{"id":62813,"date":"2020-03-17T16:14:44","date_gmt":"2020-03-17T11:14:44","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=62813"},"modified":"2020-03-17T16:14:44","modified_gmt":"2020-03-17T11:14:44","slug":"real-estate-development-is-the-way-to-economic-growth","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/real-estate-development-is-the-way-to-economic-growth.html","title":{"rendered":"Real estate development is the way to economic growth: VP ICCI"},"content":{"rendered":"\n<p>Islamabad: Islamabad Chamber of Commerce and Industry (ICCI) Senior Vice President (VP) Tahir Abbasi recently issued a statement urging the government to develop the real estate sector as it can assist with reviving the country\u2019s economy, according to news sources. \u00a0<\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/local-traders-urge-govt-to-pass-rent-control-act.html\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"ICCI urges govt to pass rent control act (opens in a new tab)\">ICCI urges govt to pass rent control act<\/a><\/p>\n\n\n\n<p>VP Abbasi further stated that the\ndevelopment of the real estate industry could aid in the growth of 40 allied\nindustries. He made these statements during a meeting with President Federation\nof Realtors Pakistan Sardar Tahir Mehmood. <\/p>\n\n\n\n<p>The ICCI VP said that the rationalisation of real estate taxes could help facilitate in industrial growth. He added that the development of the <a href=\"https:\/\/www.zameen.com\/news\/icci-demands-reduction-in-property-taxes.html\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"property sector  (opens in a new tab)\">property sector <\/a>could accelerate the economy and create employment opportunities.<\/p>\n\n\n\n<p> <strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/icci-asks-cda-initiate-development-work-markets.html\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"ICCI asks CDA to initiate development work in markets (opens in a new tab)\">ICCI asks CDA to initiate development work in markets<\/a><\/p>\n\n\n\n<p>The Federation of Realtors\nPakistan is currently finalising its budget proposal for the property sector to\nbe tabled before the government. The proposal holds suggestions to reduce the\ncurrent deficit and broaden the tax base. Mr Abbasi said that after consulting\nthe stakeholders, the federation would be reorganized across Pakistan. He also\nreaffirmed that effective measures would be taken by the ICCI to resolve realtor\nissues. &nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: Islamabad Chamber of Commerce and Industry (ICCI) Senior Vice President (VP) Tahir Abbasi recently issued a statement urging the government to develop the real estate sector as it can assist with reviving the country\u2019s economy, according to news sources. \u00a0 Read: ICCI urges govt to pass rent control act VP Abbasi further stated that the development of the real estate industry could aid in the growth of 40 allied industries. He made these statements during a meeting with President Federation of Realtors Pakistan Sardar Tahir Mehmood. The ICCI VP said that the rationalisation of real estate taxes could help facilitate in industrial growth. He added that the development of the property sector could accelerate the economy and create employment opportunities. Read: ICCI asks CDA to initiate development work in markets The Federation of Realtors Pakistan is currently finalising its budget proposal for the property sector to be tabled before the government. The proposal holds suggestions to reduce the current deficit and broaden the tax base. Mr Abbasi said that after consulting the stakeholders, the federation would be reorganized across Pakistan. He also reaffirmed that effective measures would be taken by the ICCI to resolve realtor issues. &nbsp;<\/p>\n","protected":false},"author":75,"featured_media":62814,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15013],"tags":[23211,6334,23208],"persona":[],"class_list":{"0":"post-62813","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-construction","8":"tag-federation-of-realtors-pakistan","9":"tag-icci","10":"tag-real-estate-development-is-the-way-to-economic-growth","11":"cat-15013-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Real estate development is the way to economic growth- Zameen News<\/title>\n<meta name=\"description\" content=\"ICCI Senior Vice President (VP) Tahir Abbasi recently issued a statement urging the government to develop the real estate sector\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/real-estate-development-is-the-way-to-economic-growth.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Real estate development is the way to economic growth- Zameen News\" \/>\n<meta property=\"og:description\" content=\"ICCI Senior Vice President (VP) Tahir Abbasi recently issued a statement urging the government to develop the real estate sector\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/real-estate-development-is-the-way-to-economic-growth.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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