Praying for a break

August 19, 2022

Nowadays there is a lull in the real estate market, specifically in Karachi, and purchase of open plots as well as built-up properties have drastically declined. There are several reasons for the bearish behaviour of the real-estate sector, which has been one of the highest contributors to the national exchequer for many years.

The main culprit is the Finance Act 2022-2023, in which new taxes have been introduced. I request the government to withdraw these unfair taxes as soon as possible.

Mumraiz Khan