{"id":63962,"date":"2020-04-12T10:00:00","date_gmt":"2020-04-12T05:00:00","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=63962"},"modified":"2020-04-10T17:46:55","modified_gmt":"2020-04-10T12:46:55","slug":"icci-requests-wht-waiver-on-cement-steel","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/icci-requests-wht-waiver-on-cement-steel.html","title":{"rendered":"ICCI appreciates construction sector relief package, requests WHT waiver on cement, steel"},"content":{"rendered":"\n<p>Islamabad: Islamabad Chamber of Commerce and Industry (ICCI) Senior Vice President Tahir Abbasi has said that the prime minister\u2019s <a href=\"https:\/\/www.zameen.com\/news\/construction-sector-gets-historic-relief-package.html\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"construction sector relief package (opens in a new tab)\">construction sector relief package<\/a> has come as the \u2018answer to realtors\u2019 longstanding demands\u2019, a new source reported. Additionally, he has requested the government to waive the withholding tax (WHT) on cement and steel; since these materials are crucial to the sector\u2019s functioning. <\/p>\n\n\n\n<p>Read: <a href=\"https:\/\/www.zameen.com\/news\/construction-sector-relief-package-withholding-tax-on-building-materials-abolished-stamp-duty-reduced.html\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"Construction sector relief package: Withholding tax on building materials abolished, stamp duty reduced (opens in a new tab)\">Construction sector relief package: Withholding tax on building materials abolished, stamp duty reduced<\/a><\/p>\n\n\n\n<p>Abbasi shared these views while speaking to a delegation of traders headed by Trader Action Committee Secretary Khalid Mehmood Chaudhry. He further emphasised that the government\u2019s decision to announce the relief package amid the country\u2019s going COVID-19 lockdown situation was a good step towards providing jobs to scores of daily wagers who have been left unemployed in the pandemic\u2019s wake.<\/p>\n\n\n\n<p>Read: <a href=\"https:\/\/www.zameen.com\/news\/call-for-labour-rights-granted-construction-workers.html\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"PM urged to grant formal labour rights to construction sector workers (opens in a new tab)\">PM urged to grant formal labour rights to construction sector workers<\/a><\/p>\n\n\n\n<p>Abbasi also appreciated the incentives given to the parties considering investments in projects launched under the Naya Pakistan Housing Programme (NPHP); stating that these would accelerate the pace of work rendered to develop these projects. He further remarked that removing WHT on cement and steel would decrease the construction costs of real estate projects, providing further ease to people looking to build their houses, he added. <\/p>\n\n\n\n<p>Read: <a href=\"https:\/\/www.zameen.com\/news\/blue-world-city-pledges-construction-of-5000-homes.html\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"Blue World City pledges construction of 5,000 homes under NPHP (opens in a new tab)\">Blue World City pledges construction of 5,000 homes under NPHP<\/a><\/p>\n\n\n\n<p>The ICCI senior vice president also commended\nthe government for setting up the Construction Industry Development Board; remarking\nthat it would pave the way for growth in the construction sector. He expressed the\nhope that the announced incentives would serve to boost economic activity in 40\nindustries allied with the construction sector and bring poverty levels down. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: Islamabad Chamber of Commerce and Industry (ICCI) Senior Vice President Tahir Abbasi has said that the prime minister\u2019s construction sector relief package has come as the \u2018answer to realtors\u2019 longstanding demands\u2019, a new source reported. Additionally, he has requested the government to waive the withholding tax (WHT) on cement and steel; since these materials are crucial to the sector\u2019s functioning. Read: Construction sector relief package: Withholding tax on building materials abolished, stamp duty reduced Abbasi shared these views while speaking to a delegation of traders headed by Trader Action Committee Secretary Khalid Mehmood Chaudhry. He further emphasised that the government\u2019s decision to announce the relief package amid the country\u2019s going COVID-19 lockdown situation was a good step towards providing jobs to scores of daily wagers who have been left unemployed in the pandemic\u2019s wake. Read: PM urged to grant formal labour rights to construction sector workers Abbasi also appreciated the incentives given to the parties considering investments in projects launched under the Naya Pakistan Housing Programme (NPHP); stating that these would accelerate the pace of work rendered to develop these projects. He further remarked that removing WHT on cement and steel would decrease the construction costs of real estate&hellip;<\/p>\n","protected":false},"author":18,"featured_media":62814,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15012,15013],"tags":[26012,26011],"persona":[],"class_list":{"0":"post-63962","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-allied-industries","8":"category-construction","9":"tag-wht-on-cement-and-steel","10":"tag-withholding-tax-exemption-on-steel-and-cement-demanded","11":"cat-15012-id","12":"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>ICCI requests WHT waiver on cement, steel - Zameen News<\/title>\n<meta name=\"description\" content=\"Islamabad: Islamabad Chamber of Commerce and Industry (ICCI) Senior Vice President Tahir Abbasi has said that the prime minister\u2019s construction 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\/icci-requests-wht-waiver-on-cement-steel.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ICCI requests WHT waiver on cement, steel - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Islamabad: Islamabad Chamber of Commerce and Industry (ICCI) Senior Vice President Tahir Abbasi has said that the prime minister\u2019s construction sector\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/icci-requests-wht-waiver-on-cement-steel.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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