ABAD Archives - Page 3 of 4

ABAD urges barter trade to save construction industry

January 31, 2023January 31, 2023Faisal Shahnawaz

KARACHI: Association of Builders and Developers (ABAD) of Pakistan has urged the authorities to allow import of raw material on barter trade to save domestic construction industry.

ABAD denounces IMF demand to stop incentives

February 8, 2022February 8, 2022Hamza Shahnawaz

KARACHI: Mohsin Sheikhani, Chairman Association of Builders and Developers of Pakistan (ABAD) has strongly denounced the demand of the International Monetary Fund (IMF) for ‘Unwinding’ the two key measures for the promotion of housing and construction activities and said that the suggestion of IMF will further weaken the economy of Pakistan. In a statement on […]

Builders, developers stop work on all projects in protest

November 25, 2021November 26, 2021Faisal Shahnawaz

KARACHI: Builders and developers have announced to stop construction work on all their projects from Friday, November 26, 2021 against the declaration of null and void to approved projects. Mohsin Shekhani, Chairman, Association of Builders and Developers Pakistan (ABAD) in a statement said that work at all the approval projects in Karachi will stop functioning. […]

MTO Karachi asks taxpayers to file income tax returns

September 22, 2021January 14, 2024Faisal Shahnawaz

Hameed Memon, Chief Commissioner Inland Revenue of the Medium Tax Office (MTO) in Karachi, has issued a heartfelt appeal to taxpayers, urging them to file their income tax returns as a national obligation and a service to the country.

Builders, developers demands action against price hike

August 31, 2021October 8, 2025Hamza Shahnawaz

KARACHI: Fayyaz Ilyas, chairman, Association of Builders and Developers of Pakistan (ABAD), has demanded stern action against the cartel of cement manufacturers. He said that cement and steel are basic raw material for the construction industry

ABAD seeks amnesty scheme extension for six months

August 1, 2021August 1, 2021Mrs. Anjum Shahnawaz

KARACHI: Association of Builders and Developers (ABAD) has urged the government to extend the amnesty scheme for six months to document another Rs1 trillion. Fayyaz Ilyas, Chairman, ABAD, in a statement said that the investment in Construction Industry will double to Rs2 trillion if special construction package is extended at least for six months. Quoting […]

Amnesty scheme should be extended for one year: ABAD

May 20, 2021May 20, 2021Mrs. Anjum Shahnawaz

KARACHI: The Association of Builders and Developers (ABAD) has demanded the government of extending the amnesty scheme granted for boosting of construction sector. ABAD Chairman Fayyaz Ilyas in a statement demanded to extend amnesty scheme for real estate and construction industry by at least one year. He said that due to unprecedented situation created by […]

ABAD demands abolishing regulatory duty on steel bars

May 18, 2021January 4, 2025Mrs. Anjum Shahnawaz

KARACHI: The Association of Builders and Developers (ABAD) on Tuesday called on the government to abolish the Regulatory Duty (RD) and Additional Regulatory Duty (ARD) on the import of steel bars, emphasizing the need to stabilize their soaring prices in the domestic market.

ABAD welcomes date extension for construction package

December 31, 2020February 13, 2025Mrs. Anjum Shahnawaz

KARACHI: The Association of Builders and Developers of Pakistan (ABAD) has warmly welcomed Prime Minister Imran Khan’s decision to extend incentives for the construction industry until June 30, 2021.

ABAD terms hike in steel, cement prices as conspiracy against Naya Pakistan Housing

December 22, 2020December 22, 2020Mrs. Anjum Shahnawaz

KARACHI: Association of Builders and Developers (ABAD) on Tuesday expressed concerns over sudden rise in prices of steel and cement, the basic raw material for construction industry, and termed it as a conspiracy against provision of affordable housing scheme launched by the government. Fayyaz Ilyas, Chairman, ABAD in a statement expressed deep concern over sudden […]

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