Islamabad: Islamabad Chamber of Commerce and Industry (ICCI) Senior Vice President (VP) Tahir Abbasi recently issued a statement urging the government to develop the real estate sector as it can assist with reviving the country’s economy, according to news sources.
VP Abbasi further stated that the
development of the real estate industry could aid in the growth of 40 allied
industries. He made these statements during a meeting with President Federation
of Realtors Pakistan Sardar Tahir Mehmood.
The ICCI VP said that the rationalisation of real estate taxes could help facilitate in industrial growth. He added that the development of the property sector could accelerate the economy and create employment opportunities.
The Federation of Realtors
Pakistan is currently finalising its budget proposal for the property sector to
be tabled before the government. The proposal holds suggestions to reduce the
current deficit and broaden the tax base. Mr Abbasi said that after consulting
the stakeholders, the federation would be reorganized across Pakistan. He also
reaffirmed that effective measures would be taken by the ICCI to resolve realtor
issues.
Hazafa reveres the art of writing and has been turned into a property enthusiast by profession. Her daily survival kit includes; tea, coffee, keyboard and paperbacks.
