Image Credits: https://www.insaf.pk/news/naya-pakistan-housing-program-corner-stone
ISLAMABAD, July 11 (Online Int’l): The business community has lauded Prime Minister Imran Khan for announcing a big incentive package for the construction industry, providing a subsidy of Rs 30 billion for the Naya Pakistan Housing Project so that people could build their dream house at an affordable cost.
In a statement issued on Saturday, Friends of Economic and Business Reforms (FEBR) President Kashif Anwar observed the subsidy of Rs 30 billion being given to Naya Pakistan Housing project will also spur the construction activities while the Construction Industry Development Board will promote the construction industry. The step was necessary to keep the economy running while the Prime Minister’s incentivised package for the construction industry will increase employment opportunities in the country in the wake of the coronavirus outbreak. He maintained that the the move would facilitate the daily wagers. He said the construction industry is the second largest sector in the country which provides employment to the people. FEBR appreciated the government for creating a balance between maintaining a lockdown and keeping the construction sector running to save people from hunger and poverty. He also appreciated the allocation of Rs200 billion for those who have lost their jobs or facing income issues during the coronavirus crisis, urging the government to formulate a mechanism to ensure that funds are provided to the most deserving segments of the society.
Hailing the special package for the construction industry, the FEBR leader, who is also the former LCCI vice president, said that the sector plays an important part in development of a country.
He said that due to the adverse impact of the coronavirus on the country’s economy, the government obtained a recess in international obligation till Dec 31 this year and people investing in the construction industry would not be asked about their sources of income.
Stay tuned to Baaghi TV for latest news and updates!
Private Schools Association want schools reopened immediately, rejects govt decision
Punjab Chief Minister visits Dera Gujran Orange Line Metro Station, Announcement Made
