ISLAMABAD: On Thursday, Prime Minister Imran Khan gave green signal to Naya Pakistan Housing Scheme for exemption from sales tax and fixed tax on construction work. This was announced by Special Assistant to Prime Minister on Information Dr. Firdous Ashiq Awan.
“The mechanism for preventing adulteration in goods and commodities had also been approved by the PM and a committee has also been formed to control the commodity prices,” said Dr. Awan.
The premier instructed the Federal Board of Revenue (FBR) to remove sales tax from Naya Pakistan Housing Scheme while chairing a meeting to review the progress on the housing project for the low-income masses.
According to Dr. Awan the prime minister also gave directives for devising an effective strategy for promoting tourism in the country, especially religious tourism in Punjab and Khyber-Pakhtunkhwa (K-P), The Express Tribune reported.
“Housing Sector is a priority of PTI government as the promotion of this sector not only boost the related 40 industries, but would also create job opportunities for the youth and skilled labour,” said PM Imran.
According to The Express Tribune, PM Imran directed provincial governments to work on mitigating taxes in order to promote the housing and construction sector. The premier also called for stepping up the review of master plans of all big cities in an effort to frame a comprehensive strategy on providing accommodation for the population and provision of civic facilities.
“Provincial secretaries should gather information within one-week about the unused public space or land where houses could be made for low-income families after the required planning,” said PM Imran.
As per The Express Tribune, the Naya Pakistan Housing Authority chairman shared with the prime minister that the tax levied on the construction phase would be abolished, for which the matter was under consideration by the provinces including Punjab, K-P and Balochistan.
The Naya Pakistan Housing Scheme chairman also updated the prime minister on the consensus reached among provincial governments on the fixed tax on sale of constructed houses and the houses built under the housing project will be exempted from this tax.
The meeting was told that steps were under way to reduce the Capital Value Tax and issue E-stamp papers to facilitate the people buying and constructing houses, The Express Tribunereported.