KARACHI: Association of Builders and Developers of Pakistan (ABAD) has welcomed the extension in the incentives for construction and housing industry by Prime Minister Imran Khan up to June 30, 2021 to boost this potential economic sector.

In a joint statement ABAD Chairman Fayyaz Ilyas, and office bearers of ABAD expressed their gratitude to the prime minister for this great favor to the nation as a whole as it would generate thousands of more jobs and give quantum jump to the economic growth apart from providing low cost housing to many people.

Earlier, fulfilling the major demand of the construction industry, Prime Minister granted one year extention in the date of fixed tax regime and date for completion of projects.