Miftah assures realty sector of relief

ISLAMABAD:

Federal Minister for Finance and Revenue Miftah Ismail on Tuesday assured the real estate sector stakeholders that their proposal about capital gains tax would be considered by the government.

The minister gave the assurance during a meeting with a delegation of DHA Estate Agents Association, headed by its Chief Patron Mian Irfan, according to a statement issued by the finance ministry.

The minister told the delegation that the government would consider a relief in terms of capital gains tax. He directed the Federal Board of Revenue (FBR) to formulate a separate mechanism for facilitating the overseas Pakistanis and reviving business activities in the country.

Highlighting the proposed taxes on real estate, the minister emphasised that the sector should contribute to the economic development of Pakistan.

He stressed that the government would consider their proposals for the economic betterment of the country.

The delegation, in the meeting, discussed the proposed taxes on real estate and presented suggestions for the promotion of economic activities. It praised the minister for extending cooperation and support to the real estate sector.

Senior office-bearers of the association were present in the meeting, the statement added.

Published in The Express Tribune, June 22^nd, 2022.

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