizations across the country. Apart from provincial departments, dashboards have also been created for officials of Federal Government organizations functioning in the provinces.

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