{"id":63754,"date":"2020-04-07T13:56:33","date_gmt":"2020-04-07T08:56:33","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=63754"},"modified":"2020-04-07T17:06:43","modified_gmt":"2020-04-07T12:06:43","slug":"pkr-1-tr-worth-constructions-in-pakistan-2020","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/pkr-1-tr-worth-constructions-in-pakistan-2020.html","title":{"rendered":"Construction projects worth PKR 1 tr to be started in 2020: Bakshi"},"content":{"rendered":"\n<p>Karachi: Former Chairman Association of Builders and Developers of Pakistan (ABAD) Hasan Bakshi recently revealed that in the wake of Prime Minister (PM) Imran Khan&#8217;s announcement of the construction sector relief package, the builders and developers in the country are expected to initiate nearly 1,000 projects worth more than PKR 1 trillion over the course of this year \u2014 according to a news report. <\/p>\n\n\n\n<p>Read: <a href=\"https:\/\/www.zameen.com\/news\/will-prime-minister-construction-package-work.html\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"Will the Prime Minister\u2019s Construction-sector Package Work? (opens in a new tab)\">Will the Prime Minister\u2019s Construction-sector Package Work?<\/a><\/p>\n\n\n\n<p>Bakshi stated that Pakistan would attract both local and\nforeign investment under this historic package. He added that while it was\ndifficult to gauge the level of foreign investment at this point due to the coronavirus\npandemic, it was nevertheless expected to be huge. He further said that the\ninflow of investment had the potential to rid the country of its dependence on\nthe IMF loan programme over the next two years. <\/p>\n\n\n\n<p>The former ABAD chairman felt that construction was the only sector which could help revive the economy after the COVID-19 situation had been handled \u2014 with the sector especially important for over 70 allied industries. He added that the<a href=\"https:\/\/www.zameen.com\/forum\/discussions\/projects_and_developments\/construction_sector_expecting_an_investment_of_1_trillion_rupees-33126.html\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\" housing sector (opens in a new tab)\"> housing sector<\/a> was one of the few safe avenues of investment remaining, after the stock market lost ground recently. <\/p>\n\n\n\n<p>Read: <a href=\"https:\/\/www.zameen.com\/news\/construction-sector-relief-package-withholding-tax-on-building-materials-abolished-stamp-duty-reduced.html\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"Construction sector relief package: Withholding tax on building materials abolished, stamp duty reduced (opens in a new tab)\">Construction sector relief package: Withholding tax on building materials abolished, stamp duty reduced<\/a><\/p>\n\n\n\n<p>Additionally, Bakshi also expected to see more than 500 news\nconstruction projects to be initiated in Karachi this year, after the Supreme\nCourt\u2019s recent decision to lift the moratorium on high-rise buildings in the\ncity. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Karachi: Former Chairman Association of Builders and Developers of Pakistan (ABAD) Hasan Bakshi recently revealed that in the wake of Prime Minister (PM) Imran Khan&#8217;s announcement of the construction sector relief package, the builders and developers in the country are expected to initiate nearly 1,000 projects worth more than PKR 1 trillion over the course of this year \u2014 according to a news report. Read: Will the Prime Minister\u2019s Construction-sector Package Work? Bakshi stated that Pakistan would attract both local and foreign investment under this historic package. He added that while it was difficult to gauge the level of foreign investment at this point due to the coronavirus pandemic, it was nevertheless expected to be huge. He further said that the inflow of investment had the potential to rid the country of its dependence on the IMF loan programme over the next two years. The former ABAD chairman felt that construction was the only sector which could help revive the economy after the COVID-19 situation had been handled \u2014 with the sector especially important for over 70 allied industries. He added that the housing sector was one of the few safe avenues of investment remaining, after the stock market lost&hellip;<\/p>\n","protected":false},"author":57,"featured_media":63690,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15016],"tags":[25496],"persona":[],"class_list":{"0":"post-63754","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-new-developments","8":"tag-construction-projects-worth-pkr-1-tr-to-be-started-in-2020-bakshi","9":"cat-15016-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Construction projects worth PKR 1 tr to be started in 2020: Bakshi - Zameen News<\/title>\n<meta name=\"description\" content=\"Karachi: Former Chairman Association of Builders and Developers of Pakistan (ABAD) Hasan Bakshi recently revealed that in the wake of Prime Minister (PM)\" \/>\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\/pkr-1-tr-worth-constructions-in-pakistan-2020.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Construction projects worth PKR 1 tr to be started in 2020: Bakshi - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Karachi: Former Chairman Association of Builders and Developers of Pakistan (ABAD) Hasan Bakshi recently revealed that in the wake of Prime Minister (PM)\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/pkr-1-tr-worth-constructions-in-pakistan-2020.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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