Pakistan News Service

Saturday May 30, 2020, Shawwal 7, 1441 Hijri
Pakistan News Home -> Top -> News Details

Govt welcome foreign investment with modern technology: Imran Khan

19 September, 2019

  Related News  
Imran Khan distributed loan cheques under Kamyab Jawan Programme
PTI govt to face all challenges coming its way: Imran khan
  More on this View All

FAISALABAD: Prime Minister Imran Khan Wednesday said his government will welcome foreign investment with modern technology to bring improvement in the lives of common man.

Addressing the groundbreaking ceremony of a plant for easy prefabricated homes by leading Chinese company Henan DR Construction Group in Faisalabad, held at PM House, he said prefab construction is the best option for low-cost and quicker housing set-up.

The Chinese group during an earlier meeting with Prime Minister Imran Khan during his official visit to Beijing had decided to invest in Pakistan and transfer the technology to manufacture prefab houses in the country to meet export and domestic demands.

The prime minister said the cost of prefabricated houses was typically cheaper and faster than the traditional construction and mentioned that similar projects were a success in Turkey and India.

He said prefabricated houses will be constructed in big cities like Lahore, Karachi and Islamabad to provide the population cheaper accommodation and would also help replace shanties in slums. He mentioned that construction of prefabricated houses and flats takes only a few months as compared to the cemented construction that usually takes up to four years.

PM says prefabricated houses will be constructed in Lahore, Karachi and Islamabad to provide people with cheaper accommodation

The prime minister said besides housing, the agriculture is another priority for the government as 25 percent of the GDP is connected with this sector. He said increasing productivity of agriculture through modern techniques will help address poverty in rural areas. He said Board of Investment, the Ministry of Commerce and other relevant departments are taking steps to facilitate foreign businessmen to encourage investment.

The prime minister lauded the efforts of Chinese Ambassador Yao Jing towards strengthening Sino-Pak relations, particularly for encouraging Chinese investors to explore Pakistan’s diverse areas.

China’s ambassador to Pakistan Yao Jing said China will continue facilitating the Pakistan government in areas related to economic development. He said in view of Prime Minister Imran Khan’s people-centric vision, the Chinese government has decided to provide assistance to his development projects of Naya Pakistan.

Chairman Henan DR Construction Group Huang Daoyuan said his company will set up factory of building prefabricated material in Faisalabad’s Special Economic Zone. He said the manufacture of pre-fab houses in Pakistan will help the country earn foreign exchange through export of construction material and would also meet the domestic demands.

 What do you think about the story ? Leave your comments!

Heading (Optional)
Your Comments: *

Your Name:*
E-mail (Optional):
City (Optional):
Country (Optional):
Field marked(*) are mandatory.
Note. The PakTribune will publish as many comments as possible but cannot guarantee publication of all. PakTribune keeps its rights reserved to edit the comments for reasons of clarity, brevity and morality. The external links like http:// https:// etc... are not allowed for the time being to be posted inside comments to discourage spammers.

  Speak Out View All
Military Courts
Imran - Qadri long march
Candid Corner
Exclusive by
Lt. Col. Riaz Jafri (Retd)
Pakistan itself a victim of state-sponsored terrorism: Qamar Bajwa
Should You Try Napping During the Workday?
Suggested Sites