Islamabad: Property developers and urban sector stakeholders have raised strong concerns over the rising tax burden and higher regulatory charges affecting Pakistan’s real estate and construction industry. Recent assessments suggest that increased rates and fees, especially those linked with urban regulatory authorities, have slowed market activity instead of generating the expected revenue momentum. Developers say the growing cost of approvals, charges, and taxes is discouraging fresh investment and delaying several projects. Economists believe the construction sector remains a major source of jobs, allied industries, and urban growth, so prolonged pressure could hurt wider economic activity. If budget planners introduce tax relief and rational reforms, can the sector recover confidence and regain investment momentum?
