Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
No Result
View All Result
Home Chambers & Associations

Long delay in completion of New Islamabad Airport irks businessmen

byCT Report
12/05/2016
in Chambers & Associations, Pakistan Chambers
Share on FacebookShare on Twitter

ISLAMABAD: The local business community in a meeting at the Islamabad Chamber of Commerce and Industry (ICCI) has shown concerns over the long delay in the construction of new Islamabad International Airport as excessive delay in its completion was pushing up its cost, causing unnecessary wastage of public money and hampering growth of trade and exports from this region.

They called upon the government to ensure early completion of this important project as a modern and state-of-the-art airport was badly needed in Islamabad to facilitate businessmen and investors in air travel as well as to encourage growth of business activities.

You might also like

BMP questions budget’s ambitious tax target, fears more reliance on levies

18/06/2026

RCCI holds post-budget session to review Federal Budget 2026

17/06/2026

ICCI President Atif Ikram Sheikh said long time ago, the Civil Aviation Authority (CAA) had announced that New Islamabad International Airport would be operational by October 2016, but as per latest briefing by the Secretary Aviation Division to the Senate Standing Committee on Cabinet Secretariat, the NIIA will reportedly be completed by the end of the current year and its operation would take another six to eight months which reflected on the poor planning and execution of this project of high importance.

He said the foundation of New Islamabad International Airport was laid in 2004 and its construction work was started in 2008 at an initial estimated cost of Rs.37 billion and it was to be completed by 2013. However, despite the lapse of over a decade since its inauguration, it was still not clear when this project would be completed while its cost has also jumped to Rs.100 showing an increase of about 170 percent in its initial cost which was enough to prove how taxpayers money was being wasted carelessly.

He said the current operational airport in Islamabad was catering to about three million people annually while the volume of passengers was on the rise and there was a dire need for timely completion of NIIA to handle increasing number of air passengers. He said the new airport would play an important role in boosting business and investment activities in this region and stressed that government should accord high priority to its early completion as more delay would further enhance its cost, keep the air travelers including businessmen of this region deprived of modern air travel facilities and would be a an unnecessary drain on the national exchequer.

Related Stories

BMP questions budget’s ambitious tax target, fears more reliance on levies

byCT Report
18/06/2026

ISLAMABAD: The Federation of Pakistan Chambers of Commerce and Industry’s (FPCCI) Businessmen Panel (BMP) has questioned the government’s ambitious budget...

RCCI holds post-budget session to review Federal Budget 2026

byCT Report
17/06/2026

RAWALPINDI: The Rawalpindi Chamber of Commerce and Industry (RCCI) on Wednesday held a post-budget session to review and analyse the...

Karachi jewellers announce strike call over FBR actions

byCT Report
16/06/2026

KARACHI: The All Pakistan Sarafa Gems and Jewellers Association has announced a strike call for Tuesday, with markets in Karachi...

Traders demand removal of Rs25,000 fixed tax in Finance Bill 2026

byCT Report
15/06/2026

LAHORE: The business community has called on the government to withdraw the fixed tax component from the newly proposed trader...

Next Post

Kohat ASO seizes items worth Rs 22m in 10 days of May

  • Terms and Conditions
  • Disclaimer

© 2011 Customs Today -World's first newspaper on customs. Customs Today.

No Result
View All Result
  • Transfers and Postings
  • Latest News
  • Karachi
  • Islamabad
  • Lahore
  • National
  • Chambers & Associations
  • Business
  • About Us

© 2011 Customs Today -World's first newspaper on customs. Customs Today.