{"id":64351,"date":"2020-04-20T18:00:54","date_gmt":"2020-04-20T13:00:54","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=64351"},"modified":"2020-04-20T18:05:42","modified_gmt":"2020-04-20T13:05:42","slug":"construction-industry-relief-package-double-documented-economy","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/construction-industry-relief-package-double-documented-economy.html","title":{"rendered":"Construction industry relief package to double documented economy&#8217;s size: experts"},"content":{"rendered":"\n<p>Islamabad: A relief package announced by Prime Minister (PM) Imran Khan for the country\u2019s construction sector is expected to double the size of the documented economy, news source reported.<\/p>\n\n\n\n<p>Read: <a href=\"https:\/\/www.zameen.com\/news\/cabinet-approves-construction-sector-relief-package-ordinance.html\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"Construction Sector Relief Package Ordinance approved (opens in a new tab)\">Construction Sector Relief Package Ordinance approved<\/a><\/p>\n\n\n\n<p>Experts have referred to the said package as a \u2018game\u2019\nchanger for the industry. They also believe that the incumbent government\u2019s\npromise of generating 10 million jobs will also be fulfilled through this\ninitiative.<\/p>\n\n\n\n<p>Commenting on the package, Lake City Founder Gohar Ijaz\nexpressed hope that it will help activate nearly 50 sectors. He said that\neconomic activity is returning to Pakistan and construction work has begun\naround the country. He added that the target of constructing five million homes\nis not a huge one give the right circumstance. He felt that this will also help\nraise the country\u2019s GDP. <\/p>\n\n\n\n<p>He said that the Lahore Development Authority (LDA), the Association of Builders &amp; Developers (ABAD) and other stakeholders had been working since the last 18 months to draft the relevant proposals \u2013recently announced by the government.<\/p>\n\n\n\n<p>Read: <a href=\"https:\/\/www.zameen.com\/news\/tax-slabs-under-3-categories-shared-for-construction-sector.html\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"Construction Industry Relief Package: Tax slabs under 3 categories explained (opens in a new tab)\">Construction Industry Relief Package: Tax slabs under 3 categories explained<\/a><\/p>\n\n\n\n<p>The experts have also expressed hopes that the government\u2019s\ntax revenue will rise due to the greater documentation of economy. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: A relief package announced by Prime Minister (PM) Imran Khan for the country\u2019s construction sector is expected to double the size of the documented economy, news source reported. Read: Construction Sector Relief Package Ordinance approved Experts have referred to the said package as a \u2018game\u2019 changer for the industry. They also believe that the incumbent government\u2019s promise of generating 10 million jobs will also be fulfilled through this initiative. Commenting on the package, Lake City Founder Gohar Ijaz expressed hope that it will help activate nearly 50 sectors. He said that economic activity is returning to Pakistan and construction work has begun around the country. He added that the target of constructing five million homes is not a huge one give the right circumstance. He felt that this will also help raise the country\u2019s GDP. He said that the Lahore Development Authority (LDA), the Association of Builders &amp; Developers (ABAD) and other stakeholders had been working since the last 18 months to draft the relevant proposals \u2013recently announced by the government. Read: Construction Industry Relief Package: Tax slabs under 3 categories explained The experts have also expressed hopes that the government\u2019s tax revenue will rise due to the greater&hellip;<\/p>\n","protected":false},"author":57,"featured_media":63690,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15013],"tags":[26789],"persona":[],"class_list":{"0":"post-64351","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-construction","8":"tag-construction-industry-relief-package-to-double-documented-economys-size-experts","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 relief package to double documented economy&#039;s size: experts - Zameen News<\/title>\n<meta name=\"description\" content=\"Islamabad: A relief package announced by Prime Minister (PM) Imran Khan for the country\u2019s construction sector is expected to double the size of the\" \/>\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\/construction-industry-relief-package-double-documented-economy.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Construction industry relief package to double documented economy&#039;s size: experts - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Islamabad: A relief package announced by Prime Minister (PM) Imran Khan for the country\u2019s construction sector is expected to double the size of the\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/construction-industry-relief-package-double-documented-economy.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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