Lahore: The construction industry, deemed vital for Pakistan's economic revival, has the potential to unlock $100 billion in investments and create millions of jobs. This was emphasized by Nazir Hussain, President of the Pakistan China Joint Chamber of Commerce and Industry (PCJCCI), during a think tank session at the PCJCCI Secretariat.

According to a statement by Pakistan China Joint Chamber of Commerce and Industry, Hussain highlighted the industry's impact on 72 interconnected sectors, stressing the need for supportive government policies. Tax reductions, affordable mortgage schemes, and streamlined regulations are seen as essential steps to foster growth and attract significant investments.

Brig. Mansoor Saeed Sheikh (Retd), Senior Vice President of PCJCCI, pointed out that the China-Pakistan Economic Corridor (CPEC) offers a unique chance to rejuvenate the construction sector. As a central component of the Belt and Road Initiative, CPEC is expected to enhance infrastructure development, increase foreign direct investment, and introduce new technologies.

Zafar Iqbal, Vice President of PCJCCI, noted that a revitalized construction sector would stimulate industries such as cement, steel, ceramics, and real estate. The interconnection among these industries could create a multiplier effect, bolstering Pakistan's economic resilience.

Salahuddin Hanif, Secretary General of PCJCCI, emphasized that reviving the construction industry is a national imperative. He called for collaboration among policymakers and industry stakeholders to implement reforms and capitalize on opportunities presented by CPEC, aiming for a robust and sustainable economic future for Pakistan.