09/04/2020
Incentives announced by PM for Construction Sector
1. No question will be asked about investment in construction sector this year
2. Fix Tax Regime for construction sector
3. 90 percent Fixed Tax will be waved off if invested in Naya Pakistan Housing Scheme
4. All With Holding Taxes waved off
5. Federal Government will discuss with Provinces regarding sales tax reduction. Punjab and KPK have reduced sales tax to 2 percent
6. No Capital Gain Tax will be charged in case of Family house sell
7. Rs 30 Billion Subsidy for Naya Pakistan Housing Scheme
8. Status of Industry to Construction sector
9. Construction Industry Development Board to be established for development of Construction Industry
