{"id":63739,"date":"2020-04-07T12:24:25","date_gmt":"2020-04-07T07:24:25","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=63739"},"modified":"2020-04-07T12:34:24","modified_gmt":"2020-04-07T07:34:24","slug":"construction-industry-package-approved-after-consultations-imf-umar","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/construction-industry-package-approved-after-consultations-imf-umar.html","title":{"rendered":"Construction industry package approved after consultations with IMF: Umar"},"content":{"rendered":"\n<p>Lahore: Federal Minister for Planning &amp; Development Asad Umar on Monday said that the government approved the construction industry package after holding consultations with the International Monetary Fund (IMF), a news source reported.<\/p>\n\n\n\n<p><strong>Read<\/strong>: <a href=\"https:\/\/www.zameen.com\/news\/construction-sector-gets-historic-relief-package.html\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"Construction sector gets \u2018historic\u2019 relief package; CGT, source of income conditions revoked (opens in a new tab)\">Construction sector gets \u2018historic\u2019 relief package; CGT, source of income conditions revoked<\/a><\/p>\n\n\n\n<p>Last week, Prime Minister (PM) Imran Khan announced a\nconstruction industry package; offering tax exemptions and subsidies worth PKR\n30 billion. With these incentives, the government aims to increase employment\nopportunities in the country in the wake of the COVID-19 crisis. <\/p>\n\n\n\n<p>Umar highlighted that the PM contacted the <a href=\"https:\/\/www.zameen.com\/news\/imf-allows-tax-concessions-businesses-affected-coronavirus-pandemic.html\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"IMF  (opens in a new tab)\">IMF <\/a>Managing Director (MD) to discuss the construction industry package. <\/p>\n\n\n\n<p>Meanwhile, IMF Resident Representative in Pakistan Teresa Dab\u00e1n Sanchez confirmed that the international lending institution had linked certain conditions with the construction industry package provided by the government. <\/p>\n\n\n\n<p><strong>Read<\/strong>: <a href=\"https:\/\/www.zameen.com\/news\/construction-sector-relief-package-withholding-tax-on-building-materials-abolished-stamp-duty-reduced.html\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"Construction sector relief package: Withholding tax on building materials abolished, stamp duty reduced (opens in a new tab)\">Construction sector relief package: Withholding tax on building materials abolished, stamp duty reduced<\/a><\/p>\n\n\n\n<p>According to details, these conditions include those pertaining\nto nature, timeline, and goals of the incentives provided. IMF has advised\nPakistan, along with other countries on the fund programme, to direct their\nincentive packages towards the provision of support to the most vulnerable\nsections of the society amid the ongoing pandemic. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Lahore: Federal Minister for Planning &amp; Development Asad Umar on Monday said that the government approved the construction industry package after holding consultations with the International Monetary Fund (IMF), a news source reported. Read: Construction sector gets \u2018historic\u2019 relief package; CGT, source of income conditions revoked Last week, Prime Minister (PM) Imran Khan announced a construction industry package; offering tax exemptions and subsidies worth PKR 30 billion. With these incentives, the government aims to increase employment opportunities in the country in the wake of the COVID-19 crisis. Umar highlighted that the PM contacted the IMF Managing Director (MD) to discuss the construction industry package. Meanwhile, IMF Resident Representative in Pakistan Teresa Dab\u00e1n Sanchez confirmed that the international lending institution had linked certain conditions with the construction industry package provided by the government. Read: Construction sector relief package: Withholding tax on building materials abolished, stamp duty reduced According to details, these conditions include those pertaining to nature, timeline, and goals of the incentives provided. IMF has advised Pakistan, along with other countries on the fund programme, to direct their incentive packages towards the provision of support to the most vulnerable sections of the society amid the ongoing pandemic.<\/p>\n","protected":false},"author":68,"featured_media":62321,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15013],"tags":[25462],"persona":[],"class_list":{"0":"post-63739","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-construction","8":"tag-details-on-construction-industry-package-approved-after-consultations-with-imf-umar","9":"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>Construction industry package approved after consultations with IMF: Umar - Zameen News<\/title>\n<meta name=\"description\" content=\"Federal Minister for Planning &amp; 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