Business community urge for issuing notification of implementation of package.

ISLAMABAD -- Islamabad Chamber of Commerce and Industry on Wednesday urged the concerned departments for issuance of early notification for implementation of construction industry package so that businessmen and people could realize its benefits.

Muhammad Ahmed Waheed, President, ICCI said that Prime Minister Imran Khan had announced an attractive incentive package for the construction industry that aimed to stimulate economic activity in the country and boost investment.

But despite the passage of three months, no relevant department in Islamabad had issued its notification due to which its implementation was still at halt, he added.

He said that Punjab government had issued the notification and timelines for the construction industry and urged the federal government to do the same at the earliest to realize the benefits of construction industry package.

Muhammad Ahmed Waheed said that about 3 years ago, CDA Board had approved the amended industrial building byelaws, but CDA had not issued their notification as yet due to which not only the industrial growth was suffering, but CDA was also losing significant revenue.

He said that business community was also facing problems in lease renewal from CDA and this situation was affecting the business activities.

He urged that CDA to issue notifications of amended building byelaws and construction industry package.

He further stressed that CDA should streamline the lease renewal process to facilitate the...