The construction industry has called upon the government to provide allied industries coordination to materialize construction of low cost 500,000 houses in 16 major cities of the country.
The cement and steel are the key allied industries of the construction sector which are playing a central role in maintaining the cost of doing business and providing competitive to the construction industry, Chairman Association of Builder and Developers (ABAD) Mohsin Seikhani told on Wednesday.
He said that investors from China, Italy, Turkey, and Iran wanted to come for investment in the local construction sector, “We need to encourage them for providing them facilities according to international level.”
He further said,“We can attract the foreign investment in the construction sector through start the one window operation in our Special Economic Zones (SEZs) to facilitate them in the country.”
Chairman ABAD said that now the construction sector acquired the status of the industry which would have a positive impact on the country’s economic health and also enhance economic growth
“We are indebted to Prime Minister Imran Khan for reviving the construction industry and give this status for the revival of the sector,” he said
The houses would be built in four major cities including Karachi, Hyderabad, Sukkur, Nawab Shah, Lahore, Faisalabad, Multan, Gujranwala, Bahawalpur, Rawalpindi, Islamabad, Peshawar, Abbottabad, Nowshera, Haripur, Quetta, he said.
“We have completed our market study and acquired land and industrial players would start construction of houses to complete in the next two years,”
This news has been taken from http://pcq.com.pk
