Gets assurance of Rs1.3t activities in 4-5 months from builders
Prime Minister Imran Khan Friday termed the construction sector vital to fulfil dreams of youth to get jobs and poor people to own houses.
The Prime Minister gave a series of instructions to the concerned officials while chairing a meeting of the National Coordination Committee on Housing, Construction and Development.
The Prime Minister while expressing satisfaction over the confidence of the builders community reiterated the commitment of the government to provide every possible facility to the construction sector. He observed that big cities serve as engines of growth and offer huge opportunities to the builders and developers.
He said increased construction activities will help wealth and job creation which will enable the country to gain economic stability and reduce its debt burden.
The declaration of the meeting stated that the committee is becoming useful for encouraging the stakeholders of the construction sectors especially builders and developers, whereas, the construction activities are being promoted due to special facilities and relaxations by the federal government.
It stated the 13 prominent builders have assured the Premier to invest in the construction sector. The builders’ representatives expressed hopes for a record economic activities up to Rs1.3 trillion during the next 4-5 months and around 100,000 housing units will be constructed. The representatives said that builders and developers are being encouraged to increase the construction activities.
The facilities provided by the federal government for NOCs and permission letters have also created ease for the business community associated with the construction sector.
The representatives of ABAD assured the federal government of initiating construction projects in a few months.
During the meeting, the Prime Minister expressed satisfaction over the increase in economic activities and assurance of multi-billion rupees construction projects.
The Prime Minister praised Punjab and Khyber Pakhtunkhwa (KP) governments for establishing and activating a portal and one-window operation. He also directed Azad Jammu and Kashmir (AJK) and Gilgit-Baltistan governments to follow the same pattern to promote the construction sector. He said the purpose of shifting operations to an online medium will ensure transparency.
The authorities have been directed by the Premier to ensure timely and uninterrupted supplies of electricity and gas to the new construction sites besides order the helpline to effectively perform on federal level.
The present government has paid special attention to eliminate negative impacts of the coronavirus pandemic on the national economy and expediting economic activities through prioritising the construction sector.
Besides all chief secretaries of the provinces, leading builders and developers from Karachi, Islamabad and Lahore attended the meeting to represent the Association of Builders and Developers of the country.
The Prime Minister appreciated Governor State Bank for his proactive role in encouraging private banks to extend much-needed support to the construction sector.
The builders and developers assured the Prime Minister that the present system will help expeditious resolution of their issues and pending approvals enabling them to undertake projects worth billions of rupees. TLTP