{"id":78309,"date":"2021-07-31T10:00:00","date_gmt":"2021-07-31T05:00:00","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=78309"},"modified":"2021-07-30T17:54:45","modified_gmt":"2021-07-30T12:54:45","slug":"construction-sector-boosted-economy","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/construction-sector-boosted-economy.html","title":{"rendered":"&#8216;Construction sector&#8217;s revival boosted economy, fetched PKR 1 trillion investment&#8217;"},"content":{"rendered":"\n<p>Islamabad: Minister of State for Information and Broadcasting Farrukh Habib on Thursday stated that the revival of construction sector has improved economic activity in the country and raised investment of PKR one trillion, media sources reported.<\/p>\n\n\n\n<p><strong>Read: <\/strong><a href=\"https:\/\/www.zameen.com\/news\/3-day-construction-allied-industries-exhibition.html\" target=\"_blank\" rel=\"noreferrer noopener\">Three-day construction, allied industries\u2019 exhibition planned for twin cities<\/a><\/p>\n\n\n\n<p>Prime Minister (PM) Imran Khan has announced a special package for the construction sector, which includes exemption from the Federal Board of Revenue (FBR) and a decrease in fixed taxes. This package was introduced to mitigate the negative impact of the COVID-19 lockdown.<\/p>\n\n\n\n<p>Furthermore, the government has approved various construction projects totalling PKR 1,000 billion, including PKR 491 billion in projects registered under the FBR&#8217;s exemption <a href=\"https:\/\/www.zameen.com\/news\/fbr-list-projects-availing-amnesty-scheme.html\" target=\"_blank\" rel=\"noreferrer noopener\">scheme<\/a>. According to\u00a0Mr Farrukh,\u00a0the thriving construction industry would have a multiplier effect on over 120 allied industries. As a result, it would generate PKR 100 billion in economic activity and 700,000 employment opportunities in the country.<\/p>\n\n\n\n<p>The details of the projects are as follows:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>PKR 373 billion worth of 24,404 investment projects were approved in Punjab. It is expected to generate PKR 1,900 billion in economic activity and create 325,000 job opportunities in the province.<\/li><li>PKR 74 million projects were approved in Khyber Pakhtunkhwa (KP), which will produce PKR 371 billion economic activity and 64,000 jobs.<\/li><\/ul>\n\n\n\n<p><strong>Read: <\/strong><a href=\"https:\/\/www.zameen.com\/news\/fbr-file-tax-returns.html\" target=\"_blank\" rel=\"noreferrer noopener\">FBR issues tax notices to corporate housing schemes to file returns<\/a><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>PKR 175 billion projects were permitted for Islamabad, creating 104,000 jobs<\/li><li>PKR 267 billion projects in Sindh will generate PKR 1,300 billion economic activity with 200,000 jobs.<\/li><\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: Minister of State for Information and Broadcasting Farrukh Habib on Thursday stated that the revival of construction sector has improved economic activity in the country and raised investment of PKR one trillion, media sources reported. Read: Three-day construction, allied industries\u2019 exhibition planned for twin cities Prime Minister (PM) Imran Khan has announced a special package for the construction sector, which includes exemption from the Federal Board of Revenue (FBR) and a decrease in fixed taxes. This package was introduced to mitigate the negative impact of the COVID-19 lockdown. Furthermore, the government has approved various construction projects totalling PKR 1,000 billion, including PKR 491 billion in projects registered under the FBR&#8217;s exemption scheme. According to\u00a0Mr Farrukh,\u00a0the thriving construction industry would have a multiplier effect on over 120 allied industries. As a result, it would generate PKR 100 billion in economic activity and 700,000 employment opportunities in the country. The details of the projects are as follows: PKR 373 billion worth of 24,404 investment projects were approved in Punjab. It is expected to generate PKR 1,900 billion in economic activity and create 325,000 job opportunities in the province. PKR 74 million projects were approved in Khyber Pakhtunkhwa (KP), which will produce&hellip;<\/p>\n","protected":false},"author":83,"featured_media":64102,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[20385],"tags":[47177,47181,27497,47182,47178,47179,47180],"persona":[],"class_list":{"0":"post-78309","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-development-projects","8":"tag-construction-sectors-revival-boosted-economy","9":"tag-boost-in-economic-activity","10":"tag-construction-industry","11":"tag-fbr-exemption-scheme","12":"tag-fetched-pkr-1-trillion-investment","13":"tag-investment-in-construction-sector","14":"tag-revival-of-construction-sector","15":"cat-20385-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 sector&#039;s revival boosted economy- Zameen News<\/title>\n<meta name=\"description\" content=\"Minister of State for Information and Broadcasting Farrukh Habib on Thursday stated that the revival of construction sector has improved economic.....\" \/>\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\/construction-sector-boosted-economy.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Construction sector&#039;s revival boosted economy- Zameen News\" \/>\n<meta property=\"og:description\" content=\"Minister of State for Information and Broadcasting Farrukh Habib on Thursday stated that the revival of construction sector has improved economic.....\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/construction-sector-boosted-economy.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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