It is proposed to allow non-filers to buy property worth Rs10 million
Islamabad: The Prime Minister’s task force has designed a proposed package for the construction sector, after which the Ministry of Housing has submitted proposals for relief for the construction sector to the Federal Bureau of Revenue (FBR).
According to the documents, the package includes a proposal to provide relief to buyers in the housing sector, while there are plans to increase employment through the revival of the construction sector.
It is proposed to allow non-filers to buy property worth Rs10 million and to halve the tax rate on property sales, stated the documents.
The documents added that the total tax levied on property transactions is 11 to 14 percent, which is proposed to be reduced to 4 to 4.5 percent.
In addition, it is proposed to provide an easy procedure for overseas Pakistanis to purchase property and provide the facility for overseas Pakistanis to register online with NADRA.
According to the documents, the package also includes a proposal to allow filers to include property worth Rs50 million in their wealth statement.
History has a warning for the new Democratic majority
- 5 گھنٹے قبل
Did the midterms kill MAGA?
- ایک دن قبل
Epic Games Launcher is coming to SteamOS
- ایک دن قبل
Are you abandoning the fight if you move from a red state to a blue one?
- 2 دن قبل
Democrats made three big economic promises. They’ll need to break one.
- 5 گھنٹے قبل
Soul Glo’s Diaspora Problems is a hardcore record like no other
- ایک دن قبل
NYT Cooking’s AI assistant saved my weeknight chicken, but almost ruined my cake
- ایک دن قبل
The UV-tracking Gem made me rethink how sunlight affects my health, not just my appearance
- ایک دن قبل
Hegseth’s “maximum lethality” comes back to haunt him
- ایک دن قبل
The biggest blue wave in 50 years, explained in 7 charts
- 5 گھنٹے قبل
Could this bacteria save coral reefs from the heat?
- 5 گھنٹے قبل
Iran will not allow enriched nuclear material to leave the country, security chief says
- 2 دن قبل
