Construction projects in Punjab, KP to generate Rs1.1tr economic activity, PM told
ISLAMABAD: Prime Minister Imran Khan Friday was told that Punjab and KP governments had received applications for approval of construction projects over 50 million square feet area which would generate an economic activity of around Rs 1100 billion.
During the weekly meeting of National Coordination Committee on Housing, Construction and Development, Punjab chief secretary said that from across the province, they had received applications for construction projects over 44 million square feet of which approval for 20 mln sq ft had already been granted. SAPM Malik Amin Aslam and Shahbaz Gill, Advisor Dr Ishrat Hussain, federal and provincial secretaries and senior officers attended the meeting, a PM Office press release said.
The Punjab chief secretary told the meeting that with the enhancement of construction activity, the consumption of all allied materials like cement, bricks and steel had also increased. Following the construction on 44 mln sq ft area, an economic activity worth Rs 1 trillion (Rs1000 billion) would generate, he added.
Similarly, Khyber Pakhtunkhwa chief secretary said they had received requests for construction projects over six mln sq ft area which would beget economic activity of around Rs 100 billion. - APP