Pakistan President Stresses for Attracting Direct Foreign Investment in Property Sector

Thu Dec 21 2023
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ISLAMABAD: President of Pakistan Dr Arif Alvi on Thursday called on the entrepreneurs and property developers to enter into joint ventures with foreign companies to attract direct investment.

He was speaking at the concluding ceremony of 3rd Pakistan International Property and Construction Expo.

He said major developments were taking place all across the world and great strides were being made in spheres of business and construction. He advised Pakistani entrepreneurs to grab the opportunities available abroad.

President Alvi said Pakistani businessmen had a lot of potential but there was a need for correction, unity and harnessing human resources to move forward.

He was of the view that businesses should adopt the values of corporate social responsibility and run their commercial operations.

He continued that property developers should follow the building codes and government regulations and deliver the projects to the customers as per commitment as this would make them more trustworthy and reliable.

President Advises property developers to focus on vertical construction

The president suggested the property developers to focus on vertical construction as it would ensure better use of land and would not cause any adverse effect to the agriculture sector.

He also underscored the need for improving the business climate in the country and on ease of doing business and one window operations to further enhance business activities.

The president was of the view that rich class should pay their fair share of taxes so that the government could spend on poverty alleviation projects and ensure education for children.

He noted that Africa as a market held great potential for Pakistani property developers and they should reach out and explore this vast market.

Organizers of the event including Khurshid Barlas highlighted various aspects of the property expo and about the keen interest of people in buying residential and commercial units.

The president on the occasion gave away shields to the leading property developers.

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