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Growth in construction activities to strengthen Pakistani economy: PM – Pakistan




Posted on November 20, 2020 at 6:28 p.m.

He insisted on raising public awareness regarding Naya Pakistan housing program.

ISLAMABAD (Dunya News) – Prime Minister Imran Khan said on Friday that the growth in construction activities will strengthen the Pakistani economy and provide employment opportunities for the people.

Chairing the weekly meeting of the National Coordinating Committee on Housing Construction and Development in Islamabad on Friday, he ordered the Punjab government to approve construction requests in accordance with applicable laws as soon as possible.

The Prime Minister also called on Pakistan Telecommunication, the National Electric Power Regulatory Authority, to work with the State Bank of Pakistan to resolve construction industry issues as soon as possible.

He insisted on raising public awareness regarding Naya Pakistan housing program.

On this occasion, the Governor State Bank informed the meeting that the banks are ensuring the provision of facilities to the population to obtain loans under the Naya Pakistan Housing Scheme.

Imran Khan said that for the convenience of the people, special offices will be set up in 50% of bank branches in all districts of the country.

The Chief Secretary of Punjab informed the meeting that requests for construction of 44 million square feet have been received from across the province and approval for construction of 20 million square feet has been given.

He said that the start of construction work on 44 million square feet in Punjab would start economic activities worth around one trillion rupees.

Chief Secretary Khyber Pakhtunkhwa informed the meeting that to date, applications for construction on six million square feet have been received. He said it will generate one hundred billion rupees economic activity in the province.

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