ICCI links sector’s growth to overall economic progress

Senior Vice President Muhammad Naveed said due to the situation, many investors are leaving the real estate sector

ISLAMABAD: Islamabad Chamber of Commerce and Industry Senior Vice President Muhammad Naveed said on Wednesday that facilitating the growth of the real estate sector is crucial for promoting industry and employment in the country.

He also called upon the government to reduce heavy taxes imposed on the sector in the coming budget in order to trigger economic growth of the country, while addressing a meeting of Gulberg Association, Islamabad.

Naveed said that the growth of about 250 ancillary industries in Pakistan including cement, steel, brick, timber and building material was dependent on the real estate sector, but the increase in taxes has eroded the business of all these allied industries.

He said that due to the situation, many investors are leaving the real estate sector.

Published in The Express Tribune, January 4^th, 2018.

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