Govt Assures Relief For Real Estate Sector

Web Desk — Finance Minister Miftah Ismail on Tuesday assured the real estate stakeholders that their proposal about capital gain tax would be considered by the government.

The minister was talking to a delegation of the DHA Estate Agents Association headed by Chief Patron Mian Irfan. The minister assured the delegation to consider the relief in terms of capital gains tax. He directed the Federal Board of Revenue (FBR) to formulate a separate mechanism for facilitating the non-filer overseas Pakistanis to revive business activities in the economy.

The Finance Minister assured the delegation that government would consider their proposals for the economic betterment of the country. The delegation thanked the Finance Minister for cooperation and support.

On the occasion, the delegation discussed with the minister the proposed taxes on real estate and presented suggestions for the promotion of economic activities in Pakistan.