AGL 38.40 Decreased By ▼ -0.08 (-0.21%)
AIRLINK 194.03 Decreased By ▼ -8.99 (-4.43%)
BOP 9.79 Decreased By ▼ -0.38 (-3.74%)
CNERGY 6.19 Decreased By ▼ -0.35 (-5.35%)
DCL 8.90 Decreased By ▼ -0.68 (-7.1%)
DFML 37.30 Decreased By ▼ -2.72 (-6.8%)
DGKC 95.25 Decreased By ▼ -2.83 (-2.89%)
FCCL 34.80 Decreased By ▼ -0.16 (-0.46%)
FFBL 83.94 Decreased By ▼ -2.49 (-2.88%)
FFL 13.30 Decreased By ▼ -0.60 (-4.32%)
HUBC 123.75 Decreased By ▼ -7.82 (-5.94%)
HUMNL 13.51 Decreased By ▼ -0.51 (-3.64%)
KEL 5.14 Decreased By ▼ -0.47 (-8.38%)
KOSM 7.10 Decreased By ▼ -0.17 (-2.34%)
MLCF 44.24 Decreased By ▼ -1.35 (-2.96%)
NBP 60.70 Decreased By ▼ -5.68 (-8.56%)
OGDC 212.00 Decreased By ▼ -8.76 (-3.97%)
PAEL 37.85 Decreased By ▼ -0.63 (-1.64%)
PIBTL 8.34 Decreased By ▼ -0.57 (-6.4%)
PPL 188.90 Decreased By ▼ -8.98 (-4.54%)
PRL 39.25 Increased By ▲ 0.22 (0.56%)
PTC 24.60 Decreased By ▼ -0.87 (-3.42%)
SEARL 104.51 Increased By ▲ 1.46 (1.42%)
TELE 8.40 Decreased By ▼ -0.62 (-6.87%)
TOMCL 35.75 Decreased By ▼ -0.66 (-1.81%)
TPLP 13.80 Increased By ▲ 0.05 (0.36%)
TREET 23.49 Decreased By ▼ -1.63 (-6.49%)
TRG 55.00 Decreased By ▼ -3.04 (-5.24%)
UNITY 32.70 Decreased By ▼ -0.97 (-2.88%)
WTL 1.58 Decreased By ▼ -0.13 (-7.6%)
BR100 11,565 Decreased By -324.8 (-2.73%)
BR30 35,922 Decreased By -1434.5 (-3.84%)
KSE100 107,794 Decreased By -3276.1 (-2.95%)
KSE30 33,862 Decreased By -1046.6 (-3%)

The announcement of a comprehensive construction promotion package by prime minister Imran Khan is a decision in the right direction. Elevating this sector's status to an industry would certainly attract more investors and an increased economic activity in relation to construction's allied or auxiliary sectors such as those relating to cement, paints and woodworks. The supply-demand chain created by this development will augur well for the economic prospects of the country. The objective of Prime Minister Imran Khan's construction package effective 14 April is said to be clearly aimed at providing jobs to thousands if not millions of unemployed unskilled and low-skilled labour. The government, in my view, seems to have tried to strike a "delicate" balance between economic output that is directly linked to job creation and the Coronavirus-related risks to human lives. The construction industry will be required to observe all the required SOPs in order to ward off the Coronavirus spread. Any complacency or dereliction in this regard will adversely impact that "delicate" balance. Hence, the need for taking all the required steps aimed fuelling economic activity without contributing to the number of rising positive coronavirus cases in the country.

Copyright Business Recorder, 2020

Comments

Comments are closed.