{"id":81102,"date":"2021-11-03T12:59:49","date_gmt":"2021-11-03T07:59:49","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=81102"},"modified":"2021-11-03T12:59:54","modified_gmt":"2021-11-03T07:59:54","slug":"boi-housing-construction-seminar","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/boi-housing-construction-seminar.html","title":{"rendered":"BOI organises seminar in Dubai, invites investors to explore Pakistan&#8217;s housing sector"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Islamabad: The Board of Investment (BoI) on Tuesday (November 2) organised a housing and construction seminar in Dubai to invite investors to explore the housing sector in Pakistan, according to media reports.\u00a0<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/govt-extend-subsidy-housing-sector.html\" target=\"_blank\" rel=\"noreferrer noopener\">Govt to extend added subsidy to housing sector<\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">As per the details shared, it was disclosed in the seminar that the annual demand for housing in the country is around 700,000, however, only half of this demand is being met. BoI Secretary Fareena Mazhar encouraged investors to take advantage of the incentives, tremendous tax-based rebates under tax laws amendment ordinance 2020, and facilitation offered in project approvals through one-window operation under Naya Pakistan Housing and Development Authority (NAPHDA).<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Sharing more details about the tax incentives, the secretary stated that eligible builders and developers will be exempted from withholding taxes on the purchase of building materials. It was also mentioned that any tax payable on the profits, income, and gains of projects of low-cost housing will be slashed by 90%.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Read: <\/strong><a href=\"https:\/\/www.zameen.com\/news\/boi-platforms-assist-local-foreign-investors.html\" target=\"_blank\" rel=\"noreferrer noopener\">BoI launches platforms to assist local, foreign investors<\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Moreover, BoI Secretary Mazhar disclosed that the Income Tax Ordinance has been amended to declare the construction sector as an industrial undertaking to make it qualified for the benefits available for other sectors. She went on to say that for the promotion of the construction and housing sector in Pakistan, the <a href=\"https:\/\/www.zameen.com\/news\/sbp-approvals-housing-loans.html\" target=\"_blank\" rel=\"noreferrer noopener\">State Bank of Pakistan<\/a> has decided to advise mandatory targets for the banks. Under this initiative, every bank will make sure that the financing for the construction of buildings and housing must be at least 5% of their domestic private sector credit by December.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: The Board of Investment (BoI) on Tuesday (November 2) organised a housing and construction seminar in Dubai to invite investors to explore the housing sector in Pakistan, according to media reports.\u00a0 Read: Govt to extend added subsidy to housing sector As per the details shared, it was disclosed in the seminar that the annual demand for housing in the country is around 700,000, however, only half of this demand is being met. BoI Secretary Fareena Mazhar encouraged investors to take advantage of the incentives, tremendous tax-based rebates under tax laws amendment ordinance 2020, and facilitation offered in project approvals through one-window operation under Naya Pakistan Housing and Development Authority (NAPHDA). Sharing more details about the tax incentives, the secretary stated that eligible builders and developers will be exempted from withholding taxes on the purchase of building materials. It was also mentioned that any tax payable on the profits, income, and gains of projects of low-cost housing will be slashed by 90%. Read: BoI launches platforms to assist local, foreign investors Moreover, BoI Secretary Mazhar disclosed that the Income Tax Ordinance has been amended to declare the construction sector as an industrial undertaking to make it qualified for the benefits&hellip;<\/p>\n","protected":false},"author":83,"featured_media":69280,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15016],"tags":[49287,49286,49288],"persona":[],"class_list":["post-81102","post","type-post","status-publish","format-standard","has-post-thumbnail","category-new-developments","tag-boi-invites-investors-to-explore-pakistans-housing","tag-boi-organizes-seminar-in-dubai","tag-promotion-of-the-construction-and-housing-sector-in-pakistan","cat-15016-id"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>BoI organises seminar in Dubai on housing, construction - Zameen News<\/title>\n<meta name=\"description\" content=\"The Board of Investment (BoI) on Tuesday (November 2) organised a housing and construction seminar in Dubai to invite investors to explore the housing....\" \/>\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\/boi-housing-construction-seminar.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"BoI organises seminar in Dubai on housing, construction - Zameen News\" \/>\n<meta property=\"og:description\" content=\"The Board of Investment (BoI) on Tuesday (November 2) organised a housing and construction seminar in Dubai to invite investors to explore the housing....\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/boi-housing-construction-seminar.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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