PC forms Task Force on reforms in construction sector

ISLAMABAD: The Planning Commission on Tuesday constituted a task force on reforms in the construction industry.
The task force will focus on private sector-led growth in the construction sector, especially with the onset of a construction boom expected in the wake of the China-Pakistan Economic Corridor. Minister for Planning, Development and Reforms Ahsan Iqbal will head the newly formed committee that will be taking various initiatives for the revival of construction industry.
The Secretary Planning Commission will act as the Deputy Chairman and the task force will be working under the technical guidance of Malik Ahmad Khan, Member Infrastructure and Regional Connectivity.
This development will help deal with major problems by regulating the industry and bringing about monitoring and control in the sector. By doing so, the growth rate of the industry is expected to increase on an exponential scale, creating jobs, developing human capital, improving business environment, bringing stability and encouraging small and medium industry stakeholders to partake.
The Vision 2025 goes hand-in-hand with the government’s strategy to help the country boost its economic growth, and the formation of this task force will help streamline this strategy. As a result we can expect improved working standards in the construction industry, which will inherently bring about stability and growth in the construction sector.
Malik Ahmad Khan, Member (I&RC) laid emphasis on the industry’s importance and stated, “the construction industry is a key enabler of economic growth since our analysis has suggested that up to 60 other industries are impacted by growth in the construction sector. We want to take steps to encourage public-private partnerships in public sector infrastructure, attract private equity and also overhaul the regulatory environment for clients, consultants and contractors.”
This Task Force will comprise of high level public sector officials as well as specialists from the private sector - the committee will hold regular meetings at the Ministry of Planning, Development and Reform to discuss focal matters, long-term planning, develop policies among several other processes.