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Document Type: | General |
Publish Date: | March 30, 2018 |
Primary Author: | Interview with M Akber Sheikh, Managing Director of Guarantee Engineers |
Edited By: | Arsalan Hasan |
Published By: | BR Research |
There are several reasons why supply is low. One of them is that our regulatory agencies have made the approval of housing schemes so difficult that it encourages the creation of an illegal sector. Then they complain about illegal activity in the housing sector. I have been the Chairman of ABAD; we tell the authorities that since we represent the organised and compliant sector, illegal housing schemes mean taking away our customers. So the effort against illegal housing should be a joint effort of ABAD and the authorities. Associations play a huge role. They evolve through interactions with and support of the government. They should be able to interact with all levels of government. This has happened with APTMA, so much so that any scheme regarding textile by the government is done in consultation with the association. Same has happened with developers in Karachi. You cannot work in Karachi without the support of ABAD.