{"id":71821,"date":"2020-11-03T17:11:29","date_gmt":"2020-11-03T12:11:29","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=71821"},"modified":"2020-11-03T17:11:34","modified_gmt":"2020-11-03T12:11:34","slug":"construction-industry-relief-package-deadline-expected-extended","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/construction-industry-relief-package-deadline-expected-extended.html","title":{"rendered":"Construction industry relief package deadline expected to be extended"},"content":{"rendered":"\n<p>Islamabad: The government is expected to extend the deadline for availing incentives under the ambitious construction industry relief package; announced in April to regularize benami properties and assets throughout the country. According to the details revealed, the executive is expected to stretch the last date beyond December 31.<\/p>\n\n\n\n<p><strong>Read<\/strong>: <a href=\"https:\/\/www.zameen.com\/news\/govt-showcases-revive-activity-construction-industry.html\" target=\"_blank\" rel=\"noreferrer noopener\">Govt showcases steps taken to revive activity in construction industry via relief package<\/a><\/p>\n\n\n\n<p>Moreover, stakeholders (including lawmakers and real estate developers) have sought another extension in the deadline previously notified for completing all construction projects sanctioned under said scheme. The current deadline will expire on September 30, 2022, but the federal cabinet is expected to review the proposed June 2023 expiration date.<\/p>\n\n\n\n<p><strong>Read<\/strong>: <a href=\"https:\/\/www.zameen.com\/news\/fbr-registered-112-construction-companies-country-ghani.html\" target=\"_blank\" rel=\"noreferrer noopener\">FBR registered 112 construction companies from around Pakistan: Ghani<\/a><\/p>\n\n\n\n<p>According to reports, over 125 housing projects have <a href=\"https:\/\/www.zameen.com\/news\/fbr-shares-data-on-registered-real-estate-projects.html\" target=\"_blank\" rel=\"noreferrer noopener\">registered themselves<\/a> with the Federal Board of Revenue (FBR); declaring PKR 162 billion worth of previously undisclosed assets to the taxation agency, and about 108 developers are currently undergoing the process for registering 114 real estate initiatives at a projected cost of PKR 109 billion.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: The government is expected to extend the deadline for availing incentives under the ambitious construction industry relief package; announced in April to regularize benami properties and assets throughout the country. According to the details revealed, the executive is expected to stretch the last date beyond December 31. Read: Govt showcases steps taken to revive activity in construction industry via relief package Moreover, stakeholders (including lawmakers and real estate developers) have sought another extension in the deadline previously notified for completing all construction projects sanctioned under said scheme. The current deadline will expire on September 30, 2022, but the federal cabinet is expected to review the proposed June 2023 expiration date. Read: FBR registered 112 construction companies from around Pakistan: Ghani According to reports, over 125 housing projects have registered themselves with the Federal Board of Revenue (FBR); declaring PKR 162 billion worth of previously undisclosed assets to the taxation agency, and about 108 developers are currently undergoing the process for registering 114 real estate initiatives at a projected cost of PKR 109 billion.<\/p>\n","protected":false},"author":67,"featured_media":63726,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15013,15016],"tags":[36925,19230,10679,17184,26633],"persona":[],"class_list":{"0":"post-71821","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-construction","8":"category-new-developments","9":"tag-construction-package","10":"tag-federal-board-of-revenue-fbr","11":"tag-housing-projects","12":"tag-naya-pakistan-housing-programme-nphp","13":"tag-relief-package-for-construction-sector","14":"cat-15013-id","15":"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>Construction industry relief package to be extended - Zameen News<\/title>\n<meta name=\"description\" content=\"The executive is expected to stretch the last date for availing the relief package for the construction industry beyond December 31.\" \/>\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-deadline-expected-extended.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 be extended - Zameen News\" \/>\n<meta property=\"og:description\" content=\"The executive is expected to stretch the last date for availing the relief package for the construction industry beyond December 31.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/construction-industry-relief-package-deadline-expected-extended.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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