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HomeLatest NewsPunjab construction projects activities ‘worth’ Rs. 1.77 trillion to be generated

Punjab construction projects activities ‘worth’ Rs. 1.77 trillion to be generated

Lahore: According to a recent news report, Prime Minister Imran Khan stated that an investment of Rs 353.43 billion in the construction sector projects in Punjab would generate economic activities worth Rs. 1.77 trillion and create 315,678 job opportunities.

The Prime Minister, who presides over the weekly meeting of the National Coordination Committee for Housing, Construction and Development, was briefed about the promotion of construction activities in the country and the fast pace process of approvals by the provincial governments.

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The Chief Secretary Punjab told the prime minister that the applications of construction on 87.03 million square feet in the province, including Lahore (38%) and Metropolitan Corporation (22%), Rawalpindi (18%), Faisalabad (11%), and Multan (10%) had so far been received.

Chief Secretary Khyber Pakhtunkhwa told the meeting with a total of 3,634 applications (manual and online) received so far, 3,158 applications (87%) have been approved. With only 9% returned due to various reasons, 4% of applications under the process of approvals.

The meeting was told that the application received for construction at an area of 10.854 million square feet in Khyber Pakhtunkhwa so far would generate economic activities worth Rs 190 billion in the province.

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Chief Secretary Khyber Pakhtunkhwa further told the meeting that with a 66% increase in receipt of applications from October 15, 2020, to date, approvals 62%, the volume of construction area 128%, the expected income generation and employment opportunities had also witnessed 128% increase.

Chief Secretary Sindh told the meeting that a total of 22 construction projects have been approved in the province.

For more details, visit our website Property News.


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