1. Why Change Is Necessary Pakistan's real estate sector accounts for roughly 3.5% of GDP, with real growth at 3.7%, outpacing manufacturing, highlighting its importance and potential for tax revenue, e-republicpolicy.com. Yet, despite its significance, revenue from property-related taxes remains limited: only 6.7% of federal income tax revenues and less than 1.5% from urban property tax revenue....
The Future of Real Estate Taxes in Pakistan: Challenges and Opportunities The real estate sector in Pakistan plays a crucial role in the country’s economy, contributing significantly to GDP and creating millions of jobs. However, real estate tax policies have long been debated, often criticized for being outdated, inconsistent, or poorly enforced. As Pakistan looks toward economic reforms and greater...
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