Pakistan PropertyTop News

ICCI demands issuance of notification of PM’s incentive package for the construction industry

Islamabad: Islamabad Chamber of Commerce and Industry (ICCI) President Muhammad Ahmed Waheed has called for the departments concerned in Islamabad to issue a notification regarding the implementation of Prime Minister Imran Khan’s incentive package for the construction industry.

Reportedly, the package was aimed at providing a boost to economic activity and investments in the country. The ICCI president stated that it has been three months since the announcement of the said package, yet the lack of an official notification was hindering its proper implementation. He said that the Punjab government had issued its notification and timelines for the construction sector, and he urged the federal government to do the same at the earliest.

Additionally, president Waheed revealed that the Capital Development Authority (CDA) Board had approved the industrial building bylaws as well, but the official notification was yet to be issued on the matter. He said that these delays were affecting both industrial growth and the CDA’s revenue generation capacity. He highlighted that the business community was also facing issues in receiving lease renewals from the CDA. He asked for the CDA to issue all the relevant notifications and streamline the lease renewal procedure in order to promote business and economic growth.

Moreover, Mr Waheed said that the materialisation of the Naya Pakistan Housing Programme (NPHP) for low-income segments of the society was important. He further called for Prime Minister Imran Khan to issue directions for the proper implementation of the construction industry package.

Tags

Leave a Reply

Your email address will not be published. Required fields are marked *

Close