ISLAMABAD: Prime Minister (PM) Imran Khan acknowledged the contribution of the construction sector in Pakistan’s economy, with the government deciding to provide special tax relief and incentives to businesses and industries related to construction sector and support low-cost housing projects.
A meeting was held for discussions on the restoration and promotion of the construction sector, with tax authorities informing the PM that the government has finalised a simplified fixed tax scheme for developers and builders, offering a 90% reduction in tax for low-cost housing schemes, chiefly the Naya Pakistan Housing Authority (NPHA).
The premier said that promotion of the sector is among the top priorities of the government, adding that development of the construction sector is essential to accelerate economic growth. As many as 40 industries are associated with construction and have a huge potential to create job opportunities for the youth.
The meeting’s participants discussed various suggestions on provision of loans for construction, uniform tax rates in provinces and enhancing public private partnership in the sector.
For more news and blogs, visit Graana.com.
Quetta Town is a residential neighbourhood located in the vibrant city of Karachi, Pakistan. Known…
Akbar Chowk in Lahore stands as one of the city’s most critical intersections, serving as…
Khuda Baksh Colony, located near Bhatta Chowk in Lahore, is a rapidly developing residential area…
Gol Market in Karachi is one of the city's most iconic and bustling commercial centres.…
Model Town, located in the heart of Gujranwala, is one of the city’s most prestigious…
ISLAMABAD, Pakistan— In a major move to address the longstanding grievances of overseas Pakistanis, the…
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.
