- Home
- Business
- News
- Islamabad Chamber of Commerce and Industry hails Prime Minister package for real estate sector
Islamabad Chamber Of Commerce And Industry Hails Prime Minister Package For Real Estate Sector
Muhammad Irfan Published April 09, 2020 | 06:15 PM
Islamabad Chamber of Commerce and Industry (ICCI) Senior Vice President Tahir Abbasi Thursday said Prime Minister Imran Khan had met a longstanding demand of realtors by announcing a relief package for construction sector besides giving it industry status for which the community of realtors was thankful to him
ISLAMABAD, (UrduPoint / Pakistan Point News - 9th Apr, 2020 ) :Islamabad Chamber of Commerce and Industry (ICCI) Senior Vice President Tahir Abbasi Thursday said Prime Minister Imran Khan had met a longstanding demand of realtors by announcing a relief package for construction sector besides giving it industry status for which the community of realtors was thankful to him.
He expressed these views while talking to a delegation that called on him, led by Traders Action Committee Secretary Khalid Mehmood Chaudhry. Muhammad Aslam Khokhar, Yasir Jameel, Ikram Abbasi and others were in the delegation.
Tahir Abbasi said due to Covid-19 pandemic, business activities of almost all sectors had come to a halt due to which large number of daily wagers and other workers had become unemployed.
He said at these difficult times, announcing a relief package for construction industry was a highly welcome decision as it would provide jobs to a lot of jobless workers, boost business activities and yield beneficial results for the dwindling economy.
ICCI senior vice president said attractive incentives had been given to investors for investing in construction projects under Naya Pakistan Housing Authority that would accelerate the pace of construction works under this programme.
He said steel and cement were integral part of the construction industry and urged that the government should also lift withholding taxes from these two sectors as it had lifted for other sectors of this industry.
It would bring down the cost of construction projects and ease the difficulties of people in building their own houses.
Tahir Abbasi said business of over 40 allied industries was linked with construction industry and providing tax relief to it would give boost to all its related industries.
He said setting up Construction Industry Development board would pave the way for better growth of construction industry.
He hoped that PM's relief package for construction industry would revive the stalled business activities in the country and reduce poverty as well.
Related Topics
Recent Stories
Punjab CM inaugurates Pakistan’s first Virtual Women Police Station
Dutch model Donny Roelvink embraces Islam
Experts raise concerns over introduction of 10-stick packs
Iranian president arrives in Karachi
Law Minister expresses Govt's resolve to address issue of missing persons
Rizwan’s batting order may be changed: Sources
Nawaz Sharif to visit Guangzhou exhibition in China
FM Dar not traveling to China: Foreign Office
PM takes notice of deliberate delay in tax cases
Iranian President visits Allama Iqbal’s mausoleum
Iranian President arrives in Lahore today
Currency Rate In Pakistan - Dollar, Euro, Pound, Riyal Rates On 23 April 2024
More Stories From Business
-
Afghan trade delegation, FPCCI discuss bilateral trade
3 hours ago -
With knowledge economy, Mauritius is a stable economy: Envoy
3 hours ago -
Aurangzeb reiterates govt's resole to reduce poverty, promote sustainable development
4 hours ago -
Finance minister meets Chairman Anjuman-e-Tajran; discuss issues of business community
4 hours ago -
Govt ensuring digital access as fundamental right: Ahsan Iqbal
5 hours ago -
WHO delegation calls on Chairman FBR
5 hours ago
-
Bill drafted to regulate veterinary sciences and animal welfare: Tanveer
5 hours ago -
General Motors lifts 2024 profit forecast after strong Q1
5 hours ago -
Pakistan aims to reach $3 trillion economy by 2047: Ahsan Iqbal
6 hours ago -
Digital technologies play significant role in economic growth: Shaza
6 hours ago -
Experts raise concerns over introduction of 10-stick packs
7 hours ago -
SACM directs making technical institutes as skill imparting centres
7 hours ago