Construction industry to generate economic activity worth Rs. 1.77 Trillion

The construction industry has seen a massive increase in activity since the “Construction amnesty” scheme offered by the government.

Prime Minister Imran Khan while presiding over the meeting of National Coordination Committee for Housing, Construction and Development, was briefed about the recent boom in construction industry in the country and the resulting economic activities and employment opportunities.

The PM was told that investment of Rs 353.43 billion in the construction sector projects in Punjab would generate economic activities worth Rs 1,767.15 billion and create 315,678 job opportunities.

For Punjab applications of construction on 87.03 million square feet in the province have been approved and the process in being streamlined even more to encourage investments.

Similarly in Khyber Pakthunkhwa 10.854 million square feet have been approved for construction and would generate economic activities worth Rs 190 billion in the province.

Chief Secretary Sindh told the meeting that a total of 22 construction projects have been approved in the province. The PM directed the Chief Secretary to ramp up the process to generate economic activity in the province.

The economic activity generated in the construction industry is not only crucial for the revival of the economy but also driving 50+ allied industries.