Islamabad: Non-taxpayers will not be allowed to invest in the real estate sector of Pakistan after July, a news source quoted Advisor to Prime Minister on Finance Miftah Ismail. In this regard, the tax amnesty scheme has been announced which will bring more people from the upper class into the tax net, he added.
Talking to news media, Miftah said that the government is to facilitate the middle class with Economic Reforms Package, while this package will also help widen the tax net in the country.
Further details on disallowing non-taxpayers from purchasing property in Pakistan are awaited. As soon as there is an update, you will find it on Zameen News.
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Samra Zulfiqar
Samra Zulfiqar is a Real Estate Analyst at Zameen Media (Pvt) Ltd. You can also find and follow her on Google+.