LAHORE: The provincial government has allocated a tax relief package worth Rs18 billion for the sectors affected by the Coronavirus pandemic, informed Punjab Finance Minister Hashim Jawan Bakht.
The announced initiative includes exemption of General Sales Tax (GST) on services provided by the medical consultants and hospitals and tax on construction development services.
In addition to reducing the Capital Valuation Tax (CVT) and stamp duty taxes to 2% on property transactions, the provincial government has also suspended property and development tax from urban immovable property in order to boost activity in the real estate sector and generate employment.
Furthermore, to facilitate online businesses and Human Resource (HR) development-related services, zero GST on the service tax rate will be applied to cater the general public.
The government has also planned to facilitate the sectors affected due to covid-19 in the next fiscal year by providing incentives for job creation and boost the economic activities, the minister further added.
For news and blogs, visit Graana.com. |
#covid19updates #ResilientPakistan
Islamabad: The federal government is likely to include the Tax Laws (Amendment) Bill, 2024 in…
Islamabad: The International Monetary Fund (IMF) Executive Board is set to convene on Friday, May…
Members of the National and Punjab Assemblies have lauded the provincial government’s plan to introduce…
ISLAMABAD: The Capital Development Authority (CDA) has recorded a historic development expenditure of Rs25 billion…
ISLAMABAD: The federal government is set to inaugurate the Islamabad Information Technology Park on August…
Lahore, April 23, 2025 – The city of Lahore has successfully completed the construction of…
Welcome to Graana Blog - Pakistan’s Smartest Property Portal!
For more than a decade our intention has been to revolutionise the real estate industry in Pakistan. The same belief drove the vision of our real estate team, Graana where quality beats quantity.
We have introduced an extremely transparent and purposeful portal where we will help you buy, rent or sell your property. A place where you can sit back relax and let us market your projects and listings. We believe we have set new standards for the future of real estate in Pakistan by providing the smartest property portal.
