Islamabad
The major construction association Tuesday vowed to construct 500,000 new houses in four major cities in the country during the next two years. The houses would be built in four major cities including Karachi, Hyderabad, Islamabad and Lahore, they said. “We have completed our market study and acquired land and industrial players would start construction of houses to complete in next two years,” Chairman Association of Builder and Developers (ABAD) Mohsin Seikhani told APP here. hairman Abad said, “We would provide these houses on affordable rates of Rs 3 to 2.4 million in two different categories for middle class families for giving them good residential facilities in major cities. He said that this big project initiated by ABAD would not only start business activities but would also provide employment opportunities to the skilled and unskilled laborers in the country. Mohsin also hailed the government’s tax relaxation decision for the construction industry, which he said would promote growth momentum. He said that government had already declared the sector as an industry as it had huge demand of up to 70 associated industries. Chairman ABAD said that now the construction sector acquired the status of industry which would have positive impact on country’s economic health and also enhance economic growth.—APP
