ISLAMABAD – Prime Minister Imran Khan on Thursday said that construction sector played a key role to get Pakistan out of the economic crisis deepened due to the coronavirus pandemic.
He stated this while speaking during a weekly review meeting of high-priority economic sectors along with Special Assistant to the Prime Minister on National Security Division and Strategic Policy Planning Moeed Yusuf.
He said economic activities of around 1,500 billion rupees will be started in Punjab only, creating around 250,000 jobs as a result of massive package announced by the government for the construction sector.
He highlighted that so far construction projects worth Rs186 billion have been registered on the FBR portal, while work on projects worth Rs163 billion has already initiated.
Live Stream: Prime Minister of Pakistan @ImranKhanPTI announcement of important decisions regarding the construction sector (31.12.20)#PrimeMinisterImranKhan https://t.co/rFUjlC2TZJ
— Prime Minister's Office (@PakPMO) December 31, 2020
Imran Khan said banks have reserved Rs378 billion for December 2021 to help the construction sector, adding that a subsidy of Rs30 billion will be provided to low income people enabling them to get their own house under affordable housing scheme.
He said that loan subsidy at the interest rate of five and seven percent respectively will be available on houses of five Marla and above.
He said an automated approval regime has been introduced in the federal capital, Punjab, and Khyber Pakhtunkhwa for speedy approval to start a housing project.
He said land digitization in Karachi, Lahore, and Islamabad will be completed by August next year. Besides, record of state land in these cities is also being completed on priority basis, Radio Pakistan reported.
Pakistani rupee saw slight gains against US dollar in the open market on March 19, 2024, Tuesday.
In the open market, the US dollar was being quoted at 278.6 for buying and 281.45 for selling.
Euro remains unchanged at 303 for buying and 306 for selling while British Pound hovers around 356 for buying, and 359 for selling.
UAE Dirham AED saw slight changes and new rate stands at 75.7 whereas the Saudi Riyal new rates was 73.95.
Currency | Symbol | Buying | Selling |
---|---|---|---|
US Dollar | USD | 278.6 | 281.45 |
Euro | EUR | 303 | 306 |
UK Pound Sterling | GBP | 356 | 359 |
U.A.E Dirham | AED | 75.7 | 76.45 |
Saudi Riyal | SAR | 73.95 | 74.4 |
Australian Dollar | AUD | 182.7 | 184.5 |
Bahrain Dinar | BHD | 741.22 | 749.22 |
Canadian Dollar | CAD | 204 | 206.2 |
China Yuan | CNY | 38.73 | 39.13 |
Danish Krone | DKK | 40.69 | 41.09 |
Hong Kong Dollar | HKD | 35.63 | 35.98 |
Indian Rupee | INR | 3.36 | 3.47 |
Japanese Yen | JPY | 1.86 | 1.94 |
Kuwaiti Dinar | KWD | 903.77 | 912.77 |
Malaysian Ringgit | MYR | 59.25 | 59.85 |
New Zealand Dollar | NZD | 169.5 | 171.5 |
Norwegians Krone | NOK | 26.27 | 26.57 |
Omani Riyal | OMR | 723.7 | 731.7 |
Qatari Riyal | QAR | 76.57 | 77.27 |
Singapore Dollar | SGD | 206 | 208 |
Swedish Korona | SEK | 26.89 | 27.19 |
Swiss Franc | CHF | 315.26 | 317.76 |
Thai Bhat | THB | 7.76 | 7.91 |
Copyright ©2024. Reproduction of this website's content without express written permission from 'Daily Pakistan' is strictly prohibited.