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.
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.
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