Construction sector booming

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LAHORE: With the China-Pakistan Economic Corridor (CPEC), a new era of construction has begun in Pakistan and it is high time that more Chinese investors explore the country for investment and joint ventures, said Mr Wang Zihai, president Pakistan-China Joint Chamber of Commerce and Industry (PCJCCI) on Thursday.

Meeting with a delegation of Chinese investors, he stressed that Pakistan’s construction sector was booming as many mega residential, industrial and commercial construction projects were underway in major cities.

The seven-member delegation of Shandong SKL International Trade Limited, led by Mr Shanfeng Xu, expressed its desire to construct an energy efficient mega-project on modern lines in Lahore.

Mr Xu said China is keen to develop infrastructure facilities in Pakistan.

The delegation noted that construction style in Pakistan was conventional and energy inefficient. Using highly efficient technology, Pakistan could save construction and energy costs massively, they opined.

Faheem Khan informed that housing and construction sector has been identified as the driver of economic growth by the government and this was quite encouraging for foreign investors.