The lifting of the ban will allow builders to immediately complete over 10,000 houses in Karachi and Hyderabad alone. PHOTO: CREATIVE COMMONS
The Association of Builders and Developers of Pakistan (ABAD) has expressed hope that Sui Southern Gas Company (SSGC) will lift the ban on new gas connections for highrise buildings in March which will attract new investments in Karachi and Hyderabad’s real estate sector.
The lifting of the ban will allow builders to immediately complete over 10,000 houses in Karachi and Hyderabad alone, said ABAD Chairman Mohsin Sheikhani while addressing a press conference here at ABAD’s head office on Wednesday.
The chairman of ABAD – an association of over 700 leading builders in Pakistan – said that the government had recently assured them that it would lift the ban in March after reviewing the availability of gas in Sindh and Balochistan.
“The uncertain security situation in big cities of Pakistan is because of growing slums,” Shiekhani said, “That is why is it is extremely important for the government and the private sector to provide low-cost housing facilities in or around big cities of the country.”
He also added that ABAD is working with the Lahore Development Authority (LDA) to revamp its by-laws.
Published in The Express Tribune, March 13th, 2014.
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