{"id":102293,"date":"2025-05-19T15:54:18","date_gmt":"2025-05-19T10:54:18","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=102293"},"modified":"2025-05-19T15:54:21","modified_gmt":"2025-05-19T10:54:21","slug":"pakistan-to-revise-construction-relief-package","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/pakistan-to-revise-construction-relief-package.html","title":{"rendered":"Pakistan to revise construction relief package for IMF alignment"},"content":{"rendered":"\n<p>Islamabad: The government of Pakistan is set to revise its construction sector relief package after the International Monetary Fund (IMF) raised objections, ARY News reported, citing informed sources.<\/p>\n\n\n\n<p>The package\u2014originally introduced by Prime Minister Shehbaz Sharif\u2014was designed to stimulate growth in the construction industry and provide tax exemptions for property buyers. However, the IMF has reportedly categorized the initiative as a form of \u201camnesty,\u201d expressing concerns over its potential economic impact and alignment with ongoing fiscal reforms.<\/p>\n\n\n\n<p>In response, Federal Minister for Economic Affairs Ahad Cheema has been tasked with restructuring the proposal to address the IMF\u2019s reservations. According to sources, the revised package is expected to be presented during the IMF review mission\u2019s upcoming visit to Pakistan.<\/p>\n\n\n\n<p>Read: <a href=\"https:\/\/www.zameen.com\/news\/recommendations-for-revival-of-real-estate-sector.html\" target=\"_blank\" rel=\"noreferrer noopener\">Recommendations for revival of real estate, construction sector shared with FBR<\/a><\/p>\n\n\n\n<p>Key revisions under consideration include exempting non-filers from paying taxes on their first property purchase valued up to Rs 5 million and scrapping the 8% tax on property purchases for tax filers. Additionally, the task force has suggested removing the 3% federal excise duty on property transactions.<\/p>\n\n\n\n<p>This development comes amid a broader IMF-led Governance and Corruption Diagnostic Assessment (GCDA), during which IMF experts have engaged with Pakistani institutions, including a meeting with the Auditor General to understand public sector audit procedures.<\/p>\n\n\n\n<p>The government appears committed to striking a balance between incentivizing investment and maintaining fiscal transparency, in line with the IMF\u2019s ongoing support program.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: The government of Pakistan is set to revise its construction sector relief package after the International Monetary Fund (IMF) raised objections, ARY News reported, citing informed sources. The package\u2014originally introduced by Prime Minister Shehbaz Sharif\u2014was designed to stimulate growth in the construction industry and provide tax exemptions for property buyers. However, the IMF has reportedly categorized the initiative as a form of \u201camnesty,\u201d expressing concerns over its potential economic impact and alignment with ongoing fiscal reforms. In response, Federal Minister for Economic Affairs Ahad Cheema has been tasked with restructuring the proposal to address the IMF\u2019s reservations. According to sources, the revised package is expected to be presented during the IMF review mission\u2019s upcoming visit to Pakistan. Read: Recommendations for revival of real estate, construction sector shared with FBR Key revisions under consideration include exempting non-filers from paying taxes on their first property purchase valued up to Rs 5 million and scrapping the 8% tax on property purchases for tax filers. Additionally, the task force has suggested removing the 3% federal excise duty on property transactions. This development comes amid a broader IMF-led Governance and Corruption Diagnostic Assessment (GCDA), during which IMF experts have engaged with Pakistani institutions, including&hellip;<\/p>\n","protected":false},"author":18,"featured_media":87304,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15013],"tags":[64782,24276,20718,61449,52814,60626,53904,11728,6358,32,543,64783,33,25000,61118,1109],"persona":[],"class_list":{"0":"post-102293","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-construction","8":"tag-ahad-cheema","9":"tag-construction-sector","10":"tag-economic-development","11":"tag-economic-policy","12":"tag-federal-excise-duty","13":"tag-fiscal-policy","14":"tag-governance","15":"tag-imf","16":"tag-non-filers","17":"tag-pakistan","18":"tag-property-tax","19":"tag-public-accounts","20":"tag-real-estate","21":"tag-relief-package","22":"tag-shehbaz-sharif","23":"tag-tax-reforms","24":"cat-15013-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Pakistan to revise construction relief package - Zameen News<\/title>\n<meta name=\"description\" content=\"Key revisions under consideration include exempting non-filers from paying taxes on their first property purchase valued up to...\" \/>\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\/pakistan-to-revise-construction-relief-package.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Pakistan to revise construction relief package - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Key revisions under consideration include exempting non-filers from paying taxes on their first property purchase valued up to...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/pakistan-to-revise-construction-relief-package.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; Pakistan Property News &amp; Latest Updates - Zameen News\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/ZameenPK\" \/>\n<meta property=\"article:published_time\" content=\"2025-05-19T10:54:18+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-05-19T10:54:21+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2022\/07\/IMF-Pak.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1170\" \/>\n\t<meta property=\"og:image:height\" content=\"400\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Samra Zulfiqar\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@ZameenProperty\" \/>\n<meta name=\"twitter:site\" content=\"@ZameenProperty\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Samra Zulfiqar\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Pakistan to revise construction relief package - Zameen News","description":"Key revisions under consideration include exempting non-filers from paying taxes on their first property purchase valued up to...","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.zameen.com\/news\/pakistan-to-revise-construction-relief-package.html","og_locale":"en_US","og_type":"article","og_title":"Pakistan to revise construction relief package - Zameen News","og_description":"Key revisions under consideration include exempting non-filers from paying taxes on their first property purchase valued up to...","og_url":"https:\/\/www.zameen.com\/news\/pakistan-to-revise-construction-relief-package.html","og_site_name":"Pakistan Real Estate News &amp; 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