PIAF welcomes new package for construction sector


economic activities
The Pakistan Industrial and Traders Associations Front has welcomed the new incentive package for the construction industry, with allocation of Rs.30 billion subsidy for the Naya Pakistan Housing Project, urging the government to announce the same relief to also other industrial sectors with a view to promote economic activities and generate new employment in the post-corona slowdown economy.
PIAF chairman Mian Nauman Kabir, in a joint statement with senior vice chairman Nasir Hameed and vice chairman Javed Siddiqi, termed the package announced by the PM for construction sector as historic, saying it would prove a turning point for the economy, besides providing financial flexibility to the low income people for building their own houses.