Government Announces Tax Relief Package for Pakistan’s Construction and Property Sector

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.

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