Govt to consider extending PM’s construction amnesty scheme

ISLAMABAD: Given the success of Prime Minister Imran Khan’s tax amnesty scheme for the construction industry, the Federal Government is considering extending the scheme by three to six months.

invest with imarat

Islamabad’s emerging city centre

Learn More

It was revealed that the Federal Board of Revenue (FBR) has been directed by the PM’s office to prepare a draft of a presidential ordinance to further extend the tax amnesty scheme.

As per the deadline, the scheme will expire on December 31, 2020.

Promoting construction activities, the authorities registered over 350 projects, with an estimated cost of Rs140 billion under the scheme.

However, the final decision will be taken if the International Monetary Fund (IMF) also endorses the proposal.

 

For news and blogs, visit Graana.com.

Maham Tahir

Recent Posts

Lahore’s Central Business District Completes PKR 9 Billion Smart Road Project

Lahore, April 23, 2025 – The city of Lahore has successfully completed the construction of…

24 hours ago

Chaaye Khana Unveils First-Ever Rooftop Outlet at Amazon Mall with Panoramic Views

ISLAMABAD, Pakistan – April 23, 2025 – Chaaye Khana, Pakistan's popular cafe renowned for its…

3 days ago

PM Shehbaz Inaugurates Murree Road Underpass Project

ISLAMABAD: Prime Minister Shehbaz Sharif laid the foundation stone for the Murree Road underpass on…

3 days ago

Pakistan Emerges as Prime Investment Destination, Say Real Estate Developers at Dubai Property Show

DUBAI: Pakistani real estate developers and representatives showcased a range of commercial and residential investment…

4 days ago

CDA to Transform Park Road Nursery Under Rs652 Million Gardenia Hub Project

ISLAMABAD: Capital Development Authority (CDA) is currently undertaking a major Rs652 million project to upgrade…

1 week ago

Citywide Anti-Encroachment Drive to Begin in Karachi

Karachi – Mayor Barrister Murtaza Wahab has announced the launch of a citywide anti-encroachment operation…

1 week ago