PM announces package for construction industry

News Image

By 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 128,199.43
336.91M
2.05%
2572.11
ALLSHR 79,787.62
1,023.63M
1.53%
1202.91
KSE30 39,105.00
121.90M
2.49%
951.21
KMI30 186,915.61
131.16M
1.10%
2029.11
KMIALLSHR 54,201.88
553.60M
0.81%
438.07
BKTi 33,476.68
51.49M
4.87%
1555.00
OGTi 27,962.58
9.77M
0.68%
188.60
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 106,485.00 106,495.00
105,440.00
735.00
0.70%
BRENT CRUDE 67.13 67.29
67.05
0.02
0.03%
RICHARDS BAY COAL MONTHLY 97.50 97.50
97.50
0.70
0.72%
ROTTERDAM COAL MONTHLY 103.80 103.80
103.80
-3.45
-3.22%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 65.46 65.65
65.34
0.01
0.02%
SUGAR #11 WORLD 15.70 16.21
15.55
-0.50
-3.09%

Chart of the Day


Latest News
July 02, 2025 at 06:01 AM GMT+05:00

MG Morning Breeze: Updates to Skim before Market


July 01, 2025 at 10:04 PM GMT+05:00

Pakistan’s trade deficit improves by over 9% in June


July 01, 2025 at 05:24 PM GMT+05:00

Gold price in Pakistan rises Rs6,600 per tola



Top 5 things to watch in this week

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