Construction sector takes off
TRIBUNE CREATIVE
LAHORE:
Stakeholders of the construction industry have said that even though activities in the sector are getting streamlined, there remain a lot of problems that need to be addressed by the government to gain the desired results.
The industry officials are of the view that is the only sector, which can help the country recover from the ongoing economic crisis. At the domestic level, investors are somewhat satisfied with the pace of developing regulatory frameworks but for foreign investors ease of doing business remains a daunting issue.
Eighteen CEO Tarek Hamdy believes that tax incentives, waivers and subsidies for builders, developers and property owners extended through the prime minister’s construction package would enhance investment in real estate sector.
LAHORE: Foreign real estate investors have urged Board of Investment to create a one-window facility for acquiring permissions/licenses from various government agencies and utilities, to cut the.