{"id":16857,"date":"2023-05-30T18:02:31","date_gmt":"2023-05-30T13:02:31","guid":{"rendered":"https:\/\/propakistani.pk\/proproperty\/?p=16857"},"modified":"2023-05-30T18:02:31","modified_gmt":"2023-05-30T13:02:31","slug":"real-estate-builders-and-developers-calls-for-package-to-attract-foreign-investment","status":"publish","type":"post","link":"https:\/\/propakistani.pk\/proproperty\/real-estate-builders-and-developers-calls-for-package-to-attract-foreign-investment\/","title":{"rendered":"Real Estate Builders and Developers Calls for Package to Attract Foreign Investment"},"content":{"rendered":"<p>ISLAMABAD: Real estate builders and developers have called upon Finance Minister Ishaq Dar to introduce a comprehensive package in the upcoming budget that will attract foreign investment and implement stringent measures to eliminate cartels.<\/p>\n<p>During a meeting with the finance minister, a delegation from the Association of Builders and Developers of Pakistan (ABAD) presented its budget proposals for the fiscal year 2023-24.<\/p>\n<p>The meeting was attended by Special Assistant on Revenue Tariq Pasha, Reforms and Resource Mobilisation Commission (RRMC) member Ashfaq Tola, FBR chairman Asim Ahmed, and senior officers.<\/p>\n<p>A source familiar with the meeting revealed that the association emphasized the need to remove regulatory duties on iron and tiles in the forthcoming budget.<\/p>\n<p>They argued that the elimination of this duty would lead to a significant reduction of approximately Rs. 25,000 per tonne in steel prices, resulting in a corresponding decrease in tile prices.<\/p>\n<div style=\"clear:both; margin-top:0em; margin-bottom:1em;\"><a href=\"https:\/\/propakistani.pk\/proproperty\/builders-protest-steel-bar-price-hikes-with-purchase-suspension\/\" target=\"_blank\" rel=\"dofollow\" class=\"u02a3f282d5cd16678040c720bba513d6\"><style> .u02a3f282d5cd16678040c720bba513d6 { padding:0px; margin: 0; padding-top:1em!important; padding-bottom:1em!important; width:100%; display: block; font-weight:bold; background-color:#2C3E50; border:0!important; border-left:4px solid #F1C40F!important; text-decoration:none; } .u02a3f282d5cd16678040c720bba513d6:active, .u02a3f282d5cd16678040c720bba513d6:hover { opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; text-decoration:none; } .u02a3f282d5cd16678040c720bba513d6 { transition: background-color 250ms; webkit-transition: background-color 250ms; opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; } .u02a3f282d5cd16678040c720bba513d6 .ctaText { font-weight:bold; color:#F1C40F; text-decoration:none; font-size: 16px; } .u02a3f282d5cd16678040c720bba513d6 .postTitle { color:#eaeaea; text-decoration: underline!important; font-size: 16px; } .u02a3f282d5cd16678040c720bba513d6:hover .postTitle { text-decoration: underline!important; } <\/style><div style=\"padding-left:1em; padding-right:1em;\"><span class=\"ctaText\">ALSO READ<\/span>&nbsp; <span class=\"postTitle\">Builders Stop Buying Steel Bars in Protest of Price Hike<\/span><\/div><\/a><\/div>\n<p>During the meeting, the association also raised concerns about cartelization, particularly in the cement, iron, and tiles industries.<\/p>\n<p>The finance minister assured the delegation that the vacant positions in the Competition Commission of Pakistan would be filled soon to address these complaints and other related issues.<\/p>\n<p>One of the major demands put forth by the association was to introduce incentives for overseas Pakistanis to channel their dollar investments through banking channels into the real estate sector.<\/p>\n<p>According to the source, the finance minister expressed willingness to consider this proposal in the upcoming budget, highlighting an allocation of 25% for overseas Pakistanis in each real estate sector.<\/p>\n<p><em>Source: DAWN<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>ISLAMABAD: Real estate builders and developers have called upon Finance Minister Ishaq Dar to introduce a comprehensive package in the upcoming budget that will attract foreign investment and implement stringent measures to eliminate cartels. During a meeting with the finance minister, a delegation from the Association of Builders and Developers of Pakistan (ABAD) presented its budget proposals for the fiscal year 2023-24. The meeting was attended by Special Assistant on\u2026<\/p>\n","protected":false},"author":3,"featured_media":797,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-16857","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"img_urls":{"thumbnail":["https:\/\/propakistani.pk\/proproperty\/wp-content\/uploads\/2022\/07\/pakistani-rupee-devaluation-fear-stirs-panic-foreign-currency-accounts-witness-dollars-pile-up-1513929539-2746.jpg",800,560,false],"medium":["https:\/\/propakistani.pk\/proproperty\/wp-content\/uploads\/2022\/07\/pakistani-rupee-devaluation-fear-stirs-panic-foreign-currency-accounts-witness-dollars-pile-up-1513929539-2746.jpg",800,560,false],"full":["https:\/\/propakistani.pk\/proproperty\/wp-content\/uploads\/2022\/07\/pakistani-rupee-devaluation-fear-stirs-panic-foreign-currency-accounts-witness-dollars-pile-up-1513929539-2746.jpg",800,560,false]},"author_name":"Firas Qureshi","categories_name":["News"],"title_text":"Real Estate Builders and Developers Calls for Package to Attract Foreign Investment","related_stories":"https:\/\/propakistani.pk\/proproperty\/wp-json\/wp\/v2\/posts?filter&per_page=4&categories=5&exclude=16857","_links":{"self":[{"href":"https:\/\/propakistani.pk\/proproperty\/wp-json\/wp\/v2\/posts\/16857","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/propakistani.pk\/proproperty\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/propakistani.pk\/proproperty\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/propakistani.pk\/proproperty\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/propakistani.pk\/proproperty\/wp-json\/wp\/v2\/comments?post=16857"}],"version-history":[{"count":0,"href":"https:\/\/propakistani.pk\/proproperty\/wp-json\/wp\/v2\/posts\/16857\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/propakistani.pk\/proproperty\/wp-json\/wp\/v2\/media\/797"}],"wp:attachment":[{"href":"https:\/\/propakistani.pk\/proproperty\/wp-json\/wp\/v2\/media?parent=16857"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/propakistani.pk\/proproperty\/wp-json\/wp\/v2\/categories?post=16857"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/propakistani.pk\/proproperty\/wp-json\/wp\/v2\/tags?post=16857"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}