For construction sector PM’s package to boost economy

ISLAMABAD:

The prime minister’s package for the construction industry is a ray of hope at a time when the sector is bearing the brunt of coronavirus outbreak, said South Asian Association for Regional Cooperation (Saarc) Chamber of Commerce and Industry (CCI) President Iftikhar Ali Malik. In a statement on Monday, he said that the incentive package would give a boost to the country’s economy in addition to creating ample new job opportunities. “The construction sector has great potential to boost economic activities, however, due to some restrictive measures, the sector contracted 7.6% during 2019, which has caused a great loss to the economy,” he said. Shedding further light on the scheme, he said all salient features announced in the incentive package would help steer economic activities besides uplifting confidence of investors and the business community. He pointed out that government will not inquire anyone about the source of the income which would be invested in the construction sector of the country.

Published in The Express Tribune, July 14^th, 2020.

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