Minister appreciates PM’s housing sector incentives

PESHAWAR: Khyber Pakhtunkhwa Minister for Housing Amjad Ali on Friday appreciated the incentives announced by Prime Minister Imran

Khan on housing sector and said that it would give a boom to construction industry besides providing job opportunities. In a statement issued here, he said under the subsidy plan of the prime minister the government would not collect tax more than five and seven percent on 5 Marla and 10 Marla houses respectively for next five years, adding the PM also gave 90 percent reduction in taxes in housing projects for low income group of society.

He noted that under the prime minister’s relief package the people attached with the construction industry would get exemption to disclose their assets till June 2021. Similarly, the government allocated Rs378 billion for housing finance through banks for low-income groups to construct their own houses.

He said the PM was taking keen interest in revival of the construction industry and as per commitment ensured provision of houses to each and every poor individual of the society.

The minister said the relief package would not only benefit the low income group but also usher a new era of development and prosperity in the country.