ISLAMABAD, April 13, 2026 – The Islamabad Chamber of Commerce and Industry has called for immediate and practical reforms to revitalize Pakistan’s real estate and construction sector, highlighting its critical role in driving economic growth, investment and job creation.
In a statement issued on Monday, ICCI President Sardar Tahir Mehmood said evolving global dynamics, particularly in the Middle East, are reshaping investment flows and present a timely opportunity for Pakistan to attract both domestic and overseas capital.
“Pakistan possesses immense potential. What is required now is policy clarity and a system that inspires confidence among investors,” he said.
Mehmood emphasized that the business community is not seeking relaxation of laws but rather an efficient, transparent and time-bound regulatory framework that operates strictly within legal boundaries. He noted that procedural delays and complex approval mechanisms are discouraging genuine investors and developers.
“A predictable and streamlined system will naturally promote compliance and documentation,” he added.
The ICCI proposed a series of reforms, including the introduction of a single-window system to simplify approvals, time-bound processing with clearly defined timelines, and greater digitization of procedures to enhance transparency and reduce bureaucratic hurdles.
On taxation, Mehmood called for rationalization of transaction-related taxes and the removal of overlapping levies that he said are dampening market activity and increasing the cost of doing business in the sector.
He also stressed the need to fast-track key legislations such as the Real Estate Regulatory Authority (RERA), foreclosure laws and condominium frameworks, which he said are essential for improving legal clarity and strengthening investor confidence.
Highlighting the role of overseas Pakistanis, Mehmood said they represent a significant untapped source of investment but require trust in the regulatory system. “If we provide a simple, transparent and predictable framework, overseas investment can increase significantly,” he said.
The real estate and construction sector has strong linkages with multiple industries, including cement, steel and banking, making it a key engine of economic activity.
Mehmood urged government institutions, regulators and the private sector to work in close coordination to implement reforms effectively, adding that Pakistan needs “smart regulation” focused on transparency, efficiency and enforcement rather than deregulation.
Analysts say meaningful reforms in the sector could unlock investment, boost housing supply and support broader economic recovery.