Business

PM to announce package for construction industry tomorrow

PM to announce package

PM to announce package for construction industry tomorrow.

Prime Minister Imran Khan dislcose his intention while addressing a ceremony in connection with distribution of Rs100 billion tax refunds amongst the businessmen in Islamabad on Thursday.

He said federal government would announce a massive package for the construction industry on Friday.

PM to announce package

The package aims to maintain the economic activity that remains important to deal with the coronavirus challenge.

He said we have decided to open the construction industry and give it the necessary incentives in order to provide job opportunities to the people.

PM Khan said this will also support the uplift of the industries allied with the construction.

He said that the construction of road infrastructure does not entail the danger of the spread of coronavirus. 

Moreover, he said necessary SOPs will also be developed to ensure the safety of the workers.

Opening of industries

The Prime Minister said the commerce ministry has also framed a list of industries which can be opened in the current situation.

He  expressed satisfaction that trajectory of coronavirus in Pakistan is not like that has been witnessed in other countries.

He expressed confidence that Pakistan will able to overcome this problem.

PM Khan said promoting industries and giving incentives to the business is important to take forward the country.

The refund of one hundred billion rupees today to the business community 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 pose by coronavirus.

He said our weaker segments of the society are at greater risk owing to the pandemic.

PM said we are trying to reach out to them under Ehsaas program. He said a cash grant of Rs12000 each will be given to twelve million poor families to protect them from the negative impacts of coronavirus.

Rs100bn tax refund within week

Meanwhile, Adviser on Finance Hafeez Sheikh also spoke. 

He asured completion of payment of tax refunds amounting Rs100 billion in a week time.

Sheikh called it a historic step of the present government that it is clearing all the outstanding sales tax refunds.

He said apart from the packages for 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.

GTV

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