Call to extend amnesty scheme time for construction sector.

KARACHI -- Mian Anjum Nisar, President, Federation of Pakistan Chambers of Commerce and Industry (FPCCI), while appreciating the Prime Minister of Pakistan for introducing Amnesty Scheme for construction industry, has said that the scheme has boosted the socio-economic status of daily wagers and supported the construction and its allied sectors. "It was a tremendous decision for the mitigation of COVID-19 impact over Pakistan. This incentive scheme attracts the builders, developers, and purchasers of housing units and plots who have not availed of it yet. Even the negative economic effects of Covid-19 pandemic have not hindered the Construction Industry in providing immediate jobs back to the millions of daily wages earners," he said in a statement issued on Saturday. He informed that Prime Minister Imran Khan had announced the tax amnesty scheme for the real estate and construction sector in April 2020 and will remain valid till 31st December 2020. The relief package was for the construction industry with twofold aim of providing employment to daily wage earners, and spurring economic activity. Those availing of this scheme need to register with the designated FBR portal since the ordinance was promulgated from April 2020 to December 31, 2020.

The immunity from declaring the...