Peshawar: The Khyber Pakhtunkhwa (KP) government on Thursday waived off the registration fee on the sale and purchase of land and property in the province, a news source reported. According to details, individuals would no longer be liable to pay the 0.5% fee on registering land transactions.
To this effect, the KP Revenue Department notified the withdrawal of the fee previously imposed on registration of land transactions. Official sources revealed that the provincial government had taken this step to attract investments in the local construction sector.
Earlier, the KP government had also amended laws to expedite the process of acquiring building approvals, selling and buying property, and completing other relevant procedures. Similar actions have been underway in other provinces to revive the construction industry. The Punjab government also introduced a relief package for the sector earlier this week.
Punjab has fixed a timeframe for the issuance of NOCs and launched a one-window operation at e-Khidmat centres in all divisional headquarters. Prime Minister (PM) Imran Khan also revealed that the government would soon launch an online application, tracking, and monitoring system, along with one-window facilitation centres, to further assist the construction industry.
