Construction sector supporting 32 allied industries, providing jobs of millions: Mian Zahid Hussain.

KARACHI -- President Pakistan Businessmen and Intellectuals Forum (PBIF), President All Karachi Industrial Alliance (AKIA), Senior Vice Chairman of the Businessmen Panel of FPCCI and former provincial minister, Mian Zahid Hussain on Friday said construction industry once considered recession-proof is nose-diving due to host of reasons.

This sector should be revived through intervention as it is supporting GDP, 32 allied industries and providing jobs to millions, he said. Mian Zahid Hussain said that the evergreen industry is struggling because of taxes, increasing prices of raw material and FATF. Talking to the business community, the veteran business leader said that growing poverty has also damaged this sector while the government's promise to construct five million houses is yet to see the light of the day due to financial difficulties. The former minister noted that the private sector should come forward to resolve the issue of scarcity of houses in the country which will also propel economic activities. He said that the construction and property sector is also facing an issue of proper regulation which encourages black sheep to cheat...