{"id":100319,"date":"2024-11-01T10:31:49","date_gmt":"2024-11-01T05:31:49","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=100319"},"modified":"2024-11-01T10:31:53","modified_gmt":"2024-11-01T05:31:53","slug":"pms-construction-package-in-making","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/pms-construction-package-in-making.html","title":{"rendered":"PM&#8217;s Construction Package in making to revitalise the industry"},"content":{"rendered":"\n<p>Islamabad: The Pakistan government is preparing to introduce the Prime Minister\u2019s Construction Package to revitalize the country\u2019s construction sector, ARY News reported Thursday, quoting sources. The initiative is anticipated to be launched in the first week of November.<\/p>\n\n\n\n<p>According to the details shared, the PM\u2019s Construction Package will bring a range of incentives to support the growth and modernization of the construction industry, it will, however, not include any form of tax amnesty. The primary focus of the package appears to be the encouragement of high-rise building projects and the promotion of affordable housing solutions.<\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/blog\/zameen-construction-cost-calculator.html\" target=\"_blank\" rel=\"noreferrer noopener\">Zameen Construction Cost Calculator<\/a><\/p>\n\n\n\n<p>The package is expected to offer provisions allowing rooftop residential units on existing homes, facilitating vertical expansion in urban areas. Additionally, a potential policy change could permit adding a third floor on two-story buildings, which may provide further options for homeowners and developers.<\/p>\n\n\n\n<p>Affordable housing development will also be prioritized, emphasizing making low-cost housing more accessible. A reduction in map approval fees is reportedly under consideration to ease financial burdens and speed up project approvals for builders engaged in low-cost housing projects.<\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/apni-chhat-apna-ghar-construction-of-houses.html\" target=\"_blank\" rel=\"noreferrer noopener\">Apni Chhat, Apna Ghar: Construction of houses begins across Punjab<\/a><\/p>\n\n\n\n<p>This upcoming package reflects the government\u2019s push to address Pakistan\u2019s growing housing needs, boost the construction sector, and stimulate economic activity through strategic incentives without extending a tax amnesty. Further official details are expected to be announced in early November.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: The Pakistan government is preparing to introduce the Prime Minister\u2019s Construction Package to revitalize the country\u2019s construction sector, ARY News reported Thursday, quoting sources. The initiative is anticipated to be launched in the first week of November. According to the details shared, the PM\u2019s Construction Package will bring a range of incentives to support the growth and modernization of the construction industry, it will, however, not include any form of tax amnesty. The primary focus of the package appears to be the encouragement of high-rise building projects and the promotion of affordable housing solutions. Read: Zameen Construction Cost Calculator The package is expected to offer provisions allowing rooftop residential units on existing homes, facilitating vertical expansion in urban areas. Additionally, a potential policy change could permit adding a third floor on two-story buildings, which may provide further options for homeowners and developers. Affordable housing development will also be prioritized, emphasizing making low-cost housing more accessible. A reduction in map approval fees is reportedly under consideration to ease financial burdens and speed up project approvals for builders engaged in low-cost housing projects. Read: Apni Chhat, Apna Ghar: Construction of houses begins across Punjab This upcoming package reflects the government\u2019s push&hellip;<\/p>\n","protected":false},"author":18,"featured_media":88795,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15013,15017],"tags":[34486,60023,60024,60025,60021,60022],"persona":[],"class_list":{"0":"post-100319","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-construction","8":"category-notices-announcements","9":"tag-construction-industry-relief-package","10":"tag-construction-package-pakistan","11":"tag-pm-construction-package-2024","12":"tag-real-estate-relief-package-pakistan","13":"tag-real-estate-tax-amensty","14":"tag-tax-amnesty-pakistan","15":"cat-15013-id","16":"cat-15017-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>PM&#039;s Construction Package in making to revitalise the industry - Zameen News<\/title>\n<meta name=\"description\" content=\"Islamabad: The Pakistan government is preparing to introduce the Prime Minister\u2019s Construction Package to revitalize the country\u2019s construction sector,\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/pms-construction-package-in-making.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"PM&#039;s Construction Package in making to revitalise the industry - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Islamabad: The Pakistan government is preparing to introduce the Prime Minister\u2019s Construction Package to revitalize the country\u2019s construction sector,\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/pms-construction-package-in-making.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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