Previously, a 3% FED was imposed on property transactions for tax filers, while non-filers faced a 5% tax. Now, this duty will be completely removed from both categories. The government’s goal is to improve the real estate market and encourage more investment.

Experts say this decision is a huge relief for the real estate sector, and it is expected to stabilize property prices, speed up construction activities, and boost investment.

Additionally, the government has approved the initial draft of the National Housing Policy 2025, which includes key recommendations for urban planning, building new cities, microfinancing, and using local construction materials.

Construction developer Hamad Liaquat Chaudhry has called for the immediate revival of the real estate task force set up by the Prime Minister, to promote both local industry and attract foreign investment. Could this be the start of a new boom in Pakistan’s real estate market? Stay tuned for updates!