“Real Estate sector holds significance in the socio-economic development of Pakistan. The sector is contributing to the revenue for the national exchequer besides generating employment opportunities in abundance. Current state of affairs necessitates government’s deserving attention to incentivize Real Estate sector and preparation of national policy. It is the dire need to constitute revised National Housing Policy and take legislative measures for the progress and promotion of the Real Estate as well as other allied industries/ sector.” This was stated by Zahid Iqbal, Chairman, FPCCI’s Standing Committee on Real Estate Research & Image Building in its first meeting at FPCCI Head Office Karachi.
Zahid Iqbal asserted upon the needs of legislation in the Real Estate sector to form Real Estate Regulatory Authority (RERA) and attract Foreign Director Investment (FDI). Establishment of Land Bank and Real Estate Regulatory Authority (RERA) in Pakistan, as established and functioning in regional countries, are crucial for the development of sector.
He conveyed his heartfelt gratitude and compliments to the Leadership of FPCCI to form Real Estate Research & Image Building Standing Committee (RERIB) on his request and also appointing him as its first Chairman to take up the relevant matters to all concerned quarters through the platform of Federation.
Earlier, Hanif Gohar, Acting President FPCCI & Chairman, Association of Builders & Developers of Pakistan (ABAD), welcomed the Chairman and members of the FPCCI Standing on Real Estate Research & Image Building. In his key notes he stated that the FPCCI aims to empower business community.
Real Estate sector holds significant importance as it supports the Construction and Housing industry. He urged the Chairman and members of the Committee to highlight the problems and issues of the Real Estate sector so the same shall be taken up by FPCCI to the Government and elsewhere to resolve them. He congratulated Zahid Iqbal on his appointment as Chairman FPCCI Standing Committee on Real Estate Research & Image Building Standing Committee (RERIB) and assured by support and cooperation.
The FPCCI Standing Committee on Real Estate Research & Image Building Standing Committee (RERIB) under the Chair of Zahid Iqbal resolved to appoint Khadim Rasool as the Senior Vice Chairman, Lt Col (Rtd) Ziauddin Tamim and Muhammad Shafi Jakvani as the Vice Chairmen. The House also resolved to prepare the charter of the Standing Committee to take up the relevant matters to all the concerned forums though FPCCI.