The Association of Builders and Developers of Pakistan (ABAD) has welcomed the extension of incentives for the construction industry by Imran Khan, while also expressing their gratitude to the Prime Minister. The extension will create thousands of jobs opportunities and will contribute towards strengthening economic growth along with the provision of low cost housing, ABAD claimed.
Chairman ABAD Fayyaz Ilyas, Senior Vice Chairman Khawaja Muhammad Ayoob, Vice Chairman Arif Sheikhani, Chairman Southern Region Eng. Danish Bin Rauf, Chairman Northern Region Sheraz Mannoo and Vice Chairman Hyderabad Sub-Region Kashif Shaikh, in a joint statement have said that the Prime Minister’s announcement regarding the construction incentive will prove beneficial for the national economy.
They said that ABAD had requested the Prime Minister to extend the date of the incentive package because it was not possible for builders and developers to complete projects due to COVID-19’s second wave. The announcements of the Prime Minister will accelerate the national economy’s growth, they added. The group remains hopeful that that Sindh government will also implement digitalization of land record and adopt automation of building plan approvals.
