Federal Finance Minister Muhammad
Aurangzeb has announced that the government is preparing a relief package for
Pakistan’s construction and property sector, which may include reductions in
tax rates to support real estate investment and development.
The announcement was made
during his address at the regional office of the Federation of Pakistan
Chambers of Commerce and Industry (FPCCI) in Lahore. He confirmed that Prime
Minister Shehbaz Sharif will soon unveil the package aimed at reviving
construction activity and restoring investor confidence.
The finance minister
emphasized that the construction sector plays a vital role in Pakistan’s
economy, supporting dozens of allied industries and creating large-scale
employment. He added that lowering property-related taxes is under serious
consideration to encourage investment and stimulate growth.
Government officials and
business leaders discussed sector-specific proposals during the meeting,
highlighting the need for investor-friendly policies and tax relief. The
proposed measures are expected to boost real estate activity, support
developers, and create a more favorable environment for property investment in
Pakistan.
The upcoming relief package is
seen as a positive step toward strengthening Pakistan’s construction sector and
accelerating economic growth through increased real estate development.