ICCI lauds package for construction sector

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Staff Reporter

Islamabad

Senior Vice President, Islamabad Chamber of Commerce & Industry (ICCI) Tahir Abbasi has said that the Prime Minister has taken a very wise decision by announcing a relief package for construction sector and declaring it an industry as it would accelerate the pace of construction activities in the country, attract new investment and contribute effectively in improving the economy. This was observed by him while talking to a delegation that called on him led by Muhammad Naveed Malik, Member, General Body of FPCCI during their visit to ICCI on Thursday.
Tahir Abbasi said that the special incentive package for construction industry will not only give boost to this industry, it will also promote over 50 allied industries and create plenty of new jobs. He said that abolishing services tax, capital value tax, reducing other taxes and giving exemption to investors from Sec-111 of ITO for investing in construction sector.

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