Pakistan plans major overhaul of construction sector

The Pakistani federal government is planning a comprehensive reform package to overhaul the national construction industry. Led by Senator Ahad Khan Cheema, Minister for Economic Affairs and Establishment Division, the initiative aims to strengthen the sector and improve national standards through regulatory, operational, and financial reforms.

Key components of the proposed development package include the establishment of a Construction Industry Development Board (CIDB) to oversee industry standards, contractors, and consultants. The government is also evaluating the creation of a dedicated Construction Development Bank and considering targeted tax reforms, alongside the rationalization of import and export policies to encourage the adoption of modern technology.

The proposed CIDB would consist of representatives from both the public and private sectors, serving as a unified platform for sector development. The federal government intends to submit the framework to the Prime Minister for final approval.