Sindh Government has decided to develop residential colonies for the residents of the poor scattered across the metropolis. This was stated by Abdur Rauf Chaudhry, Secretary, Federal Ministry for Housing and Works while addressing "3rd Bulid ASIA 2007: International exhibition and Conference" which was organised by E-commerce Gateway Pakistan (Pvt) Ltd here at Expo Centre on Tuesday.
Muhammad Al Falasi, Managing Director, EMAAR Properties Pakistan and Nasreen Jalil, Naib Nazim Karachi also addressed the event. Abdur Rauf Chaudhry said that the government had formulated housing policy to promote construction industry in the country. The construction industry is a vital sector for economic growth and effects more than 40 other industries, he added.
He further said that government had promoted construction industry with collaboration of private investors to provide better housing scheme to public besides enhancing better job opportunity for locals. He emphasised organisers to arrange such more events, which would help launching joint ventures between all stakeholders. Such international events also prove helpful in bringing foreign investments in the construction sector, he added.
Private and public sector investment will help to make construction industry stronger, he added. Meanwhile Syed Mustafa Kamal, City Nazim Karachi formally inaugurated the exhibition.
Speaking on occasion, he said that government was focussed on improvement of law and order situation in the city to attract the investors from around the globe. After completion of ongoing mega projects the cosmopolitan would achieve a significant position in the ranks of the world's developed cities in the next couple of years, he added.
Muhammad Al Falasi said that the directives of federal government to facilitate foreign investors in construction sector would play ample role in the development of the country. He said that EMAAR was ready to share all expertise with Pakistan, adding that it never compromised on the quality.
"We are life style provider in hospitality, finance and education", he said and added that we should accept the innovation in construction world, stressing construction industry to go beyond their boundaries to enhance its expertise and urged to adopt latest trends and equipment for best practices.
EMAAR is considering a plan to provide more job opportunities to locals, he said, adding that event would pose to be an optimum platform for the construction and building giants of world-wide to gather under one roof.
Nasreen Jalil said that 60 percent of total production of cement was being used in Karachi proving that mega projects of Karachi were being carried out at an accelerated pace.
She said that CDGK had started several housing schemes for middle and lower income classes. Some of the schemes have been completed like Shah Latif Town housing scheme, Taiser Town Housing Scheme, Malir Housing scheme and Hawksbay housing scheme while others are in pipeline, she added.
More than 100 international and domestic companies have displayed their products related to construction industry and 90 Furniture manufacturers were displayed furniture in the exhibition.
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