Govt taking steps to resolve problems of real estate sector: Dr Firdous

ISLAMABAD (HRNW) Special Assistant to the Prime Minister on Information and Broadcasting Dr Firdous Ashiq Awan on Monday said the PTI government was aware of the importance of real estate sector in development of the country and it was taking multiple initiatives to resolve its problems.

Addressing the oath-taking ceremony of Federation of Realtor of Pakistan here, she said that the government, under ‘ease of doing business initiative’, has introduced one-window operation system and digitalization of the system was being carried out to ensure transparency in dealings and transactions.

She said that Construction Industry Development Board was being constituted which would prove to be a milestone in resolution of the problems of this sector. She said that special tribunal for real estate sector would also be constituted for timely decisions in case of litigation.

She thanked Federal Board of Revenue (FBR) for reducing Capital gain Tax on the property from 2 per cent to one percent. She said Prime Minister Imran Khan intended to provide shelter to every poor person of the society and this dream could not be materialized with cooperation of real estate sector.

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