Showing posts with label Association of Builders and Developers. Show all posts
Showing posts with label Association of Builders and Developers. Show all posts

Friday, November 13, 2015

ABAD, Police to work jointly for problems resolution

By Abdul Qadir Qureshi
(Pakistan News & Features Services)

The DIG South, Dr Jamil Ahmed, has recognized that the construction industry provides job opportunities on a very large scale and, therefore, its problems relating to law and order would be tackled on preferential basis.

He was speaking at a function organized by the Association of Builders and Developers (ABAD) at the ABAD House in Karachi Those present on the occasion included Chairman ABAD, Mohammed Hanif Gohar, Vice-Chairman Mohammed Ramzan Adhia, Regional Chairman Asif Sumsum and others. 

The DIG reckoned that the law and order situation in Karachi has improved by 80 percent while efforts are being made to curb other minor crimes as well. 

He was appreciative of the ABAD's role towards promotion of national economy and stated that his doors were open for every ABAD member. 

He said that the cooperation with ABAD will not be restricted to District South but the entire Karachi Police will extend its helping hand. 

On the occasion he formed a mutual coordination committee to help immediate resolution of the problems being faced by the ABAD members. The committee will comprise SSP Investigation, Abid Hussain Qaimkhani, from the police side and Junaid Ashraf from ABAD. 

Addressing the function, the ABAD Chairman, Hanif Gohar paid tributes to the Karachi Police and specially DIG Dr Jamil Ahmed for re-establishing law and order in Karachi. 

He said that the confidence of builders has greatly been restored because of high performance of Police and Rangers and now they felt themselves more secured while carrying out their business activities. 

The Chairman of ABAD’s Southern Region, Asif Sumsum, remarked that builder's 90 percent problems have been resolved mainly due to restoration of law and order for which he paid tributes to the police.

Friday, October 30, 2015

Water Board chief promises to lift ban for new connections by Nov 15

By Abdul Qadir Qureshi
(Pakistan News & Features Services)

The Managing Director of the Karachi Water and Sewerage Board, (KW&SB), Misbahuddin Farid, alongwith senior officials of the organization, visited the ABAD House on October 29 where a meeting was held with the functionaries of the Association of Builders and Developers.

The ABAD delegation, led by their President, Mohammad Hanif Gohar, briefed the KW&SB officials about the problems caused by the ban on new water connections and route alignment to the K-IV project. 

After a detailed disucusion, a committee, comprising of two members of ABAD, was formed to coordinate with the KW&SB in order to resolve the problems being faced by the housing and construction industry. 

However, Misbahuddin Farid, Managing Director, KW&SB, categorically announced that the ban on new connection of water for builders and developers will be lifted by November 15 and those having already paid the water challans will also be provided connection by this date.

Monday, October 5, 2015

ABAD hails removal of lease ban

By Abdul Qadir Qureshi
(Pakistan News & Features Services)

The Chairman of the Association of Builders and Developers (ABAD), Mohammad Hanif Gohar, has appreciated the removal of ban on leases on KDA and KMC lands.

He praised the role of the Sindh Minister for Local Government, Syed Nasir Hussain Shah, who during his visit to ABAD House the other week, had promised to remove the ban on leases. 

The Administrator Karachi, Sajjad Abbasi, Director General SBCA, Mumtaz Haider, MD KW&SB, Misbahddin Fareed, had also attended the meeting. 

The ABAD Chairman reckoned that this step will be very helpful in providing housing facilities to the people of Karachi as the ban which was imposed on July 31, 2015 was causing immense difficulties to the public. 

Hanif Gohar expressed his gratitude to the Karachi Administrator and the Metropolitan Commissioner, Samiuddin Siddiqui, for issuing directives to the District Registrar for opening the leasing process in jurisdiction of KMC and KDA.

Monday, July 6, 2015

ABAD appeals for withdrawal of new taxes

By Abdul Qadir Qureshi
(Pakistan News & Features Services)

The top functionaries of the Association of Builders and Developers of Pakistan (ABAD) have expressed their grave concern over the Finance Bill 2015-2016 and imposition of 0.6% withholding tax on all banking transactions including withdrawal of Rupees fifty thousand cash in a day from bank accounts.

