PM announces package for construction industry

News Image

MG News | April 03, 2020 at 06:55 PM GMT+05:00

0:00

April 03, 2020: Prime Minister Imran Khan has announced an incentivized package for the construction industry in order to increase employment opportunities in the country in the wake of coronavirus outbreak.

Announcing the package in Islamabad on Friday, he said those who invest in the sector will not be asked questions about their source of income.

The Prime Minister said fixed tax will be introduced in construction sector now.

He said if the investor invests in construction projects under Naya Pakistan Housing Authority, ninety percent fixed tax will be removed and he will have to pay only ten percent tax. He said withholding tax on construction will be lifted from all sectors, except steel and cement.

Imran Khan said sales tax is also being brought down in coordination with the provinces.  The Prime Minister said there will be no capital gains tax for a family that sells its house.

He said a Construction Industry Development Board is also being set up to promote the construction industry.

 

Radio Pakistan

Related News

Name Price/Vol %Chg/NChg
KSE100 165,805.83
547.37M
4.65%
7362.40
ALLSHR 100,442.70
1,106.27M
4.10%
3956.69
KSE30 51,161.51
245.99M
4.97%
2421.25
KMI30 243,889.74
154.85M
5.99%
13779.28
KMIALLSHR 66,583.02
555.50M
4.61%
2934.98
BKTi 46,630.29
110.15M
4.65%
2072.27
OGTi 32,577.13
21.10M
5.42%
1673.74
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 111,610.00 116,385.00
111,430.00
-4770.00
-4.10%
BRENT CRUDE 62.17 63.63
61.74
-1.15
-1.82%
RICHARDS BAY COAL MONTHLY 81.00 0.00
0.00
-0.50
-0.61%
ROTTERDAM COAL MONTHLY 89.30 0.00
0.00
0.20
0.22%
USD RBD PALM OLEIN 1,085.00 1,085.00
1,085.00
0.00
0.00%
CRUDE OIL - WTI 58.36 59.82
58.01
-1.13
-1.90%
SUGAR #11 WORLD 15.43 15.60
15.39
-0.18
-1.15%

Chart of the Day


Latest News
October 14, 2025 at 03:22 PM GMT+05:00

Global shipping emissions plan at risk after US warning


October 14, 2025 at 03:08 PM GMT+05:00

China vows to fight to the end after U.S imposes 100% tariffs


October 14, 2025 at 03:02 PM GMT+05:00

Gold soars to all-time high of Rs435,100 per tola


October 14, 2025 at 02:34 PM GMT+05:00

OGDC brings Razgir-1 Well on stream at TAL Block



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg