PM urges investment in construction sector

Published September 11, 2020
Prime Minister Imran Khan expressed satisfaction over keen interest shown by the investors, builders and constructors in these projects. ─ File photo by Irfan Ahson
Prime Minister Imran Khan expressed satisfaction over keen interest shown by the investors, builders and constructors in these projects. ─ File photo by Irfan Ahson

ISLAMABAD: Prime Minister Imran Khan on Thursday invited investors to invest in the construction sector, particularly the Ravi Riverfront Urban Develop­ment Project of Lahore and Karachi’s Bundle Island Project.

Presiding over a meeting of the National Coordination Committee on housing, construction and develop­ment, the prime minister said his government would provide maximum facilities to the investors in this sector.

“Mostly overseas Pakis­tanis invest in the construction and real estate sector and now they have a big opportunity to invest their money in Ravi Urban Development Project in Lahore and Bundle Island Project in Karachi,” the prime minister said.

He said these mega projects would not only encourage investment of billions but also promote other affiliated sectors and would prove milestones in streng­thening the country’s economy.

Asks overseas Pakistanis to consider Lahore’s Ravi scheme and Karachi’s Bundle Island project

Mr Khan expressed satisfaction over keen interest shown by the investors, builders and constructors in these projects.

He said local as well as overseas Pakistanis would be encouraged to invest in these projects.

The prime minister said 90 per cent of the material to be used in the Ravi Riverfront Urban Develop­ment Project would be indigenous, which would boost the local industry.

Information and Broad­casting Minister Senator Shibli Faraz, PM’s special assistants Malik Amin Aslam, retired Lt Gen Asim Saleem Bajwa and Dr Shehbaz Gill, Chairman of the Naya Pakistan Housing Authority Anwar Ali Haider, State Bank of Pakistan (SBP) Governor Reza Baqar, the chairman of the Federal Board of Revenue and noted businessmen, including Aqeel Karim Dhedi, Arif Habib, Abbas Mukhtar, Fawad Mukhtar, Faisal Afridi, Mohammad Ahsan, Shahid Abdullah and Tariq Rafi, also attended the meeting.

Punjab Chief Secretary Jawwad Rafique presented the timeline of reviewing master plans of big cities, including Rawalpindi, Faisal­abad, Multan, Gujran­wala, Dera Ghazi Khan, Sialkot and Sahiwal.

In a separate meeting, Mr Khan urged overseas Pakistanis to invest in the construction sector, particularly in Ravi Riverfront Urban Development Pro­ject of Lahore and Bundle Island Project of Karachi.

Published in Dawn, September 11th, 2020

Follow Dawn Business on Twitter, LinkedIn, Instagram and Facebook for insights on business, finance and tech from Pakistan and across the world.

Opinion

Editorial

Little respite
03 Mar, 2024

Little respite

IS inflation on its way out? The Consumer Price Index showed that inflation dropped to 23.1pc in February from ...
More slaughter
Updated 03 Mar, 2024

More slaughter

Israel’s extremist leaders are on an apocalyptic mission to ethnically cleanse Gaza.
Without VCs
03 Mar, 2024

Without VCs

THE delay in appointing vice chancellors across Pakistan’s universities has mushroomed into a crisis, with one...
Urgent challenge
Updated 02 Mar, 2024

Urgent challenge

The incoming finance team will have to prioritise economic decisions over political considerations and personal whims.
Contempt ruling
02 Mar, 2024

Contempt ruling

AN Islamabad High Court decision penalising the city’s deputy commissioner, a senior superintendent of police and ...
Streets of death
02 Mar, 2024

Streets of death

A LIFE without a sense of permanence is one aspect of a human crisis as complex as homelessness. But the fact that...