Senator Talha urges govt to rationalize taxes on real estate sector

ISLAMABAD: Senator Muhammad Talha Mahmood, Federal Minister for States and Frontier Regions has urged the government to rationalize taxes on the real estate and construction sector to facilitate its better growth that would help revive the economy.
He stressed that the government should make conducive policies for the construction industry as it played a key role in strengthening the economy. He said that Pakistan needed a business friendly environment and promotion of industrialization to overcome its current economic challenges.
He further emphasized that the government should make economic policies in consultation with the business community to make them more productive and result-oriented. He said this while speaking as chief guest at the prelaunch ceremony of “ICCI Pakistan Property, Housing and Construction Expo 22” at a local hotel organized by Islamabad Chamber of Commerce & Industry. The Expo would be organized from September 9-11, 2022 at Pak-China Friendship Centre in which a large number of exhibitors including property developers, builders, realtors, consultants, marketing companies and others would participate. Speaking at the occasion, Muhammad Shakeel Munir, President, Islamabad Chamber of Commerce & Industry said that the purpose of organizing property expo is to create a platform for the business community of property, housing, and construction sectors to showcase variety of their projects under one roof and generate new business leads. -NNI