Gohar appointed ABAD (North Region) chairman

Business Recorder reported that Sultan Gohar, who runs Lake City Holdings as chief executive, will lead the North Region of the Association of Builders and Developers of Pakistan (ABAD) for the next two years. The Executive Committee of ABAD approved his nomination, and the body is optimistic that his industry background will strengthen growth in construction and property.

ABAD extended its best wishes to him and said it has faith he can tackle sector problems and push forward property and building activity. The report notes that construction and property remain important for economic activity, investment and employment, and that the sector supports allied industries such as cement and steel.

His new role involves voicing builders' and developers' concerns and pushing for sustainable expansion across the property segment. The post is for a two-year term.