FBR registers 1083 projects worth Rs340bn under construction package



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ISLAMABAD: The Federal Board of Revenue (FBR) has registered 1,083 projects worth Rs340 billion under the prime minister’s package for the construction industry.

The registered projects fulfil the given set of requirements by the board, including registration of taxpayers.

In addition, 292 projects worth Rs43 billion and yet to be approved due to being at different stages of preparation have also been registered by the authority.

The released data till May 6 shows a total of 3,851 buyers interested in purchasing properties by availing tax incentives for the construction sector

As per the new requirements of the FBR, all builders and developers must be registered on computer-based IRIS software of the FBR before or till June 30, 2021, and the projects should be completed before Sept 30, 2023.

To facilitate builders and developers and boost economic activities, the government extended the facility of non-disclosure of sources of income till June 2021 and the tax amnesty scheme till Dec 31, 2021.

The builders and developers, be it individuals, group of individuals, companies or a consortium, can avail the package for both, new and existing construction and development projects including commercial and residential projects.

The incentive package unveiled by Prime Minister Imran Khan generated construction activities, boosting the economy affected by the outbreak of COVID-19.

Along with the construction industry, the allied industries also reported positive growth, with the sale of cement surging by 57.24 per cent, production of billets and ingots in the steel sector was up by 57.65 per cent, and production of paints and varnishes increasing by 76.28 per cent, read data compiled by the Pakistan Bureau of Statistics (PBS).

 

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SECP registers 117 construction companies in April | Graana.com Blog



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ISLAMABAD: Securities and Exchange Commission of Pakistan (SECP) registered 117 construction companies in April along with 194 IT companies, 180 trading companies, 115 import and export companies and 110 consultancy companies. The companies’ total registration increased by 186 percent. 

According to SECP, total registrations were increased to 141,805, with 2,185 new companies registered in April alone. Of these, there were 220 foreigner users who registered from overseas, 99 percent registered online and 29 percent completed the  incorporation process the same day. 

The April incorporation included 29 percent single member companies, 67 percent private limited companies, and 4 percent were trade organisations, foreign companies, public unlisted companies not for profit associations, and limited liability partnerships. 

Foreign direct investment has been seen in 47 new companies. These companies have foreign investors from China, Netherlands, Hong Kong, USA, UAE, Greece, Saudi Arabia, Syria, UK, Turkey, Norway, Canada, Germany and Australia.

According to a statement issued by SECP, the growth in registration cases is a result of digitisation and simplification of processes that include speedy systems for name reservation and incorporation, minimal fees and facilitation from newly established business centres.

 

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How Robotics is Disrupting Construction Industry?


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Automation has almost taken over every industry, the phenomenon is changing the landscape of every economic sector and becoming a harbinger of efficiency. Owing to the advancement in technology, automation is seeping at a rapid pace thus changing the mode of operations of every industry. Against this backdrop, the construction industry is among the largest industries of the world however, it is still impervious to adopting new methods like robotics which can replace the role of human labour and opening the construction industry to new opportunities. To the extent the construction industry is adopting robotics, the conventional methods are being modified whereas at an advanced level even replacing manual labour.

Graana.com through this blog showcases how robots are transforming the construction industry.

 

Why Robotics?

It is estimated that by 2026, the automation of non-residential construction will ensure cost savings by 10 to 21%. Imagine, the volume of cost-saving if residential construction also adopts robotics. Robots in the construction industry are working on different levels and each robot has a different application of its own. For example, some robots are powered by Artificial Intelligence (AI) while some perform the function of 3D printing. Similarly, on-site robots are also transforming the landscape of the construction industry by introducing prefabricated structures.  

As every aspect of the world is transforming at a rapid pace the design and architecture industry is also undergoing rapid transformation. A report published by Microsoft highlighted that the operations of architecture organisations have altered over time due to the digitalisation of architecture. Furthermore, with the introduction of Building Information Modelling (BIM), the role of robotics in the construction industry is increasing day by day. BIM is a 3D digital representation of physical aspects of the building. This technology gives liberty to the architects to make amendments to their layouts, and reduce the construction costs before the initiation of a real estate project. Moreover, the evolution in architecture designs is leading to complex structures which either become time-consuming or difficult to be implemented by manual labour. As assistance, innovation, and the convenience of manual labour robots are emerging as a useful source.

 

Classification

Robotics in the construction industry is classified into hard and soft robots. Hard robots mostly pertain to those automated machines which are less autonomous and are employed in the creation of massive civil infrastructures and house construction. For example bricklaying automated machines, road pavers, and column welding machines.

