Source of income of construction sector investors will not be inquired: Imran Khan
ISLAMABAD: Prime Minister Imran Khan on Friday said source of income of the people investing in construction sector would not be inquired the following year.
Announcing a massive package for the construction industry to maintain the economic activity affected due to coronavirus, PM Imran said, “30 billion rupees subsidy is being provided for Naya Pakistan Housing scheme.”
He said construction sector would start operation from April 14. Capital gain tax would not be imposed on selling a house, he said. He also announced that the government was giving construction sector status of an industry.
Imran Khan said 90 percent of taxes would be waived off from construction sector.
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He said amid efforts of containing the coronavirus disease, the government would have to create a balance allowing the industries which were essential to provide employment to the poor people.
“The government will open up the construction industry as it does not involve any gathering. However, the government will specify the parameters of working, particularly at the site of mega projects to ensure the observance of social distancing,” he said.
He stressed that the people should avoid going to the gatherings and adopt precautionary measures to stem the pandemic.
The prime minister expressed the hope that country would overcome the coronavirus outbreak using its available resources.
Abdul Hafeez Shaikh said government had allocated 200 billion rupees for the people whose earning was affected by the closure of industries or other workplaces.
He said the pending bills of gas and electricity would be payable during the next three months and the government would bear the impact.
Imran Khan said registration of people underway under Ehsas Programme and Corona Relief Fund was established for deprived people.
“We have a large population of 220 million and we cannot lock them down. Modi had to beg pardon after he imposed lockdown without planning,” he said.
Hafeez Sheikh said the government refunded 100 billion rupees tax.
