Islamabad, Oct 31: Govt to Launch New Package Next Month to Revive Construction Industry
According to insiders, the package is pending clearance from the International Monetary Fund (IMF), but it has been decided that a tax amnesty would not be part of it.
According to sources, the emphasis will be on providing specific amenities, such as reduced map fees, incentives for multi-story buildings, and potential exemptions for third-floor additions on existing two-story buildings and rooftop rooms.
The package also aims to support financing for affordable housing projects, sources added.
The government’s decision to launch a new package next month to revive the construction industry is a timely and strategic initiative.
By addressing the key challenges faced by the sector and introducing measures to stimulate growth, the government aims to create a vibrant and resilient construction industry.
With a focus on investment, regulatory reform, sustainability,
and workforce development, this package has the potential to transform the landscape of construction in the country.
As stakeholders eagerly await the official announcement, there is a sense of optimism about the future of the construction industry and its role in driving economic growth.
By implementing this comprehensive strategy, the government hopes to not only revive the construction industry but also lay the foundation for sustainable economic development in the years to come.
