Constructors Association of Pakistan (CAP) has expressed its serious concerns over delay in release of funds to the contractors of different ongoing development projects in the province. In a statement issued here Friday, CAP Vice Chairman (Punjab) Imran Abbas Awan said that contractors were facing financial hardships because of non-payment. He termed it as an economic exploitation of the contractors. He said liquidity crunch being faced by the contractors were also hampering the speed of different development projects. He hinted the delay in completion of these projects if financial problems of the contractors were not resolved immediately.
Copyright Business Recorder, 2017
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