IMF demands a tax on the real estate sector to give installment to the Pakistani government Best 24

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IMF demands a tax on the real estate sector to give installment to the Pakistani government
IMF demands a tax on the real estate sector to give installment to the Pakistani government

IMF demands a tax on the real estate sector to give installment to the Pakistani government

Final round of talks with the IMF, big changes in the real estate sector, and taxes expected Emphasis on bank loans instead of cash on property purchases Tomorrow will be the final round of negotiations between Pakistan and the International Monetary Fund (IMF) for the standby arrangement, in which major progress is expected.
 Negotiations between the parties have been going on for the last four days, and the draft of the Memorandum of Economic Policies will be prepared by finalizing the issues in the negotiations.
According to sources, Pakistan has assured the IMF that it will bring the real estate sector into the tax net, under which all housing societies will be registered and property sales taxes will be increased for non-filers.
Sources say that the IMF has insisted on bank loans instead of cash for property purchases.
According to the sources, the budget for the new financial year will include important initiatives related to the real estate sector, and coordination will be created between the federal and provincial governments for taxation on the real estate sector.
The government has proposed a tax on the registration of property agents and the sale and purchase of files.
 A staff-level agreement with the IMF is likely to be reached at the end of the negotiations.
 The agreement will be presented for approval at an executive board meeting expected in April 2024. IMF demands a tax on the real estate sector to give installment to the Pakistani government

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IMF demands a tax on the real estate sector

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