Task Force Recommends Policy Changes to Stimulate Growth in Real Estate and Construction Sectors
The government has finalized a comprehensive set of proposals aimed at reviving Pakistan’s real estate and construction sectors. These initiatives are designed to stimulate investment and create employment opportunities, thereby giving a significant boost to the economy.
Adil Aziz
FPCCI Backs New Tax Incentives to Boost Real Estate Sector
Mr. Atif Ikram Sheikh, President FPCCI, has appreciated the proposed tax measures to facilitate investments into real estate and construction sectors by the general public as 4 percent tax rate on sale and purchase of property has been a major obstacle in the development and commercial activities.
Mehfooz
Task Force Suggests Scrapping CVT and Section 7E to Revive Real Estate Sector
The Task Force for the development of the housing sector has recommended abolishing Section 7E of the Income Tax Ordinance and Capital Value Tax (CVT) in Islamabad. Additionally, they propose reducing transaction taxes on the buying and selling of immovable properties.
Challenging Economic Conditions and Ray of Hope for Real Estate Sector of Pakistan
Business networking lunch held at Lakeshore Tower’s site at TOP City-1, a delegation of Islamabad Chamber of Commerce & Industry, business Community leaders and government officials discussed the opportunities & critical challenges for Real Estate industry and showed their resolve to collectively work to enhance the potential of Real Estate industry.
Dubai’s Investment Potential Beckons Pakistani Investors
Amidst the ongoing global economic uncertainties, Dubai stands out as a beacon of opportunity and growth. Pakistani investors are increasingly turning their attention towards the emirate’s thriving economy and burgeoning sectors. In this regard, an event held in local five star hotel that successfully showcased the wealth of investment opportunities that Dubai offers to Pakistani…
Disruption crossing borders: Pakistan’s first blockchain-based real estate platform attracts investors in Dubai
In The fourth edition of the Pakistan Property Show was held in Dubai on the 10th & 11th of September. Hosted at the Dubai World Trade Center, the annual property expo attracted more than 20,000 visitors over two days. With over 60 exhibitors, the guests had a vast number of properties to choose from. DAO…
“Transparency in Real Estate will be lucrative for FDI,” says Jawad Nayyar, CEO of daoproptech.com
Pakistan’s real estate sector has come a long way in the past few decades. From a largely unorganized and unregulated industry, it has not only increased in magnitude but has become more resilient to changing economic circumstances. Today, real estate is one of the most significant investment avenues for the nation. It also employs one…
Real Estate sector badly affected by rising interest rates. What’s next for Pakistan?
Owing to the political turmoil of the last few months and the resumption of the IMF program, the current government has increased interest rates to control inflation, making their monetary policing efforts contractionary. With rising interest rates and money flowing to saving accounts schemes, people tend to sell their property and deposit in banks. The…