{"id":58351,"date":"2019-12-05T15:39:10","date_gmt":"2019-12-05T10:39:10","guid":{"rendered":"https:\/\/www.zameen.com\/blog\/?p=58351"},"modified":"2019-12-05T15:40:21","modified_gmt":"2019-12-05T10:40:21","slug":"cap-lauds-establishment-of-construction-infrastructure-board","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/cap-lauds-establishment-of-construction-infrastructure-board.html","title":{"rendered":"CAP lauds establishment of Construction &#038; Infrastructure Board"},"content":{"rendered":"<p>Lahore: The Constructors Association of Pakistan (CAP) has expressed its gratitude to Prime Minister (PM) Imran Khan for taking the decision to establish the Construction &amp; Infrastructure Board, a news source reported.<\/p>\n<p><strong>Read<\/strong>:\u00a0<a href=\"https:\/\/www.zameen.com\/news\/cda-forms-committee-to-resolve-issues-faced-by-construction-industry.html\" target=\"_blank\" rel=\"noopener noreferrer\">CDA forms committee to resolve issues faced by construction industry<\/a><\/p>\n<p>CAP also forwarded a proposal for the establishment of the Construction Development Bank (CDB), in order to bridge the gap between federal and provincial projects; in terms of the financial services provided to them by the commercial banks.<\/p>\n<p>Previously, the PM had met with a delegation of the association, led by CAP Chairman Muhammad Asad Ullah Khan. It was during this meeting that PM Khan had announced the <a href=\"https:\/\/www.zameen.com\/news\/govt-set-up-construction-infrastructure-board.html\" target=\"_blank\" rel=\"noopener noreferrer\">establishment of the Construction &amp; Infrastructure Board<\/a>.<\/p>\n<p>The delegation went on to thank the PM for ratifying the <a href=\"https:\/\/www.zameen.com\/news\/pm-approves-industry-status-for-construction-sector.html\" target=\"_blank\" rel=\"noopener noreferrer\">construction sector as an industry<\/a>. The officials added that the establishment of the CDB was essential for expediting the different construction projects currently underway in the country \u2013 leading to job creation and mobilisation of 40 ancillary industries.<\/p>\n<p>On Wednesday, the CAP chairman stated that the prospective board should have the authority to restore the Pakistan Institute of Costs &amp; Contracts (PICC). He added that PICC could advise the federal and provincial governments on matters pertaining to the construction industry, and conduct research activities related to the industry\u2019s export services.<\/p>\n<p><strong>Read<\/strong>:\u00a0<a href=\"https:\/\/www.zameen.com\/news\/special-tax-incentives-planned-construction-sector-hafeez-shaikh.html\" target=\"_blank\" rel=\"noopener noreferrer\">Special tax incentives planned for construction sector &#8211; Hafeez Shaikh<\/a><\/p>\n<p>The chairman also requested the government to authorise the board for the following:<\/p>\n<ul>\n<li>Promoting quality assurance<\/li>\n<li>Conformance of standards for construction workmanship and materials<\/li>\n<li>Authorise the contractors and consultants for imposing conditions of registration and accreditation<\/li>\n<li>Authorise the contractors and consultants to revoke, suspend, or reinstate the registration and accreditation<\/li>\n<\/ul>\n<p>CAP has also stressed on the establishment of the CDB; citing the delay in construction projects due to delays in release of funds.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Lahore: The Constructors Association of Pakistan (CAP) has expressed its gratitude to Prime Minister (PM) Imran Khan for taking the decision to establish the Construction &amp; Infrastructure Board, a news source reported. Read:\u00a0CDA forms committee to resolve issues faced by construction industry CAP also forwarded a proposal for the establishment of the Construction Development Bank (CDB), in order to bridge the gap between federal and provincial projects; in terms of the financial services provided to them by the commercial banks. Previously, the PM had met with a delegation of the association, led by CAP Chairman Muhammad Asad Ullah Khan. It was during this meeting that PM Khan had announced the establishment of the Construction &amp; Infrastructure Board. The delegation went on to thank the PM for ratifying the construction sector as an industry. The officials added that the establishment of the CDB was essential for expediting the different construction projects currently underway in the country \u2013 leading to job creation and mobilisation of 40 ancillary industries. On Wednesday, the CAP chairman stated that the prospective board should have the authority to restore the Pakistan Institute of Costs &amp; Contracts (PICC). He added that PICC could advise the federal and provincial&hellip;<\/p>\n","protected":false},"author":68,"featured_media":34938,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[],"tags":[14286],"persona":[],"class_list":{"0":"post-58351","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"tag-details-on-cap-lauds-establishment-of-construction-infrastructure-board"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>CAP lauds establishment of Construction &amp; Infrastructure Board - Zameen News<\/title>\n<meta name=\"description\" content=\"Lahore: The Constructors Association of Pakistan (CAP) has expressed its gratitude to Prime Minister (PM) Imran Khan for taking the decision to establish\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/cap-lauds-establishment-of-construction-infrastructure-board.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CAP lauds establishment of Construction &amp; 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