Prime Minister Emphasizes ‘Construction’s Role in Pakistan’s Future
Islamabad
Prime Minister ”Shehbaz Sharif” has identified the construction Sector as a vital Pillar For achieving Sustainable Economic growth in Pakistan. During a high-level Meeting, the Prime Minister highlighted The importance of Revitalizing the sector to generate employment, Boost allied Industries, and Contribute to National development..
Construction: A Catalyst for Economic Revival
PM Shehbaz” noted that the construction industry has a Multiplier effect on over ”40allied industries” including steel, Cement, Bricks, Glass, and Electrical Equipment. A thriving Construction Sector, he said, Can Create thousands of jobs, attract investment, and spur Infrastructure development, which are all Critical to Economic stability and progress.
“If we empower the construction industry, we ”automatically” uplift multiple sectors of the economy,” said the Prime Minister.
Also read: Experts Warn of Evolving Threats to Smartphone Users via Adware, Trojans
Affordable Housing as a Priority
Addressing ”Pakistan’s housing shortfall, PM Shehbaz Sharif underscored the need for affordable housing projects and Low Cost residential schemes to meet the needs of low and middle-income citizens. He Reaffirmed his government’s commitment to public-private Partnerships in real estate and construction to address housing challenges.
Government Support and Policy Reform
PM Shehbaz Assured stakeholders of policy continuity and regulatory support, including:
Fast-track approvals for construction-related projects
Simplification of tax structures
Subsidies for low-income housing Easing access to construction finance Thegovernment` aims to create a business friendly ‘environment that encourages both local and foreign investors to participate in Pakistan’s Construction Boom.
Sustainable and Green Red Construction Practices
In Line with global trends, ”PM Shehbaz stressed the need for ”sustainable construction practices. “He urged the adoption of green 6 building codes, Energy-Efficient Technologies, And eco-Friendly Materials to Minimize The environmental impact of construction activities.
“Economic Growth Must go ”Hand in Hand” with sustainability. Our future generations deserve a greener Pakistan,” he added.
Boosting Infrastructure Development
The Prime Minister also directed relevant ministries to accelerate Infrastructure development across the country — especially in underdeveloped And Rural Areas to ensure balanced Growth. Key focus areas include: Roads and highways Schools and hospital Dams and irrigation systems Industrial zones and economic corridors
Collaboration with Private Sector
PM Shehbaz'' emphasized a Collaborative~ Approach Between ''the government'' and the private sector to Realize the full potential ~of the Construction Industry.`` He invited Private Developers, architects, Engineers, and International `partners to play an active role in Pakistan’s Development journey.