Last updated when July 31, 2020 18:54
PM Imran said increasing construction activities would help wealth and job creation
ISLAMABAD (Dunya News) – Prime Minister Imran Khan on Friday was convinced by 13 of the country’s leading builders to launch various projects over the next 4-5 months that will generate economic activity of up to Rs 1.3 trillion and the addition of 100,000 housing units.
The guarantee was made during the weekly meeting of the National Coordinating Committee for Housing, Construction and Development which was held in Islamabad with Prime Minister Imran Khan in the chair.
In addition to all the Chief Secretaries of leading provincial builders and developers from Karachi, Islamabad and Lahore attended the meeting to represent the country’s Builders and Developers Association.
The prime minister appreciates the Governor of the State Bank for its proactive role in encouraging private banks to provide much needed support to the construction sector.
Ages represent development organizations and developers at the national level and play a key role in private sector construction activities.
The Century Representative said that for the first time in the country’s history, not only NOCs and simplified permits but private banks encouraged builders and developers for construction and credit activities, of course, went to the ruling government and the State Bank. Pakistan (SBP).
The builders and developers assured the prime minister that the current system would help solve their problems quickly and await approval that would allow them to carry out projects worth billions of rupees.
Imran Khan while expressing satisfaction with the trust of the building community reaffirmed the government’s commitment to provide every possible facility for the construction sector.
He observed that big cities functioned as engines of growth and offered great opportunities for builders and developers. He said an increase in construction activities would help wealth and job creation which would enable the country to gain economic stability and reduce its debt burden.