Development of the construction sector vital for economic growth: PM Imran

Development of the construction sector vital for economic growth: PM Imran

Islamabad (Web Desk): Prime Minister Imran Khan has said that development of the construction sector is essential to accelerate the economic growth of the country, the Radio Pakistan reported.


While chairing a high level meeting here on Monday, PM Khan said that promotion of the construction sector is the government's top priority.

The meeting was briefed on the challenges faced by the construction sector.

The PM said about forty industries are associated with the construction that can grow with the development of this sector and would also create job opportunities for the youth. The meeting discussed various suggestions on provision of loans for construction, uniform tax rates in provinces and enhancing public private partnership in the sector.

The Prime Minister also constituted a committee to formulate applicable suggestions on various problems faced by the construction sector, including provincial and federal level taxes on loans.

The committee headed by the chairman Naya Pakistan Housing Authority Anwar Ali Haider will be comprised of Chairman FBR, Governor State Bank, Finance Minister Punjab and Provincial Chief Secretaries.

The committee has been directed to submit its recommendations to the Prime Minister in 24 hours regarding taxes, loans from banks and other solutions to the problems faced by the construction sector.