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FBR registers 112 companies for housing projects

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ISLAMABAD – Prime Minister Imran Khan was informed on Thursday that 112 companies and individuals have so far been registered with the Federal Board of Revenue (FBR), which is said to begin work on 123 housing and construction projects.

The weekly Housing, Construction and Development meeting held here with Prime Minister Imran Khan as President was briefed by President FBR regarding the online registration system and awareness seminars. The meeting learned that the awareness seminars [about the housing and construction projects] have already been organized in Karachi, Lahore and Islamabad.

Sindh’s chief secretary told the meeting that a one-stop-shop portal for investors was in place where 19 projects for the province were approved, while certificates of no objection (NOCs) for 75. projects have been issued.

It was further indicated that for project monitoring, a committee also including representatives of the private sector had already been notified.

Chief secretary of Khyber Pakhtunkhwa told the meeting that with a reasonable increase in sales of cement, bricks and steel, total investment in housing and construction projects in the province has reached Rs. 83 billion.

Governor State Bank told the meeting that the consultation process with all private banks regarding easy disbursements has been completed and their reserves have been removed. The Prime Minister ordered that, to facilitate investors, the process of supplying NOCs be made transparent, easy and short-term.

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