Boom in housing sector to revive the economy: Secretary.

ISLAMABAD -- Federal Secretary, Ministry of Housing and Works Iftikhar Ali Shallwani Thursday said that boom in the housing and construction sector can turn around the economy, create more jobs and attract investment.

Giving an example of UAE, he said that Dubai was facing economic problems in 2008-09 and the construction of only one mega project 'Burj Khalifa' helped revive its economy. He said that many countries including Malaysia, Indonesia, China and Japan achieved better growth by focusing on the housing and construction sector, which showed its vital role in the economy.

He said this while addressing the pre-launch ceremony of the first International Housing Expo being organized by the Ministry of Housing and Works in collaboration with the Islamabad Chamber of Commerce and Industry under the theme 'Shelter for All' on Dec: 8-11, 2022 at Convention Centre, Islamabad. A large number of builders, developers and realtors are expected to attend the event.

Iftikhar Ali Shallwani said that the purpose of organizing the first International Housing Expo is to stimulate the business and economic activities and provide affordable housing to people. He said that the government wants to promote the housing sector with public-private partnership to address the housing needs of people. He said that housing is the fundamental right of every citizen and the government wants...