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

Graana.com Hosts Stakeholder Meeting with DHA Partners & Realtors: Expanding AMD Affiliate Partnership Program

In a bold move to revolutionize the real estate sector in Pakistan, Graana.com recently hosted…

18 hours ago

POF Guest House: Comfort & Luxury Under One Place

The POF (Pakistan Ordnance Factories) Guest House is a prestigious accommodation facility that offers a…

2 days ago

D.M. Textile Mills Switch to Real Estate Betting Big on Success

January 3, 2025 – Moving looms to land D.M. Textile Mills Limited (PSX: DMTX) has…

2 days ago

Dubai’s Smart Rental Index Set to Redefine Pricing Standards

Dubai is set to introduce a new 'smart rental index' in January 2025, which aims…

3 days ago

Climate Change: Transforming the Future of the Real Estate Sector

In recent years, the urgency surrounding climate change has shifted its status from a peripheral…

3 days ago

Exploring the Natural Beauty of Khaira Gali

Located in the breathtaking Galyat region of Pakistan, it is a serene mountain resort town that…

3 days ago