KARACHI:The Association of Builders and Developers (Abad) stopped work on all on-going projects in Karachi in protest against uncertainty over the future of the housing schemes, its chairman, Mohsin Sheikhani, said on Thursday.
In a statement, Sheikhani said that everyone was afraid that their buildings could be demolished in the future. He added that the builders would have to restore confidence of common man and satisfy the investors.
“Tell us from which agency we get permission [for the project] so that there was no action against the builders in the future,” he said, adding: “We have no other choice but to stop work on all projects. We will take our protest to the whole of Pakistan.”
Sheikhani said that it was the government’s job to inspect if there were errors in the project’s licence.
He added that Abad would stop work on all residential and commercial projects in Karachi, which jeopardising the investment of Rs900 billion.
