ISLAMABAD – Islamabad Chamber of Commerce and Trade (ICCI) Senior Vice President Tahir Abbasi Monday urged the federal government to concentrate on growth of actual property sector that may assist in reviving the economic system. He mentioned that the expansion of over 40 allied industries relied on the expansion of actual property sector.
He mentioned this whereas exchanging views with Sardar Tahir Mehmood, President Federation of Realtors Pakistan throughout a gathering with him. Tahir Abbasi mentioned that actual property sector performed very important position in financial growth of nation and mentioned that authorities ought to rationalize taxes on it to facilitate its progress.
He mentioned that growth of actual property sector would create loads of new jobs, cut back unemployment and poverty and assist the economic system to speed up its progress. He emphasised upon the federal government to create conducive atmosphere for actual property sector that may contribute positively in turning across the economic system as effectively. Talking on the event, Sardar Tahir Mehmood, President Federation of Realtors Pakistan mentioned that precedence concentrate on housing sector would steer the economic system out of present challenges.
He mentioned that they had been giving finances proposals of actual property sector to the federal government that may assist broaden the tax base and cut back deficit. He mentioned that Federation of Realtors Pakistan can be reorganized throughout the nation in session with stakeholders.
He mentioned that authorities ought to concentrate on abilities growth of youth, good governance and inclusion of center class within the progress course of. He mentioned that for sustainable growth of the economic system, it was essential to convey reforms in agriculture sector and set limits to holding of properties in cities.
He reaffirmed that efforts can be made to resolve the important thing problems with realtors in collaboration with ICCI.