Wednesday, November 29, 2023

PM Imran Khan specialized on the building sector in Pakistan says Farrukh Habib

Minister of State Farrukh Habib said on Thursday that Prime Minister Imran Khan focuses on Pakistan’s construction sector, adding the newly announced incentive package would generate thousands of jobs and increase investment.

The new incentive package will create thousands of employment in the nation.

Farrukh Habib claimed that the past administrations had disregarded buildings, causing massive economic losses, when he talked about a news conference in Islamabad.

He stated that it will generate thousands of employment across Pakistan, noting the advantages of the Prime Minister’s recent industrial package. “The building package in the next several years would produce 325 000 employment for Punjab,” he stated.

Last year, a stimulus package was launched for the building industry by PM Khan. The plan contained a Rs30 billion subsidies for Hou-sing Naya Pakistan (NPHP). PM Imran had indicated that the 5 and 7% markup on bank loans will be for households up to 5 and 10 marlahs, and he invited investors, builders and individuals to utilise it.

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