Junaid Ashraf Taloo, Chairman, Mohammad Hanif Memon, Vice Chairman, and Mohammad Hassan Bakshi, Chairman, Southern Region, in a joint statement, said that the levy of this tax was unjustified and could prove to be a disaster to all businesses including the housing sector. 

The ABAD chairman added that it was the policy of the of government to increase the tax net but in reality it depicted the sheer failure of Federal Board of Revenue which had made tall claims of increasing tax payers during the last many years. 

It is pertinent to mention that each and every member of ABAD is a taxpayer but even then their names do not appear on the list of active tax payers. Whereas their names do appear in the FBR portal thereby tax amount of 0.6% is being deducted on all transactions. 

Hanif Memon, Vice Chairman, ABAD, stated that the imposition of withholding tax on banking services will create parallel system of direct cash dealings which will affect the banking sector as non-banking channels will flourish. 

Hassan Bakshi, Chairman, Southern Region, ABAD, remarked that account holders have already started withdrawing cash from their accounts to keep it in their lockers and it seems that we are moving in the old times when gold coins were used to make transactions. 

Furthermore the ABAD chairman felt that with great difficulty the business climate was improving, the politicians should not indulge in any adventure which derailed the economy. 

“The memories of freezing foreign currency bank accounts is still fresh in minds of the business community,” Junaid Taloo recalled. 

He appealed to the Federal Finance Minister, Ishaq Dar, to abolish the imposed tax as it was creating confusion and unrest as businesses are being subjected to double taxation. “This abolishment will also help builders and developers, businessmen and industrialists to engage themselves in business without the fear of double taxation,” the ABAD Chairman concluded.

Friday, June 12, 2015

ABAD appreciates budget, desires more relief

By Abdul Qadir Qureshi
(Pakistan News & Features Services)

The Association of Builders and Developers (ABAD) has welcomed the recognition of the construction industry at the national level as their proposal was incorporated in the federal budget for the fiscal year 20015-16.
Addressing a press conference Junaid Ashraf Taloo, Chairman, Mohammad Hanif Memon, Vice Chairman, and Mohammad Hassan Bakhshi, Chairman, Southern Region, observed that for the first time the construction industry was given its due importance with the acceptance of the ABAD proposal in the federal budget. Zaigham Mahmood Rizvi, housing expert, and Saleem Kassim Patel, Convenor Budget Committee, were also present on the occasion. 
“If our proposals would have been accepted in total, it would have reduced the housing cost by 15% and increased in revenue collection of government,” they declared. Junaid Ashraf Taloo appreciated the Federal Finance Minister, Ishaq Dar, for taking some positive steps for construction industry. 
“We would have witnessed phenomenal growth of the construction industry if all our proposals were accepted. Further it would have provided greater relief to common man regarding low cost houses,” the ABAD Chairman stated. 
“A few automatic re-rolling mills hold monopoly and they are selling the steel bars at a much higher rate. In the local market steel bars are being sold through cartellization at the rate of Rs.85,000 per ton,” he pointed out. 
He appealed to the government to allow import of steel bars to the ABAD members directly whose benefit will be passed on to common man. He asked the government to abolish Federal Excise Duty on sale of cement may be abolished. The ABAD had proposed that sales tax on cement be charged at ex-factory rate instead of the market rate. 
He urged the government to establish Mortgage Finance Board to boost the housing sector so that the shortage of 80 lacs houses was minimized, besides asking the authorities to abolish Provincial Services Sales Tax on builders since they were not classified as service providers. 
“The government has to provide discount in Mortgage Financing and the Markup should be decrease to 4% or 5%, it will improve the purchasing power of common man. The ban on gas connection should be lifted,” the ABAD Chairman appealed. 
The ABAD proposals also included the start of first phase of Motorway M-9 from Karachi instead of Hyderabad, allocation of funds for K-IV water project to solve the water problem of Karachi, and the fixation of markup on house finance @ 3% only.

Wednesday, March 25, 2015

Hanif Gohar nominated in FPCCI committee

By Abdul Qadir Qureshi
(Pakistan News & Features Services)

Mohammad Hanif Gohar, a prominent figure in the construction industry, has been nominated as the Senior Vice Chairman of the Urban Development Standing Committee of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) for the year 2015. He had served in the same capacity with distinction last year as well.

