Government may allow Rs.100 Million cash home purchases: Arif Habib
Key takeaways
- Taxes associated with construction are also higher than those imposed on many other sectors.
- Arif Habib said that the government has recognised the significance of the construction industry and is actively supporting it.
- He claimed that during a meeting, the Prime Minister, Shehbaz Sharif, had reportedly said that every possible obstacle to the promotion of construction should be removed.
Why this matters: local context for readers following news across Pakistan and the region.
Add ARY News on Google AAResize Renowned Pakistani stock trader and owner and founder of the Arif Habib Group, Arif Habib has confirmed that the government of Pakistan is fully supporting the country’s construction industry.
Talking on the ARY News program ‘On My Radar’, Arif Habib said that the Prime Minister of Pakistan has been supporting the promotion of the construction industry for several months, and various committees have been working on the issue.
He said that the government of Pakistan now has a clear understanding of the importance of the construction sector because of the industry’s potential for job creation, support to allied industries, and provision of housing to the public. Taxes associated with construction are also higher than those imposed on many other sectors.