Sindh may reduce provincial property tax from 7% to 1%

Karachi: The Sindh government is ready to consider reduction of property tax on every transaction from 7% to 1%. While registration of real estate agencies will help curb fake businesses. As a result revenue will increase for the provincial and federal governments. The Sindh Local Government Minister Saeed Ghani and Revenue Minister Makhdoom Mehboobuz Zaman discussed details with a delegation of the All-Karachi Realtors Association headed by its chairman S.M. Irfan.

invest with imarat

Islamabad’s emerging city centre

Learn More

The delegation was informed that the Sindh government will launch an online service with computerized land records within a month. Further a one-window facility for approval of building designs, from 66 to 399 square yards, is already in operation.

The Minister advised the delegation to take their request to reduce the federal tax on property from 3% to 1% to the Federal government. The Minister also noted the request of the delegation to include the process of mutation under a one-window operation.

For news and updates keep on visiting Graana blog

Maham Tahir

Recent Posts

Baghbanpura Bazar: A Historic Market in Lahore

Lahore, known as Pakistan's cultural and historic heart, is home to numerous ancient sites, bustling…

10 hours ago

Garha Mor: A Notable Landmark in Vehari City

Garha Mor, a notable landmark in Vehari, Punjab, Pakistan, is significant in its location, accessibility,…

2 days ago

Aslam Market Wah Cantt: Pleasure of Shopping & Dinning

Located in the center of Wah Cantt, Aslam Market is a vibrant commercial hub that…

3 days ago

Abid Market Lahore: An Iconic Shopping Landmark

Located in the bustling heart of Lahore, Abid Market is a landmark shopping area well…

4 days ago

CDA Chairman Urges Rapid Completion of Major Islamabad Interchanges

ISLAMABAD, Nov 16 (APP): The Chairman of the Capital Development Authority (CDA), Muhammad Ali Randhawa,…

4 days ago

IMARAT Announces Launch of Pakistan’s Largest Sharia-Compliant REIT – A New Era of Real Estate Investment

Islamabad, Pakistan— IMARAT Group, a leading real estate developer and innovator in Pakistan, announces the…

4 days ago