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From Real Estate History

28 October

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2 Historical Event found for 28 October
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28 October 1895

First Steel-Frame Skyscraper Construction Revolution

First Steel-Frame Skyscraper Construction Revolution

On October 28, 1895, the construction industry's widespread adoption of steel-frame technology enabled the first generation of modern skyscrapers, fundamentally transforming urban development worldwide. This engineering breakthrough allowed buildings to reach unprecedented heights, revolutionizing architectural possibilities and establishing new standards for commercial construction. The steel-frame method dramatically reduced construction costs for tall structures while enabling more flexible interior designs and faster project completion times. This technological advancement initiated the era of vertical urban growth, concentrated commercial districts, and transformed city skylines globally, creating the foundation for contemporary high-rise construction techniques that continue to evolve with modern materials and engineering innovations.

▪ Reference(s):

Historical Construction Archives, Urban Development Records
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4
2

28 October 2020

Pakistan's Construction Sector COVID-19 Recovery Package

Pakistan's Construction Sector COVID-19 Recovery Package

On October 28, 2020, Pakistan implemented a comprehensive COVID-19 recovery package specifically targeting the construction sector to stimulate economic revival amid the pandemic. The government initiative included tax incentives, subsidized financing, streamlined approval processes, and legal protections to accelerate construction activity and generate employment. This targeted policy intervention successfully mobilized the construction industry, creating thousands of jobs and driving economic activity during a challenging period. The package demonstrated how strategic sector-specific stimulus measures could effectively counter economic downturns while addressing critical infrastructure and housing needs. The construction-focused recovery approach became a model for economic revitalization that balanced immediate employment generation with long-term development objectives.

▪ Reference(s):

Government of Pakistan Economic Policy, Construction Industry Reports
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6

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