112 FBR registered Companies to work on 123 on Housing & Construction Projects

ISLAMABAD, Pakistan: The Chairman Federal Board of Revenue (FBR) Muhammad Javed Ghani has told a meeting of the National Coordination Committee on Housing, Construction and Development that 112 Companies related to the Construction Sector have been registered with the board that will work on 123 on Housing and Construction Projects.

The weekly meeting was presided over by Prime Minister Imran Khan in Islamabad on Thursday.

The Chairman FBR briefed the meeting about the online registration system and awareness campaign.

The meeting was told that awareness seminars have been organized in Islamabad, Karachi, and Lahore.

The Chief Secretary Khyber Pakhtunkhwa apprised the meeting that the total investment in Housing and Construction Projects in the province has reached Rs 83 billion.

The Chief Secretary said that a significant increase has been witnessed in the sale of cement, bricks, and iron.

The Chief Secretary Sindh briefed the meeting that the One Window Portal has been functional for investors under which 19 projects have been approved in Sindh. He said that No-Objection Certificates (NOCs) for 75 projects have been issued.

The Governor State Bank Dr Reza Baqir briefed the meeting that the consultation with all private banks about easy installments of soft loans has been completed and their reservations have been addressed.

In the meeting, the prime minister directed the authorities concerned to make the process of issuance of NOC in the Construction Sector transparent, easy, and quick to facilitate the investors.