ISLAMABAD
The government is considering a comprehensive development package to overhaul construction sector and elevate national standards.
It was deliberated upon at a meeting chaired by Minister for Economic Affairs and Establishment Division Ahad Cheema in Islamabad.
The proposed package includes the establishment of a Construction Industry Development Board (CIDB), the evaluation of a dedicated Construction Development Bank (CDB), rationalization of import and export policies, and targeted tax reforms for the construction sector.
Ahad Cheema said the CIDB will play a dual role encompassing both the overall development of the construction sector and regulatory function to oversee industry standards, contractors, and consultants. Composed of representatives from both the public and private sectors, the board will serve as a unified platform to elevate national standards.
Emphasizing that public funds are a national trust that cannot be allowed to go to waste due to substandard execution or flawed technical designs, he affirmed that an independent board playing both development and regulatory roles will enforce accountability, streamline dispute resolution, and raise national construction standards to international levels.
The Minister reiterated that the principal focus of the government is to ensure every public infrastructure project is both cost-effective and highly durable.
