ISLAMABAD: Prime Minister Imran Khan on Friday was assured by 13 leading builders of the country of launching various projects during next 4-5 months that will generate economic activities upto Rs1.3 trillion and addition of 100,000 housing units.
The assurance was made during weekly meeting of National Coordination Committee on Housing, Construction and Development held in Islamabad with Prime Minister Imran Khan in the chair.
Besides all Chief Secretaries of the provinces leading builders and developers from Karachi, Islamabad and Lahore attended the meeting to represent Association of Builders and Developers of the country.
The prime minister appreciated Governor State Bank for its proactive role in encouraging private banks to extend much-needed support to the construction sector.
Abad represents builders and developers organizations at the national level and plays a key role in private sector construction activities.
Representatives of Abad said that for the first time in the country s history, not only NOCs and permits are being simplified but private banks are encouraging builders and developers for construction activities and the credit, of course, goes to the incumbent government and the State Bank of Pakistan (SBP).
The builders and developers assured the prime minister that the present system will help expeditious resolution of their issues and pending approvals enabling them to undertake projects worth billions of rupees.
Imran Khan while expressing satisfaction over the confidence of the builders community reiterated the commitment of the government to provide every possible facilities to the construction sector.
He observed that big cities serve as engine of growth and offer huge opportunities to the builders and developers. He said increased construction activities will help wealth and job creation which will enable the country to gain economic stability and reduce its debt burden.