On the other hand, soft robots are sensory data acquisition devices that are more sophisticated and are tools for Computer Integrated Construction (CIC). The soft robots involve software integration, Virtual Reality systems, and sensory data acquisition devices. Both hard and soft robots have their application in the construction industry and give a new meaning to on-site construction work.

Robotics are impacting the construction sector in the following ways

 

Reducing Cost

The foremost impact of robotics in the construction sector is observed in the form of cost reduction. Every builder or developer tries to bring about efficiency while managing the cost of real estate projects in a planned manner. Thus, on-site construction robots are replacing manual labour which is helping the project developers to channelise the budgets or wages on other aspects of construction. Similarly, the robots employed for the construction of buildings use fewer building materials as compared to the conventional techniques of construction. 

 

Increasing Efficiency

The robots in the construction industry are minimizing human error and increasing efficiency on the construction sites. It is because the duration of robots is less than that of manual labour which increases efficiency without compromising on the quality. Different robot manufacturers are specifically developing robots for bricklaying, assembling of large components, and off-site development of building components for enhancing the quality and reducing the time duration.  Furthermore, some devices perform the function of 3D scanning which is used for validating construction designs.

 

3D Printing

Graana.com has dedicated a full blog on 3D printing and its impact on the construction sector. The construction sector across the globe has started to incorporate robots that can perform the function of 3D printing. Therefore, 3D printers using BIM as input is creating complex building designs with more efficiency and reduced construction costs. Similarly, complex architecture layouts are becoming a reality with the incorporation of 3D printers in the construction sector. It is estimated that 3D printing in the construction industry can reduce construction waste by 30-60%.

 

Exoskeletons

An exoskeleton is a robotic suit built to enhance the performance of labour. These exo-suits are developed to enhance the efficiency of labour by giving them robotic strength. Exoskeletons are developed with the motive of assisting the labour in tasks that cannot be performed by human strength. This technology is still in its initial phases and gives a labourer the robotic strength to perform strenuous functions.

 

Safe Environment

Similarly, robots in construction are also promoting a safe environment at construction sites. The construction sites involve manual labour and labour-intensive work; thus, making construction sites more prone to injuries and health-related issues. Such unforeseen circumstances cause the work to stop intermittently resulting in project delays. 

Another aspect of automation of the construction sector through robots is that it is also in line with the environment-friendly practice since vehicular moment at the construction site is reduced significantly which results in the reduction of environmental pollution.

 

For news and blog, visit Graana.com. 

 

 




KMC forms committee to issue Fire Brigade NOC before construction of high-rise buildings


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KARACHI: A six-member committee headed by Legal Adviser Azra Muqeem has been formed by the Karachi Metropolitan Corporation (KMC) to issue a No Objection Certificate (NOC) from the Karachi Fire Brigade Department before the construction of a high-rise building.

The other member of the committee includes Representative of Finance Advisor, Ghulam Murtaza, Director Estate Imtiaz Abro, Director MUCT Nayab Saeed, Director Land Tariq Siddiqui and Humayun from Fire Brigade, who will also work on policy formulation.

The NOC will be issued after the authority is ensured of all the necessary fire extinguishing equipment installed in the buildings, informed Administrator Karachi Laiq Ahmed.

The relevant authorities will fix a set fee for the issuance of the certificate to ensure transparency.

 

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Construction work of Hoshab-Awaran road underway


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ISLAMABAD: Chairman of the China-Pakistan Economic Corridor (CPEC) Authority retired Lt-Gen Asim Saleem Bajwa stated that the 146 kilometre Hoshab-Awaran project was fundamental part of the central wing of the CPEC project which is expected to connect the Sindh province with the Gwadar Port. 

As per the details, the project is crucial for the development of road network in Baluchistan and its overall connectivity with the rest of the country. It will cost Rs 20 billion and will be completed in three years. 

CPEC Authority chairman, through a tweet on twitter, shared that 60 percent of the work was completed in the Basima-Khuzdar road project while construction work on Hoshab-Awaran road was launched. 

The tweet read: “#CPEC:South Balochistan roads in focus. Basima-Khuzdar Road Progress60%. Hoshab-Awaran Road const started. Will improve Gwadar’s connectivity with North. PM’s vision of uplifting remote areas specially South Bln being realised. #CPECMakingProgress #Pakistanmovingforward.”

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