Hanif Gohar, who was elected as the Vice Chairman of the Association of Builders and Developers (ABAD) in 2013-14, has been known and respected for his contribution in boosting the trade. 

He expressed the confidence that the Urban Development Standing Committee of the FPCCI will continue working proactively for the growth of the construction sector in order to create greater employment opportunities for the people.

Monday, February 2, 2015

Khurshid Shah to facilitate in resolving construction industry’s problems

By Abdul Qadir Qureshi
(Pakistan News & Features Services)

Syed Khurshid Ahmed Shah, a former Federal Minister and now the Leader of Opposition in the National Assembly, urged the government to provide incentives to the construction industry as it played an important role in the economic development of the country.

He made the observation while talking to a delegation of the Association of Builders & Developers of Pakistan (ABAD), led by its chairman, Junaid Ashraf Taloo, which called on him during his recent visit to Karachi. 

Khurshid Shah vowed to raise the issue of gas, electric and water connections on the floor of the house. The Leader of the Opposition promised to extend full cooperation for meeting the demands of ABAD members. 

The ABAD delegation included Vice Chairman, Mohammad Hanif Memon, Regional Chairman, Mohammad Hassan Bakshi, and members, Owais Thanvi, Rizwan Adhia, Arif Jeewa, Fayyaz Ilyas, Mustafa Thanvi, Anwar OK and Sohail Warind.. 

The ABAD Chairman pointed out that Karachi contributed 67% of revenue to the national exchequer and the construction industry was providing employment to a vast majority of people. 

Junaid Ashraf regretted that due to ban on gas connections to high rises and housing societies, the investment of billions of rupees of builders and allottees had been blocked. 

“Although Sindh is producing 70 % natural gas but the right to get gas connection in high rises and housing societies is being denied,” he said. 

The Vice Chairman, Hanif Memon, stated that moratorium on new gas connections was imposed in 2011 for a period of two years apparently to support LNG business. 

The Regional Chairman, Hassan Bakshi, reckoned that if all pending applications for gas connections of all builders of Karachi, Hyderabad and Sukkur were accommodated, the total requirement of gas will be less than 1 MMCFD. 

On the issues of K-Electric, he said that even under Self Finance Scheme, the builders have to provide a bank guarantee for which they have to deposit 100% cash margin which caused double financial burden on them. He demanded that the bank guarantee should not be more than 10% to 15% of the total amount. He also called for the reduction of tariff for TL connection.

Monday, January 26, 2015

PTCL assures cooperation to ABAD

By Abdul Qadir Qureshi
(Pakistan News & Features Services)

The President and CEO of the Pakistan Telecommunication Company Limited (PTCL), Walid Irshaid, has assured the Association of Builders and Developers (ABAD) to resolve the telecommunication issues of their members. 

The PTCL chief gave the assurance during his visit to the ABAD House in Karachi during which he had a detailed meeting with a delegation of the Association, headed by their Chairman, Junaid Ashraf Taloo.

The meeting was attended by a number of members of the ABAD and officials of the PTCL. 

“The PTCL is always willing to address the telecommunication issues of members of ABAD. The facilities like telephone and DSL boradband will be provided at the project site during the construction so that the concept of plug and play is materialized,” Walid Irshaid declared. 

The ABAD Chairman appreciated the assurances coming from the PTCL President but expressed his reservations about the infrastructure of the Corporation having becoming old and obsolete which needed to be updated on an urgent basis. 

The PTCL President revealed that his organization was already working on this matter and hopefully the improvement will materialize in the very near future. 

To a question Walid Irshaid explained that the efforts were being made to bring the standard of the PTCL at par with that of Etisalat. He said that all their services could be compared with those available in any country of the world. 

“The change has begun in the PTCL but taking into account the population and size of Pakistan it is going to be gigantic task,” he added. 

Mohammad Hassan Bakshi, Chairman, Southern Region, suggested that the sim verification should be made on annual basis to curb criminal activities. 

The PTCL President emphasized that no compromise will be made on the national security issues.