Prime Minister Imran Khan reaches Lahore on one-day visit
LAHORE (92 News) – Prime Minister Imran Khan reached Lahore on a one-day visit on Saturday.
He will address a ceremony of registration of Tiger Force. He will also hold important meetings with Punjab Governor Ch Muhammad Sarwar and Chief Minister Sardar Usman Buzdar.
The prime minister will also meet the representatives of the business community.
Announcing a package for the construction industry on Friday, Prime Minister Imran Khan said that Investors in construction sector would not be asked about their source of income.
He said that the sector plays an important part in development of a country. “Those investing in the construction sector will not be asked about their source of income. Withholding tax on all construction related material has been waived off except on cement and iron,” he maintained.
PM Khan said that the government has decided to give the status of industry to construction sector. “The tax rate will be fixed for the construction sector, and constructors will be charged tax per square foot or square yard,” he added.
Imran Khan further said that capital gain tax on property will not be charged. “The opening of construction industry is necessary to keep the economy running,” he added.
He said a Construction Industry Development Board is also being set up to promote the construction industry. “The sector will be opened from April 14. The government is also devising strategy to lower sales tax in coordination with the provinces,” the premier explained.