The federal government is preparing a tax-free real estate investment package aimed at overseas Pakistanis, with the proposal already shared with the International Monetary Fund for approval, according to official sources.
The initiative is being positioned as a major step to attract foreign inflows, particularly in dollars, while making property investment safer and more transparent for overseas investors. Authorities expect the package to be formally introduced as early as next month.
Officials say the plan focuses on simplifying procedures and removing long-standing barriers that have discouraged overseas participation in Pakistan’s real estate sector. The government believes that a more investor-friendly framework could revive construction activity and strengthen foreign exchange inflows.
As part of the proposal, new mechanisms such as escrow accounts are under consideration to ensure secure transactions. These accounts are intended to reduce fraud risks and bring greater transparency to property dealings, an issue that has historically affected investor confidence.
In addition, the government is evaluating the development of Real Estate Investment Trusts, aiming to create structured and regulated investment channels. Special investment zones are also being planned to promote construction and large-scale development activity.
Officials from the housing sector said that additional incentives and facilities will be offered specifically to overseas Pakistanis to encourage participation in the construction industry. However, these benefits are expected to be largely limited to tax filers, with little relief currently proposed for non-filers.
The plan also includes proposed adjustments to taxes on property transactions, which are currently awaiting approval from the IMF.
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Stupid Logic
I am the unlucky one staying in this country
I get humiliated every day
Pay Taxes
And Perks are for those who happen to pay nothing and enjoy elsewhere.
Why they should enjoy on my expense?
Roger them also make their nose bleed like mine. Give them nothing and Tax them Heavily as is being done with me
Pakistan Zindaabad
It will only be viable and safe if NS and Zardari’s invests their foreign currency sent from their heavens abroad
So much damage has already been caused to investors at home as well as overseas that any package to make fool for the time being can’t work now.
when government needs money it remembers overseas pakistanis, why not just pay the media to paint rosy pictures of government achievements.
Propping bcz they don’t want real estate to pay taxes. Pathetic