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Government urged to solve real estate problems

字号+ Author:Smart News Source:Business 2025-01-12 04:51:55 I want to comment(0)

RAWALPINDI: The Rawalpindi Chamber of Commerce and Industry (RCCI) on Friday urged the government to solve the problems of real estate sector and announce a package in this regard. A delegation from the Real Estate Consultants Association (RECA) visited the Rawalpindi Chamber of Commerce and Industry (RCCI) and held discussions with RCCI President Usman Shaukat. The delegation comprised Malik Jamshed (Group Head), RECA Chairman Major Naeem, President Chaudhry Farrukh, Vice President Sheikh Naeem, and General Secretary Haider. From RCCI, Senior Vice President Khalid Farooq Qazi, Vice President Fahad Barlas, former presidents Asad Mashhadi and Raja Amir Iqbal, along with executive committee and chamber members, were present. The meeting focused on the current challenges in the real estate sector, including high taxes, regulatory issues, and possible solutions to revive the industry. Mr Shaukat emphasised RCCI’s commitment to addressing the issues of the real estate and construction sectors, stating: “The chamber will continue to raise its voice on all platforms to resolve the challenges faced by these vital industries. We urge the government to announce an industrial package to stimulate growth and ease business operations.” He reiterated that the construction sector plays a crucial role in the economy, with over 70 allied industries dependent on it. He warned that without immediate intervention, revenue losses and stagnation in economic activity would persist. : “The livelihood of millions is tied to this sector. Practical steps must be taken to revive construction, create jobs, and support associated industries. The government needs to prioritise this sector to drive national economic growth.”

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