ABAD gives suggestions to Hafeez for increasing property tax collection.

ISLAMABAD -- The Advisor to Prime Minister on Finance and Revenues , Dr Abdul Hafeez Sheikh has said that housing and construction sector can play the role of backbone in the development of economy This he said while talking to the delegation of Association of Builders and Developers of Pakistan (ABAD) that called him on at his office on Monday.

The delegation was led by Hassan Bakhshi, which presented various proposals to enhance the property business in the country and improve tax collection for the government. The proposals were regarding taxation rates on property, building height restrictions in Karachi and rationalization of Property valuation tables and some other policy related exemptions that could help in smooth functioning of the property business and further accelerate the economic activity in...