FBR’s SRO 924(I)/2020 to affect business activities: ICCI


Observer Report


President, Islamabad Chamber of Commerce and Industry Sardar Yasir Ilyas Khan has expressed concerns over the SRO 924(I)/2020 issued by FBR on September 30, 2020 in order to regulate the businesses of real estate agents, accountants and jewelers to comply with the conditions of Financial Action Task Force (FATF), however, he said that the said SRO would affect the growth of business activities, especially in real estate sector and foil the objectives of PM’s construction package.
He said this while talking to a delegation of real estate sector that called on him led by Muhammad Ejaz Abbasi former President ICCI. Mehmood Ahmed Warraich, Tariq Nusrat Wani and Zarif Ahmed Khan were in the delegation. Abdul Rehman Khan, Vice President ICCI was also present at the occasion. The delegation congratulated Sardar Yasir Ilyas Khan on assuming the Presidency of ICCI and discussed with him the implications of SRO-924 on the business activities of real estate sector.