{"id":68595,"date":"2020-07-27T17:37:15","date_gmt":"2020-07-27T12:37:15","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=68595"},"modified":"2020-07-27T17:37:17","modified_gmt":"2020-07-27T12:37:17","slug":"govt-showcases-revive-activity-construction-industry","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/govt-showcases-revive-activity-construction-industry.html","title":{"rendered":"Govt showcases steps taken to revive activity in construction industry via relief package"},"content":{"rendered":"\n<p>Lahore: The federal government, through a notification carried in a news publication on July 26, showcased the various measures taken for the revival of activity in the country\u2019s construction industry.<\/p>\n\n\n\n<p>Read: <a href=\"https:\/\/www.zameen.com\/news\/fbr-details-construction-industry-relief-package.html\" target=\"_blank\" rel=\"noreferrer noopener\">FBR shares details on historic relief package announced for construction industry<\/a><\/p>\n\n\n\n<p>According to the details available, following the lockdown initiated due to the spread of the coronavirus pandemic in the country, the government had introduced a number of steps to boost construction activity that, in turn, served to provide employment opportunities to labourers and helped boost a number of allied industries. At the same time, the government had also launched a number of measures and packages to boost business activity, and to improve ease of doing business both at the federal and provincial levels.<\/p>\n\n\n\n<p>Read: <a href=\"https:\/\/www.zameen.com\/news\/lda-directed-meet-timelines-specified-layout-approvals-noc-issuance.html\" target=\"_blank\" rel=\"noreferrer noopener\">LDA directed to meet timelines specified for layout approvals, NOC issuance<\/a><\/p>\n\n\n\n<p>Some of these measures included:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Industry status for construction sector<\/li><li>Concessions for construction industry under fixed tax regime<\/li><li>Concessions and waivers on withholding taxes<\/li><li>Reduction in provincial taxes<\/li><li>330 billion loan by banks for housing finance<\/li><li>Housing finance for 5-marla homes at just 5% mark-up<\/li><li>Housing finance for 10-marla homes at just 7% mark-up<\/li><li>Launch of one-window cell at divisional headquarters around Punjab<\/li><li>PKR 300,000 discount on construction of affordable homes<\/li><li>Taxes on affordable housing reduced by 90%<\/li><li>No questions asked about source of income in construction projects started before December 2020<\/li><li>No Capital Gains Tax on sale of family\u2019s first 500 sq yd home or 400 sq ft apartment<\/li><\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Lahore: The federal government, through a notification carried in a news publication on July 26, showcased the various measures taken for the revival of activity in the country\u2019s construction industry. Read: FBR shares details on historic relief package announced for construction industry According to the details available, following the lockdown initiated due to the spread of the coronavirus pandemic in the country, the government had introduced a number of steps to boost construction activity that, in turn, served to provide employment opportunities to labourers and helped boost a number of allied industries. At the same time, the government had also launched a number of measures and packages to boost business activity, and to improve ease of doing business both at the federal and provincial levels. Read: LDA directed to meet timelines specified for layout approvals, NOC issuance Some of these measures included: Industry status for construction sector Concessions for construction industry under fixed tax regime Concessions and waivers on withholding taxes Reduction in provincial taxes 330 billion loan by banks for housing finance Housing finance for 5-marla homes at just 5% mark-up Housing finance for 10-marla homes at just 7% mark-up Launch of one-window cell at divisional headquarters around Punjab&hellip;<\/p>\n","protected":false},"author":57,"featured_media":63188,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15016],"tags":[27497,35825],"persona":[],"class_list":{"0":"post-68595","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-new-developments","8":"tag-construction-industry","9":"tag-govt-showcases-steps-taken-to-revive-activity-in-construction-industry-via-relief-package","10":"cat-15016-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Govt showcases steps to revive construction industry - Zameen News<\/title>\n<meta name=\"description\" content=\"Lahore: The federal government, through a notification carried in a news publication on July 26, showcased the various measures taken for the revival of activity in the country\u2019s construction industry.\" \/>\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\/govt-showcases-revive-activity-construction-industry.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Govt showcases steps to revive construction industry - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Lahore: The federal government, through a notification carried in a news publication on July 26, showcased the various measures taken for the revival of activity in the country\u2019s construction industry.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/govt-showcases-revive-activity-construction-industry.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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