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Massive Package For Construction Industry To Be Announced Today

ISLAMABAD: Prime Minister Imran Khan has decided to reopen the construction industry gradually and a massive package will be announced today for its revival.

He made the announcement while addressing a ceremony in connection with the distribution of one hundred billion rupees tax refunds amongst the businessmen in Islamabad yesterday, Thursday.

He said we have decided to open up the construction industry and give it the necessary incentives in order to provide job opportunities to the people. He said this will also uplift the industries allied with the construction. He said that the construction of road infrastructure does not entail the danger of the spread of coronavirus.  He said necessary SOPs will also be developed to ensure the safety of the workers at the workplace.

Imran Khan said the commerce ministry has also framed a list of industries that can be opened in the current situation.

The Prime Minister expressed satisfaction that the trajectory of coronavirus in Pakistan is not like that has been witnessed in other countries. He was confident that Pakistan will able to overcome this problem. He stressed that people should avoid going to gatherings and adopt precautionary measures to stem the pandemic.

Imran Khan said promoting industries and giving incentives to the businesses is important to take forward the country. The refund of one hundred billion rupees to the business community today is part of that process. It is our utmost effort to ensure timely refunds to the business community so that they do not face any liquidity issue.

The Prime Minister said the ministry of commerce and industries is in constant touch with the business community as to how together we can overcome the challenge posed by a coronavirus.

Imran Khan said our weaker segments of the society are at greater risk owing to the pandemic. He said we are trying to reach out to them under the Ehsaas program. He said a cash grant of twelve thousand rupees each will be given to twelve million poor families to protect them from the negative impacts of coronavirus.

Speaking on the occasion, Adviser on Finance Hafeez Sheikh said the tax refunds will be paid in a week’s time. He said it is a historic step of the present government that it is clearing the outstanding sales tax refunds.

He said apart from the packages for the business community, we have earmarked two hundred billion rupees for the procurement of wheat in order to support the agriculture sector and the farmers.

Adviser on Commerce Razak Dawood said the government fully stands by the business community and is preparing a two hundred billion rupees package for it which will soon be announced. He said we will collectively overcome the coronavirus challenge.