Prime Minister Imran Khan announced that the Govt of Pakistan has extended the fixed tax regime to Dec 31, 2021. He said this had been a big demand from the construction industry which was why they were given an "extra year". The Prime Minister said, "We believe that the economic activity that this will generate only in Punjab will be equivalent to Rs1,500bn and will result in 250,000 jobs. Similar...
The Prime Minister’s incentive scheme for builders & developers of Pakistan is now picking-up showing signs of success and a great amount of interest by the construction industry. According to the released information by the Federal Board of Revenue, till 19th October 2020, a total of 127 projects have been registered with a total projected cost of Rs. 63 billion. In addition, a total of 108...
Builders and developers can save around six times on taxes if they register under the Prime Minister Imran Khan's construction package as it has a fixed regime. “This saving on tax will add up to whatever profit you make,” explained the FBR’s Abdul Hafeez while addressing them at a seminar on the ‘PM’s Package on Naya Pakistan Housing Scheme’ at the Association of Builders and Developers...
Cement sector sales up 30pc in June 2020 in Pakistan Domestic uptake increases 19.6pc to 3.83m tonnes in June 2020, while exports surge 123pc to 0.78m tonnes Overall cement consumption in FY20 inched up 2pc to 47.81m tonnes, mainly on the back of 19.8pc growth in exports Pakistan’s cement industry during the FY19-20 (July 2019-June 2020) recorded a rise of two per cent to 47.81Mt in total cement...
Punjab Govt launches one-window operation through e-governance for issuance of NOC & other licenses for the construction sector. To fulfill Prime Minister Imran Khan's vision of a digital Pakistan and ease of employment, the Punjab government has introduced a one-window operation based on e-governance to facilitate obtaining NOCs and licenses from the construction sector. Now you don't need...
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