{"id":85680,"date":"2022-04-28T10:30:28","date_gmt":"2022-04-28T05:30:28","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=85680"},"modified":"2022-04-28T10:30:33","modified_gmt":"2022-04-28T05:30:33","slug":"extension-in-construction-amnesty-vital-for-economy","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/extension-in-construction-amnesty-vital-for-economy.html","title":{"rendered":"&#8216;Extension in construction sector&#8217;s amnesty scheme vital for economic stability&#8217;"},"content":{"rendered":"\n<p>Islamabad: President and Spokesperson of the Federation of Realtors of Pakistan Rana Muhammad Akram said the government should extend the amenity scheme for realtors, news sources reported on April 26. He stated that it is critical to provide the economy with a stable foundation at this crucial time. <\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/abad-extension-amnesty-scheme.html\" target=\"_blank\" rel=\"noreferrer noopener\">\u2018Extension in amnesty scheme can garner PKR 2,000 bn investment in construction industry\u2019<\/a><\/p>\n\n\n\n<p>It is worth noting that the government has launched an <a href=\"https:\/\/www.zameen.com\/news\/amnesty-scheme-construction-fbr.html\" target=\"_blank\" rel=\"noreferrer noopener\">FBR<\/a>-backed amnesty plan for the real estate industry in 2021.\u00a0 The scheme&#8217;s principal goal was to stimulate additional growth and development of the sector. The FBR devised a formula to exempt investors from the obligation to declare their assets and sources of income if they participate in FBR-registered projects. This resulted in a massive infusion of capital, which also resulted in a high employment level.<\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/govt-imf-extension-amnesty.html\" target=\"_blank\" rel=\"noreferrer noopener\">Govt urges IMF for extension of construction amnesty scheme<\/a><\/p>\n\n\n\n<p>In a press conference held in the capital, Rana also stated that a lot of products we consume in Pakistan are produced indigenously as well yet still those products are imported. This adds to the import bill for the government. He said the government must ban the import of such products whose alternative is already present in the country. He said that this will promote local industry and also will add value to their products. He also stated that measures to discourage imports should be included in the budget for the next fiscal year. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: President and Spokesperson of the Federation of Realtors of Pakistan Rana Muhammad Akram said the government should extend the amenity scheme for realtors, news sources reported on April 26. He stated that it is critical to provide the economy with a stable foundation at this crucial time. Read: \u2018Extension in amnesty scheme can garner PKR 2,000 bn investment in construction industry\u2019 It is worth noting that the government has launched an FBR-backed amnesty plan for the real estate industry in 2021.\u00a0 The scheme&#8217;s principal goal was to stimulate additional growth and development of the sector. The FBR devised a formula to exempt investors from the obligation to declare their assets and sources of income if they participate in FBR-registered projects. This resulted in a massive infusion of capital, which also resulted in a high employment level. Read: Govt urges IMF for extension of construction amnesty scheme In a press conference held in the capital, Rana also stated that a lot of products we consume in Pakistan are produced indigenously as well yet still those products are imported. This adds to the import bill for the government. He said the government must ban the import of such products whose alternative&hellip;<\/p>\n","protected":false},"author":75,"featured_media":63690,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15013,15017],"tags":[52126,52125],"persona":[],"class_list":{"0":"post-85680","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-construction","8":"category-notices-announcements","9":"tag-construction-amnesty-scheme","10":"tag-federation-of-realtors-of-pakista","11":"cat-15013-id","12":"cat-15017-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>&#039;Extension in construction amnesty vital for economy&#039; - Zameen News<\/title>\n<meta name=\"description\" content=\"Islamabad: President and Spokesperson of the Federation of Realtors of Pakistan Rana Muhammad Akram said the government should extend the amenity scheme\" \/>\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\/extension-in-construction-amnesty-vital-for-economy.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"&#039;Extension in construction amnesty vital for economy&#039; 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