Govt plans major tax relief to boost real estate sector

Pakistan: The government is preparing a major tax relief package to revive the real estate sector and attract investment, especially from overseas Pakistanis. Officials indicated that significant tax exemptions and reductions are under consideration, including relief in key property-related taxes and incentives for first-time home builders. The move aims to bring back billions of dollars invested abroad, particularly in markets like Dubai, and restore confidence in Pakistan’s property sector. Experts believe that easing tax burdens and simplifying regulations could boost demand, stabilize property prices and trigger a new growth cycle in real estate, supporting broader economic recovery.