The government’s probable decision to provide tax breaks in the upcoming budget has given Pakistan’s faltering real estate market new optimism. The new tax incentives are intended to revitalize the nation’s building and real estate development industries following months of sluggish growth and waning investor enthusiasm. The government can increase the appeal of real estate as an investment by cutting capital gains tax, lowering taxes on real estate transactions, and providing exemptions for specific forms of property income. In addition to helping investors and real estate developers, these policies are anticipated to boost related sectors including steel, cement, construction, and home furnishings, which would boost the economy and create jobs.
Reviving real estate
One of most significant steps is reduction in withholding tax on purchase and sale of property
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