It is globally acknowledged that construction sector plays a major role in the economic development and uplift of the country. Construction provides job opportunities to millions of skilled and un-skilled labour force. It is considered as one of the largest employment generating sector after agriculture.
Prime Minister Imran Khan recently approved setting up of Construction and Infrastructure Board (CIDB) after meeting with a delegation of Constructors Association of Pakistan (CAP) under the leadership of its Chairman Muhammad Asad Ullah Khan. During the meeting the construction association also stressed the need of setting up Construction Development Bank (CDB) to immediately bridge financing facilities of all federal and provincial projects by the commercial banks.
The CAP leadership thanked the premier for approving the construction sector as industry and said that construction development bank is essential to pace up construction activities in the country which will lead to job creation and mobilization of 40 ancillary industries.
