Govt introduces strong mechanism for real estate sector: Dr Firdous

In Islamabad, while speaking in a property expo, Special Assistant to the Prime Minister Information and Broadcasting, Dr Firdous Ashiq Awan said that the government is introducing new laws and regulations to curb the hold of land mafia on small investors. The event was held in the Pakistan China Friendship Center.

On a query, she told a media person,

“The reforms, introduced by the government in this sector on the instruction of Prime Minister Imran Khan, reflect that the government is guardian of each penny of those investors who belong to salary and poor classes and make investments to get their own shelters in housing projects.”

She continued,

“Now, nobody can hoodwink the authorities and whisk away by luring innocent people in their trap as the government is closely monitoring the mechanism of every project in real estate sector from its launch to completion.”

While speaking at the property expo inauguration, she said that the government has spearheaded the ‘Digital Pakistan’ initiative to utilize the latest technologies in both the public and private sectors. This will assist in enforcing regulations in the real estate sector.

She emphasized that some real estate developers at the expo wanted to make the reforms in the sector milder in order to attract more investments. Addressing the grievances of some developers in the real estate sector, she said, ‘No country can progress without ‘tax’ as it works as oxygen for the economy of any state.

Dr Firdous said that the people observed in the past that the billionaires became riches while the millionaires went bankrupt due to the mafia’s plundering in real estate. But, according to her, now it is not possible for then to escape accountability as the Pakistan Tehreek-e-Insaf government’s ‘Digital Pakistan’ will ensure transparency in all sectors.

Before the PTI government, the real state sector was not given much importance. But the current government is focusing especially to revamp the industry. This will gradually bring stability in the country through job creation, she added.

The special assistant to the Prime Minister said that the development and progress of every country depends on the growth of its real estate sector. With its direct connection with other industries, it helps lift unemployment in the country.

She assured Pakistani expatriates that their investments were fully protected in ‘Naya Pakistan’ while encouraging them to invest in the real estate sector.

Dr Firdous asked the entrepreneurs in the industry to focus on producing affordable housing units for the salary class people under the vision of Prime Minister Imran Khan, who had been a strong proponent of providing shelter to the homeless and needy.

To a question, she spoke that the government was people-friendly and that no one could escape accountability now.

She added that the conversion of Pakistan Muslim League – Nawaz leader Ishaq Dar’s home into a shelter home was an affirmation of the fact that public money was spent on the people in ‘Naya Pakistan.’

Zaki

Zaki

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