Income Tax Ordinance (2020) for builders, developers and Investors | PTI Official | 14 June 20
Channel: Pakistan Tehreek-e-Insaf
Date: 2020-06-15

Special initiatives taken by Government of Pakistan in contemporary uncertain situation during #COVID_19 pandemic

There is no blinking at the fact that Corona virus has left unprecedent footprints on the world economy. For combating the worst social economic consequences of this virus, every country in the world is taking localized policy measures keeping in view ground realities according to the concept of Global Localization.

One of the most important step through Smart Lock down approach is Income Tax Ordinance 2020. Which is a tax amnesty scheme specially designed for builders, developers and Investors. Through implementation of proposed ordinance, billions of rupees will be invested in construction sector, while dozens of closed factories will start production which includes steel, cement, electricity and other factories. Thousands of unemployed Pakistanis will get reasonable jobs which will lower unemployment rate and will increase GDP of Pakistan in the long run.

How this Income Tax Ordinance is helpful for builders, developers and Investors including local and overseas Pakistanis ; please watch this video