ICCI praises extension in relief package for the construction industry.

Islamabad: The Acting President of Islamabad Chamber of Commerce and Industry (ICCI), Fatima Azim has hailed the announcement of Prime Minister Imran Khan to extend the relief package for the construction industry.

The business community of the entire country was demanding an extension in the relief package for the construction industry as insufficient time was given to take advantage of it and hailed the announcement of Prime Minister Imran Khan to extend this package for another year.

“It a very commendable decision as it would prove highly beneficial for the country and steer the economy out of current difficulties towards better recovery and growth,” she added. Fatma Azim said that the PM has extended the fixed tax regime for the construction sector for one and the facility of non-disclosure of a source of income for six months, which was very encouraging.

She said that the business community has also welcomed the one-year’s extension in the period for construction projects by allowing them to be completed by 2023 which would facilitate the initiation and execution of more projects in this important sector.