2:23 PM US$88 Billion invested in Pakistan's real estate business: Estate Agent Association (EAA)

US $88 Billion Invested in Pakistan’s Real Estate Business: Estate Agent Association (EAA)

The second-biggest enterprise in Pakistan, with a funding extent of $88 billion, is in line with Sardar Tahir Mehmood, President of the Islamabad Estate Agent Association and Federation of Realtors Pakistan.   

According to the President of EAA, Pakistanis dwelling overseas invest $4 billion yearly on this enterprise, with the capability to develop to $8 billion. In the meanwhile, he requested in his speech to the convention that the authorities undertake tax rationalization, repeal of 7E, open the door to overseas funding, and decrease the tax rate.   

With those steps, in line with Sardar Tahir, funding could upward thrust withinside the kingdom and the financial system will prosper. The extra Gain tax, belongings registration, and different taxes, he said, are a hazard to this region that’s presently going through significant issues. 

According to a senior commercial enterprise leader, this region withinside the nation presently sees transactions well worth Rs 3000 billion.   

Speakers from the 4 provinces, together with Punjab and Sindh, KPK and Balochistan, and Azad Kashmir, spoke at the convention and advised the authorities to rationalize taxes for the real property region.

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