ISLAMABAD: Prime Minister Imran Khan on Friday said the government was providing subsidy and incentivising construction industry to help low income people to have their own houses. “Rs35 billion have been allocated for subsidy on construction of houses by the low income people,” said the prime minister while speaking at a ceremony during his visit … Read more
BEIJING: It is an inevitable trend for China to export complete sets of equipment and transfer production capacity, while Pakistan is the best destination to reach. Based on Pakistan’s large population, the construction industry will grow rapidly in the next few years. As the demand for core material of the construction industry, steel, cement, glass … Read more
PM Imran Khan had a meeting with the construction industry to avail the amnesty scheme launched for its benefit before the December 31, 2020 deadline. According to the details, the scheme having been launched in light of the adverse economic effect of the ongoing COVID-19 pandemic. [embedpost id=”50366″ slug=”pm-imran-khan-to-visit-diamer-bhasha-dam-project-today”] The news report said that the … Read more
Federal Cabinet has approved an ordinance giving legal effect to incentive package for the construction industry. Under the ordinance, a fixed tax regime introduced for builders and developers. According to the package there will be no withholding tax on the constructional material except cement and steel. Provision of services has exempted from withholding tax. Tax … Read more
