Support to Construction Industry Helps in Improving Country’s Economy

Islamabad August 3 (Online Int’l): Islamabad Chamber of Commerce and Industry President Muhammad Ahmed Waheed said that the government has announced a number of incentives to boost the construction industry, which would help in moving wheel of economy and to accelerate economic activity in the country. 

He expressed these views at the occasion of Retailer’s Day and also congratulated the President of Federation of Realtors, Sardar Tahir Mehmood & Chairman, Ijaz Khan and General Secretary of Real Estate Association, Chaudhry Zahid Rafique on Memorial Day of realtors.

Ahmed Waheed said that the government in order to encourage the construction sector, has announced an amnesty scheme, which was a positive move of the government. He said that by supporting the construction industry and giving them incentives, a number of job opportunities would be created, as about sixty other industries were associated with this industry. He hoped that people engaged in the construction industry would get advantage of the package that would not only boost construction activity but also help in reducing unemployment in the country. 

He said that investors should take full advantage of the scheme and make maximum investments before the last date of the incentive package i.e. December 31, 2020. He was hopeful that through this scheme, local investment in construction sector would increase and people would buy and construct houses at affordable prices. 

The businessman emphasized to get maximum benefits of this scheme that would ultimately help people in buying houses at reasonable prices and to help a large segment of people associated with this and allied industry. 

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