The Balochistan Local Government and Rural Development Department has specified a timeframe for processing no objection certificates (NOCs) for building plans, WealthPK reported. The provincial department has notified that the NOCs will be issued within 25 working days. Earlier, there was no time frame, which not only created hurdles.
The Board of Investment (BOI), after marathon consultations with the stakeholders and the Naya Pakistan Development Authority, proposed that the Balochistan Local Government and Rural Development Department specify a timeframe for processing NOCs.
A BOI official informed WealthPK that without any timelines for issuance of NOCs/permits required for low-risk buildings, the process was inefficient which increased the cost and delayed the construction process especially along the China-Pakistan Economic Route (CPEC) route. There was a dire need to specify timelines for issuance of permits to boost the construction sector in Balochistan.
The official said after detailed deliberations with the department concerned, it was agreed that there should be a specific time limit for issuance of NOCS/permits.
Accordingly, the competent authority notified the revised rules. This initiative will also promote real estate investment trust (REIT) in Balochistan, as the local investors are much interested in construction of buildings under the REIT programme.
