{"id":165762,"date":"2021-01-02T07:19:07","date_gmt":"2021-01-02T02:19:07","guid":{"rendered":"https:\/\/leadpakistan.com.pk\/news\/?p=165762"},"modified":"2021-01-02T07:19:07","modified_gmt":"2021-01-02T02:19:07","slug":"taxes-on-residential-schemes-reduced-by-90pc-amjad","status":"publish","type":"post","link":"https:\/\/leadpakistan.com.pk\/news\/taxes-on-residential-schemes-reduced-by-90pc-amjad\/","title":{"rendered":"Taxes on residential schemes reduced by 90pc: Amjad"},"content":{"rendered":"<p>APP<br \/>\nPESHAWAR<br \/>\nKP Minister for Housing, Dr. Amjad Ali has said that Prime Minister Imran Khan has reduced taxes on residential schemes for low income and middle class by 90%.<br \/>\nIn a statement issued here Friday from his office, he said that Prime Minister Imran Khan has announced a revolutionary package for construction and housing sectors and has extended subsidy in head of house constructions for low income and middle class, adding now they will not pay 5% and 7% tax on their 5 and 10 Marla houses for the period of next five years.<br \/>\nFurthermore, he said that under the Prime Minister\u2019s special relief package, the housing sector investors have been exempted of showing their sources of income till June 30, 2021 and low cost houses will also get bank finances.<br \/>\nThe provincial minister for housing said that a huge amount of Rs.378 billion has been allocated for construction sector till December 2021 and beside a a subsidy of Rs.30 billion the period of fixed tax for construction sector industries has also been extended for another year.<br \/>\nAmjad Ali said that due to keen interest of Prime Minister in construction industry, extension of full support and commitment for removal of all hurdles would make the construction of houses for lower middle and middle classes easy.<br \/>\nExpressing satisfaction over facilitation and provision of relief to construction and particularly to housing sector, the provincial minister said that the housing sector projects will not only benefit lower income class and those lacking houses, rather will also ensure generation of employment opportunities and usher socio-economic uplift in the country.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>APP PESHAWAR KP Minister for Housing, Dr. Amjad Ali has said that Prime Minister Imran Khan has reduced taxes on residential schemes for low income and middle class by 90%. In a statement issued here Friday from his office, he said that Prime Minister Imran Khan has announced a revolutionary package for construction and housing [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-165762","post","type-post","status-publish","format-standard","category-business"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Taxes on residential schemes reduced by 90pc: Amjad<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/leadpakistan.com.pk\/news\/taxes-on-residential-schemes-reduced-by-90pc-amjad\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Taxes on residential schemes reduced by 90pc: Amjad\" \/>\n<meta property=\"og:description\" content=\"APP PESHAWAR KP Minister for Housing, Dr. Amjad Ali has said that Prime Minister Imran Khan has reduced taxes on residential schemes for low income and middle class by 90%. In a statement issued here Friday from his office, he said that Prime Minister Imran Khan has announced a revolutionary package for construction and housing [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/leadpakistan.com.pk\/news\/taxes-on-residential-schemes-reduced-by-90pc-amjad\/\" \/>\n<meta property=\"og:site_name\" content=\"Daily Lead Pakistan\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/DailyLeadPak\/\" \/>\n<meta property=\"article:published_time\" content=\"2021-01-02T02:19:07+00:00\" \/>\n<meta name=\"author\" content=\"Web Desk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@DailyLeadPak\" \/>\n<meta name=\"twitter:site\" content=\"@DailyLeadPak\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Web Desk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta 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