ISLAMABAD: The Security Exchange Commission of Pakistan (SECP) on Thursday conducted the final phase of public consultation on Real Estate Investment Trust Regulations (REIT).
As per the details, public consultations are being conducted for bringing new amendments to the REIT regulations 2015. The new amendments will be a precursor to ease of doing business, increasing efficiency, and formalising the real estate sector.
The commission has also invited comments from the public as issued through the notification on the website within fourteen days.
With proposed amendments, it is expected that REITs will provide new financing solutions and capital investment for the increasing infrastructure demand of the country.
Moreover, it is also expected that the new amendments will open a new gateway for Public-Private Partnership (PPP) and it will also remove the barriers which had kept the opportunities unexplored.
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