ICCI urges for providing favorable factors to real estate.

ISLAMABAD -- Senior Vice President, Islamabad Chamber of Commerce and Industry Tahir Abbasi on Thursday said that real estate sector has great potential to grow and revive the struggling economy, but it was facing multiple problems due to tax measures and other unfavourable factors.

He urged the government to accord industry status to real estate sector and address its key issues so that it could play more effective role in the economic development of the country.

He said this while addressing a meeting of ICCI Real Estate Committee held at Chamber House under the chair of Chaudhry Masood, Convener.

Tahir Abbasi said that growth of around 70 allied industries was associated with real estate sector and its better growth would not only accelerate industrial activities, it would also create plenty of new jobs.

He urged that government for paying high...