{"id":69293,"date":"2020-08-17T12:20:45","date_gmt":"2020-08-17T07:20:45","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=69293"},"modified":"2020-08-17T12:43:47","modified_gmt":"2020-08-17T07:43:47","slug":"appliances-maker-seeks-cash-construction-industry-relief-package","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/appliances-maker-seeks-cash-construction-industry-relief-package.html","title":{"rendered":"Construction Industry Relief Package: Appliances maker seeks entry into real estate"},"content":{"rendered":"\n<p>Lahore: An appliances manufacturer intends to avail the benefits of the federal government\u2019s construction industry relief package, a news source reported on August 16. According to the details revealed, Waves Singer Limited, an electrical and home appliances maker, recently sought the approval of the Securities &amp; Exchange Commission of Pakistan (SECP) to enter the country\u2019s real estate and construction sector.<\/p>\n\n\n\n<p><strong>Read: <\/strong><a href=\"https:\/\/www.zameen.com\/news\/pm-orders-real-estate-regulatory-body.html\" target=\"_blank\" rel=\"noreferrer noopener\">PM directs authorities to establish real estate regulatory body<\/a><\/p>\n\n\n\n<p>The company stated that it wanted to diversify its business scope by benefitting from the incentives offered through the PM\u2019s construction industry relief package. For this purpose, the firm has also amended its clauses of Memorandum of Association in order to add the development of affordable housing projects and other real estate initiatives to its portfolio.<\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/ncoc-shares-latest-covid-19-recovery-statistics.html\" target=\"_blank\" rel=\"noreferrer noopener\">NCOC shares latest COVID-19 recovery statistics<\/a><\/p>\n\n\n\n<p>In light of the COVID-19 pandemic and the consequent lockdown announcement, the government had introduced several incentives for the country\u2019s construction sector. The package was aimed at reviving the construction and real estate activities during the turbulent economic situation witnessed during the lockdown period.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Lahore: An appliances manufacturer intends to avail the benefits of the federal government\u2019s construction industry relief package, a news source reported on August 16. According to the details revealed, Waves Singer Limited, an electrical and home appliances maker, recently sought the approval of the Securities &amp; Exchange Commission of Pakistan (SECP) to enter the country\u2019s real estate and construction sector. Read: PM directs authorities to establish real estate regulatory body The company stated that it wanted to diversify its business scope by benefitting from the incentives offered through the PM\u2019s construction industry relief package. For this purpose, the firm has also amended its clauses of Memorandum of Association in order to add the development of affordable housing projects and other real estate initiatives to its portfolio. Read: NCOC shares latest COVID-19 recovery statistics In light of the COVID-19 pandemic and the consequent lockdown announcement, the government had introduced several incentives for the country\u2019s construction sector. The package was aimed at reviving the construction and real estate activities during the turbulent economic situation witnessed during the lockdown period.<\/p>\n","protected":false},"author":68,"featured_media":63690,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15013],"tags":[37036],"persona":[],"class_list":{"0":"post-69293","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-construction","8":"tag-details-on-appliances-maker-seeks-to-cash-in-on-construction-industry-relief-package","9":"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>Appliances firm to use construction industry relief package - Zameen News<\/title>\n<meta name=\"description\" content=\"An appliances manufacturer intends to avail the benefits of the PM&#039;s construction industry relief package, a news source reported on August 16.\" \/>\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\/appliances-maker-seeks-cash-construction-industry-relief-package.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Appliances firm to use construction industry relief package - Zameen News\" \/>\n<meta property=\"og:description\" content=\"An appliances manufacturer intends to avail the benefits of the PM&#039;s construction industry relief package, a news source reported on August 16.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/appliances-maker-seeks-cash-construction-industry-relief-package.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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