{"id":71299,"date":"2020-10-11T09:14:00","date_gmt":"2020-10-11T04:14:00","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=71299"},"modified":"2020-10-09T18:15:06","modified_gmt":"2020-10-09T13:15:06","slug":"abad-requests-govt-extend-nphps-incentive-package-till-next-year","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/abad-requests-govt-extend-nphps-incentive-package-till-next-year.html","title":{"rendered":"ABAD requests govt to extend NPHP\u2019s incentive package till next year"},"content":{"rendered":"\n<p>Karachi: The Association of Builders and Developers (ABAD) on Wednesday requested the federal government to extend the deadline for availing the incentive package of the Naya Pakistan Housing Programme (NPHP) till next year (December 2021), according to a news report published on October 8.<\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/hbfc-leading-financial-institution-providing-home-loans-nphp.html\" target=\"_blank\" rel=\"noreferrer noopener\">\u2018HBFC to become leading financial institution providing home loans for NPHP developments: MD Aly\u2019<\/a><\/p>\n\n\n\n<p>The association members made the request in a seminar titled \u2018PM\u2019s Housing Package\u2019 held at ABAD House. ABAD Chairman Fayyaz Ilyas stated that the registration for the incentive package announced under the NPHP initiative should be extended till the next year and that the time given for the completion of NPHP housing projects should also be extended.<\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/land-audit-of-islamabads-housing-schemes-ordered-to-ascertain-overselling-incidents.html\" target=\"_blank\" rel=\"noreferrer noopener\">Land audit of Islamabad\u2019s housing schemes ordered to ascertain overselling incidents<\/a><\/p>\n\n\n\n<p>Meanwhile, Medium Taxpayers Office (MTO) Chief Commissioner Abdul Hameed Memon urged the builders and <a href=\"https:\/\/www.zameen.com\/news\/abad-pens-cautionary-letter-cm-substandard-constructions-karachi.html\" target=\"_blank\" rel=\"noreferrer noopener\">developers<\/a> to get themselves registered with the government and avail all the benefits of the package. He also revealed that the people will be required to complete their projects by September 2020 as per the incentive\u2019s specifications.<\/p>\n\n\n\n<p>Until the scheme ends, no builder\/developer would need to reveal their income source, the tax rate levied will be reduced by 4%, and property buyers will not have to disclose their income source.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Karachi: The Association of Builders and Developers (ABAD) on Wednesday requested the federal government to extend the deadline for availing the incentive package of the Naya Pakistan Housing Programme (NPHP) till next year (December 2021), according to a news report published on October 8. Read: \u2018HBFC to become leading financial institution providing home loans for NPHP developments: MD Aly\u2019 The association members made the request in a seminar titled \u2018PM\u2019s Housing Package\u2019 held at ABAD House. ABAD Chairman Fayyaz Ilyas stated that the registration for the incentive package announced under the NPHP initiative should be extended till the next year and that the time given for the completion of NPHP housing projects should also be extended. Read: Land audit of Islamabad\u2019s housing schemes ordered to ascertain overselling incidents Meanwhile, Medium Taxpayers Office (MTO) Chief Commissioner Abdul Hameed Memon urged the builders and developers to get themselves registered with the government and avail all the benefits of the package. He also revealed that the people will be required to complete their projects by September 2020 as per the incentive\u2019s specifications. Until the scheme ends, no builder\/developer would need to reveal their income source, the tax rate levied will be reduced by&hellip;<\/p>\n","protected":false},"author":75,"featured_media":66754,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15013,15016],"tags":[40376,41226],"persona":[],"class_list":{"0":"post-71299","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-construction","8":"category-new-developments","9":"tag-association-of-builders-and-developers-abad","10":"tag-govt-urged-to-extend-nphp-incentive-package-till-2021","11":"cat-15013-id","12":"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 urged to extend NPHP incentive package till 2021 - Zameen News<\/title>\n<meta name=\"description\" content=\"ABAD requested the federal government to extend the deadline for the incentive package of the NPHP till next year (December 2021)\" \/>\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\/abad-requests-govt-extend-nphps-incentive-package-till-next-year.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Govt urged to extend NPHP incentive package till 2021 - Zameen News\" \/>\n<meta property=\"og:description\" content=\"ABAD requested the federal government to extend the deadline for the incentive package of the NPHP till next year (December 2021)\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/abad-requests-govt-extend-nphps-incentive-package-till-next-year.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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