KARACHI: The policies announced by Prime Minister Imran Khan are a historic package that will transform the construction industry of Pakistan, said Chairman Association of Builders and Developers of Pakistan (ABAD) Mohsin Sheikhani.
The announced incentives will play a vital part in reviving the industry and in turn, boosting the national economy as 70 allied industries depend on it, he highlighted.
The incentives announced by the PM included elevating the status of the sector to industry, the establishment of the ‘Construction Industry Development Board’, implantation of a Fix Tax Regime (FTR) for the sector, no money trail required while investing in the sector, Withholding Taxes waived off on construction material except steel and cement, Capital Gains Tax not applicable on families selling properties, Rs30 billion in subsidy for Naya Pakistan Housing and 90% Fixed Tax waived off while investing in the scheme, Sales Tax Reduction will be decided after discussion with the provinces, and Punjab and KPK reducing the sales tax to 2%.
While thanking the PM for his efforts to facilitate the daily wagers, the Chairman requested the PM to consider a universal policy for approval of building plans throughout Pakistan, encouraging builders and developers can start construction as early as possible.
For news and blogs, visit Graana.com.
Garha Mor, a notable landmark in Vehari, Punjab, Pakistan, is significant in its location, accessibility,…
Located in the center of Wah Cantt, Aslam Market is a vibrant commercial hub that…
Located in the bustling heart of Lahore, Abid Market is a landmark shopping area well…
ISLAMABAD, Nov 16 (APP): The Chairman of the Capital Development Authority (CDA), Muhammad Ali Randhawa,…
Islamabad, Pakistan— IMARAT Group, a leading real estate developer and innovator in Pakistan, announces the…
Amma Tower, located in the bustling area of Saddar in Karachi, is a unique blend…
Welcome to Graana Blog - Pakistan’s Smartest Property Portal!
For more than a decade our intention has been to revolutionise the real estate industry in Pakistan. The same belief drove the vision of our real estate team, Graana where quality beats quantity.
We have introduced an extremely transparent and purposeful portal where we will help you buy, rent or sell your property. A place where you can sit back relax and let us market your projects and listings. We believe we have set new standards for the future of real estate in Pakistan by providing the smartest property portal.
