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2 clusters · 3 sources · 12 days · First seen · Last updated

Pakistan construction sector reform initiative

Overview

The Pakistani federal government is planning a comprehensive reform package to overhaul the national construction industry. Led by Minister for Economic Affairs and Establishment Division, Senator Ahad Khan Cheema, the initiative seeks to 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 framework is intended for submission to the Prime Minister for final approval.

Entities

Pakistan · Bilal Azhar Kayani · World Bank · Sui Northern Gas Pipelines Limited · Ali Pervaiz Malik

Timeline

  1. 27 days ago

    [BUSINESS] 3 sources
    Pakistan plans major overhaul of construction sector

    Pakistan is planning a major overhaul of its construction sector, including a new regulatory board, potential development bank, and tax reforms to improve industry standards and capacity.

  2. about 1 month ago

    [BUSINESS] 4 sources
    Pakistan approves gas sector deregulation roadmap

    Pakistan's government, backed by the World Bank, finalised a gas sector deregulation roadmap that will unbundle Sui companies, revamp subsidies and shift to market‑clearing pricing.

Sources

bolnews.com · dailytimes.com.pk · islamabadpost.com.pk