- Home
- Business
- News
- Private sector must be encouraged to provide houses at affordable rates: Mian Adrees
Private Sector Must Be Encouraged To Provide Houses At Affordable Rates: Mian Adrees
Mohammad Ali (@ChaudhryMAli88) Published December 10, 2024 | 11:11 PM
Pakistan is facing an acute shortage of residential units and the government must encourage the private sector to provide houses with modern facilities and at affordable rates to the general public, said Mian Muhammad Adrees, former President FPCCI and FCCI
FAISALABAD, (UrduPoint / Pakistan Point News - 10th Dec, 2024) Pakistan is facing an acute shortage of residential units and the government must encourage the private sector to provide houses with modern facilities and at affordable rates to the general public, said Mian Muhammad Adrees, former President FPCCI and FCCI.
Addressing the first meeting of FCCI Standing Committee on Real Estate Developers, he stressed the need for immediate vacation of stay order against Faisalabad Master Plan which has almost stalled most of the construction activities. He said that two cases are pending before LHC and its petitioners as well as stakeholders must take a unified stand and make collective efforts for the final disposal of the pending cases. About intra court appeal, he said that the same judge should decide the case who has heard the case. “Its transfer to any other judge may create unnecessary delay and legal complications”, he added.
Mian Muhammad Adrees said that CEO FESCO, MD WASA and Commissioner PRA should be invited from the platform of FCCI to amicably settle the conflicting issues with these departments. He said that FDA and WASA are imposing heavy fines on developers, hence a letter should be written to the legal team of FDA that under which law and ratio, developers are being fined.
He further demanded that the procedure for the approval of new housing schemes may be made simple and easy so that people could construct their own houses without any hassle. He further said that the minutes of this meeting should also be shared with all participants.
Muhammad Yaseen Convenor FCCI Standing Committee said "Our full focus should be on the restoration of the master plan so that the stuck up works should be restarted." He said that in this connection a meeting with DG FDA is scheduled for tomorrow. He requested Mubashir Chaudhary to apprise the house about the legal implications regarding the master plan. He said that an office of the developers association would be set up in FCCI complex which would look after the collective issues of the developers in addition to hiring the services of an attorney.
The meeting was also attended by Director General FDA Muhammad Asif Chaudhary, Muhammad Javed Bhatti, Zahid Naseem, Hamayun Arshad, Sohail Khattak, Muhammad Tofeeq, Mubashir Chaudhary and Sheikh Muhammad Ayub.
Recent Stories
US President welcomes Gaza ceasefire deal
UAEU announces successful launch of 'Al Ain Sat-1' satellite
China's cross-border e-commerce grows by 10.8% in 2024
ADNOC Gas explores groundbreaking technology that turns methane into graphene, h ..
Al-Azhar welcomes ceasefire in Gaza
Bank of Korea freezes key rate at 3%
Currency Rate In Pakistan - Dollar, Euro, Pound, Riyal Rates On 16 January 2025
Today Gold Rate in Pakistan 16 January 2025
UN Secretary-General welcomes ceasefire deal in Gaza
World Future Energy Summit: Global companies attest to UAE's leading role in ren ..
Dubai records 437 successful bids for global business events in 2024
Technological advancements enhancing threat detection at large-scale events, say ..
More Stories From Business
-
Currency Rate In Pakistan - Dollar, Euro, Pound, Riyal Rates On 16 January 2025
4 hours ago -
Today Gold Rate in Pakistan 16 January 2025
4 hours ago -
Petrol Rs3.47, diesel Rs2.61 per litre go up in Pakistan
13 hours ago -
PSX loses 308 points
20 hours ago -
Tour De Peshawar Cycle Race on January 26
21 hours ago -
Pakistan poised to tap China capital markets: Finance Minister
21 hours ago
-
Cars' sale up 51% to 46,398 units during Jul-Dec
24 hours ago -
Currency Rate In Pakistan - Dollar, Euro, Pound, Riyal Rates On 15 January 2025
1 day ago -
Today Gold Rate in Pakistan 15 January 2025
1 day ago -
WB pledges $40 bln to Pakistan under 10-Year Partnership Framework
18 hours ago -
WB pledges $20 bln to Pakistan under 10-Year Partnership Framework
18 hours ago -
Stocks rise tracking tariffs, inflation and earnings
2 days ago