Prime Minister Imran Khan had been giving hopes to the nations for the national development by creating the jobs, and providing the shelters to the poor populations, during his party’s campaign for general elections 2018. Since holding the office, he has been trying to strategize the policies to fulfil his promises with the nation. Finally, PM Khan announced the incentives for the construction sector of the county. No doubt, such a giant enticement would help to create move jobs for unskilled, semi-skilled and skilled worker, and would revive the country’s economy.
Besides playing the pivotal role in infrastructural development, the Construction industry also improves the well-being of the nation through good & services. It is to be considered as the key driver of the country’s infrastructural development. Studies suggest that the construction sector’s output have a significant shares of 40-60% in the country’s gross fixed capital and have linkages with the 60+ other industries. In the age of globalization, without wide infrastructural development, the country can’t contain and maintain linkages with the international markets. The Economic Survey of Pakistan’s report reveals that the construction activity within the country has declined by 7.57 percent. The PM Khan’s time to incentivize the construction sector would help in the country’s overall growth and development.
Contemporary, Pakistan is facing two main challenges i.e. economic crises and the COVID-19. The later has disrupted all the economic and trade activates across the globe. With the closure of borders for any activity, the economic crises in the county like Pakistan became more complex and severe. PM Khan’s timely announcement at-least stimulate the nation to hope for the better and prosperous future. Incompetent contractors, delay in procurements, delay in payments, inaccurate costestimates, in-accurate project schedule, in-competent project team, lack of project planning,in-competent project manager, delays in providing site access to contractors, uneven cash flows and delays in the designing phase are some of the highlighted issues in the development of construction sectors in Pakistan. However, these challenges can be overcome by imparting the latest skills to workers and students,using digital tools for manufacturing, design and assembly, eliminating the corrupt trends& practices in the industry, improving land regulation and digitalising building control standardise and building laws. For this, Pakistan’s administrations need to draft firm policies that help the country to foster the fruit of the given relaxation to the construction industrialists.
Either it is the sessions of parliament or the press conferences, the opposition parties in Pakistan, target the PM Khan’s government due to catastrophe in the system, flaws in governance and declining trends in the economy. Although, in the initials years, the current government in Pakistan could not provide much to the nations-particularly in the development sector. However, one needs to understand that even in the developed countries, the governments and the leaders take time to fulfil their promises. PM Khan still remember his commitment to the nation and trying to deliver the best as per the country’s capacity. However, earlier, initiating KamyabJawan, The Ehsaas Amdan (Income) programmeand announcing a multibillion PM’s relief package during the COVID-19, are also the reflections of the leader’s visionary & longstanding efforts.It doesn’t mean to declare ‘Everything is fine’ in Pakistan, however affirming ‘Pakistan; Heading towards Prosperity’ is due.
To conclude, although, encouraging the investors in construction industry would help the to uplift the living standards of the populations, but the projects would need strong firm affirmation and commitments from all the stakeholders, as initiating a project never been a problem in Pakistan but the administration and management’s combine efforts and firm policies.