{"id":63987,"date":"2025-01-29T14:04:51","date_gmt":"2025-01-29T09:04:51","guid":{"rendered":"https:\/\/dailyausaf.com\/en\/?p=63987"},"modified":"2025-01-29T14:04:51","modified_gmt":"2025-01-29T09:04:51","slug":"govt-mulls-tax-reduction-in-property-sector","status":"publish","type":"post","link":"https:\/\/dailyausaf.com\/en\/business\/govt-mulls-tax-reduction-in-property-sector\/","title":{"rendered":"Govt mulls tax reduction in property sector"},"content":{"rendered":"<p>ISLAMABAD: The federal government has been considering a major step to boost the <a href=\"https:\/\/dailyausaf.com\/en\/business\/punjab-extends-property-tax-to-housing-societies-beyond-cities\/\">property sector<\/a> in Pakistan including the reduction in property taxes.<\/p>\n<p>Finance Minister Muhammad Aurangzeb and top FBR officials held a meeting where proposals regarding the revival of real estate were considered.<\/p>\n<p>According to FBR sources, the government is considering reducing tax rates on property transactions, however, the IMF will be taken into confidence before the decision.<\/p>\n<p>Following the approval from global lender, a comprehensive package will be introduced for the real estate sector, the main objective of which will be to boost this sector.<\/p>\n<p>As per detail, it is proposed to reduce the advance tax for filers from 4% to 0.5%. A\u00a0significant tax reduction is expected on properties worth more than Rs 100 million.<\/p>\n<p>As per sources, the FBR has started working on a comprehensive package for the real estate sector<\/p>\n<p>Furthermore, a comprehensive package will be introduced for the real estate sector, while the Prime Minister has also directed to reduce the tax rate.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>ISLAMABAD: The federal government has been considering a major step to boost the property sector in Pakistan including the reduction in property taxes. Finance Minister Muhammad Aurangzeb and top FBR officials held a meeting where proposals regarding the revival of real estate were considered. According to FBR sources, the government is considering reducing tax rates [&hellip;]<\/p>\n","protected":false},"author":14,"featured_media":63993,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[26156,26157],"class_list":["post-63987","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-property-sector","tag-tax-reduction"],"_links":{"self":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts\/63987","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/users\/14"}],"replies":[{"embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/comments?post=63987"}],"version-history":[{"count":1,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts\/63987\/revisions"}],"predecessor-version":[{"id":63994,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts\/63987\/revisions\/63994"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/media\/63993"}],"wp:attachment":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/media?parent=63987"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/categories?post=63987"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/tags?post=63987"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}