• News
  • Construction
  • Tips & Advice
  • International
  • Amazing Design
  • Interior Decoration
  • Style Your Home
  • Design Ideas

President

Govt urged to introduce soft taxation regime for real estate sector

Soft taxation regime for Real estate sector

LAHORE: The government must formulate special policies and introduce a soft tax regime for the country’s real estate sector.

This was the result of the speeches made at a seminar on houses and real estate at the Commercial and Industrial Industry of Lahore (LCCI).

The seminar was attended by LCCI interim President Faheemur Rehman Saigal, Al-Jalil Developers Chairman Nasrullah Waraich, Federal Task Force on Housing Manager Zaigham Rizvi, renowned architects Professor Jason Pomeroy, Yaqoob Tahir Izhar, Akber Sheikh and Mian Abuzar Shad.

The experts noted that in Pakistan the population is growing rapidly, resulting in the expansion of residential areas and increased the need for food and other necessities.

Article continues after this claim

LCCI interim president Faheemur Rehman Saigal said Pakistan is the only country in the region where residential areas are spreading every day, adding that no fundamental change in construction technologies has occurred since independence.

Citing an example from Singapore, he said in 1965-66, Singapore was one of the worst slums in the world. “But they’ve been working on it and now they have great community structures.”

He urged the government to take immediate measures to deal with the uncontrolled expansion of residential areas and consequent downsizing of the agricultural areas.

Saigal further stressed the need to bring the real estate sector within the formal economy, as it was the second largest sector in the context of employment.

The acting president of LCCI said real estate is an important sector of the economy that needs to be protected by favorable policies and a mild tax regime. “The sector has the potential to attract not only local investors but also foreign Pakistanis and foreign investors.”

He said the fungal growth of housing societies is consuming the agricultural land and is an agricultural land, Pakistan cannot afford it, suggesting that this issue could be addressed through horizontal housing developments.

“Despite being a dynamic sector with the capacity to attract huge foreign investment, the real estate sector has faced unfavorable circumstances and struggled to survive due to redundant policies and heavy taxation.”

He said the government will not be able to achieve its economic goals without the support of the business community, which suffers severely from the severe issues like attachment of bank accounts, political instability and heavy taxation on trade and industry.

Govt urged to introduce soft taxation regime for real estate sector

Sunday, 16 May 2021 by feeta_admin
Soft taxation regime for Real estate sector LAHORE: The government must formulate special policies and introduce a soft tax regime for the country’s real estate sector. This was the result of the speeches made at a seminar on houses and real estate at the Commercial and Industrial Industry of Lahore (LCCI). The seminar was attended
  • Published in Business, ECONOMY, GOVERNANCE, HEADLINES, Lahore Chamber of Commerce and Industry, LCCI, policies, President, Real Estate, real estate sector, seminar, TAX POLICY, TAXATION

Style Your Home - Gallery

Wondering how you can do to make mealtimes a pleasure while in a small dining ro – Dining Set – Ideas of Dining – Wondering how you can do to…

Wondering how you can do to make mealtimes a pleasure while in a small dining ro – Dining Set – Ideas of Dining – Wondering how you can do to make mealtimes a pleasure while in a small dining room? Actually there is a lot you can do to create a stylish and practical space to impress your family and guests and to enjoy a great time. | www.barstoolsfurn

Source: goto.target.com

Hidden Passage Bookcase

Hidden Room/Custom Bookcases

Source: dovetailmt.com

Pin #700169073308717009

Source: scontent-jnb1-1.xx.fbcdn.net

Latest Home Front Elevation Design Work by Location: Lahore Plot Size: 5 Marla

Latest Home Front Elevation Design Work by Location: Lahore Plot Size: 5 Marla

Source: ameradnan.com

versteckter Aufenthaltsraum. #hidden #Recreational #room #hidden #Recreational -…, #Aufent…

versteckter Aufenthaltsraum. -…, room

Source: well3.hizlievdenevenakliyat.com

Hidden Bookcase Doors – Secure & Custom – High Tech Secret Bookcases

Hidden Bookcase Doors – Secure & Custom – High Tech Secret Bookcases

Source: hiddenpassageway.com

An honest review of the popular Harput 1024 rug from Boutique Rugs.com. Come see how I styled it in my summer living room. Neutral Rugs | Affordable Farmhouse Rug |

An honest review of the popular Harput 1024 rug from Boutique Rugs.com. Come see how I styled it in my summer living room. Neutral Rugs | Affordable Farmhouse Rug |

Source: michealadianedesigns.com

Must See 15 By 45 House Plan – House Design Plans 15*45 Duplex House Plan Pic – House Floor Plan Ideas

Must See 15 By 45 House Plan – House Design Plans 15*45 Duplex House Plan Pic – House Floor Plan Ideas

Source: ilanawrites.com

5 Marla, 10 Marla, 1 kanal luxurious house pictures > Saiban Properties

5 Marla, 10 Marla, 1 kanal luxurious house pictures > Saiban Properties

Source: saibanproperties.com

Pin #700169073307267425

Pin #700169073308716966

Source: budgetstairs.com.au

35+ Luxury And Amazing Bathroom Design Ideas You Must Try design designideas

35+ Luxury And Amazing Bathroom Design Ideas You Must Try design designideas

Source: decororo.com

Simple Home Design 4 Bedroom

Simple Home Design 4 Bedroom House Design Ideas With Floor Plans House Design Plan 9×12 5m With 4 Bedrooms House Design Modern House Plan Layout Tags Simple Modern House Design 4 …

Source: home.noterecipes.com

The built-in shelving swings open to reveal a hidden wine room.

The built-in shelving swings open to reveal a hidden wine room.

Source: homestratosphere.com

Sky is the limit for this grand home.

A winding stairway with skylight and wooden cladding is just a small part of this luxurious bungalow.

Source: dressyourhome.in

Pin #700169073308716962

Source: hankmillerteam.com

I-8 Sector Islamabad Ground Portion Available For Rent

I-8 Sector Islamabad Ground Portion Available For Rent

Pin #700169073308716971

Gorgeous interior designed space

Gorgeous interior designed space

Source: nestingwithgrace.com

Pin #700169073308717051

Source: heavenlyhomediy.club

GOSSIP

  • News
  • Construction
  • Tips & Advice
  • International
  • Amazing Design
  • Interior Decoration
  • Style Your Home
  • Design Ideas
TOP