FLASHNEWS:

Mr. Hamza Khalid appointed as Chairman Construction Committee at PCJCCI

Lahore, August 15, 2022 (PPI-OT): The renowned business leader Mr. Hamza Khalid, Director Ittefaq Group, has been appointed as Chairman Construction Committee of Pakistan China Joint Chamber of Commerce and Industry (PCJCCI) yesterday at the PCJCCI secretariat. It was announced in a meeting conducted by Mr. Wang Zihai, President PCJCCI and Mr. Ehsan Choudhry, Senior Vice President PCJCCI among the other office bearers.

Mr. Wang Zihai, President PCJCCI said that in order to nurture the construction industry of Pakistan, China had planned to inculcate modern trends of construction and housing among the common masses. With the involvement of general public, he added, the trends and standards of modern construction would start to reflect in other segments of society. He further added that PCJCCI could act as a bridge in initiating joint ventures in this sector.

Mr. Ehsan Choudhry, Senior Vice President PCJCCI said that Iteffaq Group is one of the well-known groups that are currently working in Pakistan and is functioning as a key that unlocks versatile solutions for building, designing and creating innovative products and services that meets changing market dynamics in a cost effective way. I hope that Mr. Hamza Khalid add value to PCJCCI by initiating Joint Ventures between China and Pakistan.

Mr. Hamza Khalid, Chairman Construction Committee PCJCCI shared his views by saying that in Pakistan construction sector is estimated to expand by a staggering 92 percent in seven years from Rs1,409 billion in FY2021 to Rs2,706 billion by FY2029, at an annual rate of 11.8 percent, mainly on the strength of infrastructure and housing projects.

He added that the housing and construction sector has been identified by the government of Pakistan as the driver of economic growth that is quite encouraging for foreign investors. This sector has a gigantic impact on economy as millions of jobs can be generated during the chain reaction caused by the construction activity. Mr. Salahuddin Hanif, the Secretary General of PCJCCI, expressed warm wishes to the new Chairman of Construction Committee.

For more information, contact:
Media Manager,
Pakistan China Joint Chamber of Commerce and Industry (PCJCCI)
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Lahore, Punjab – Pakistan
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