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Thursday February 06, 2025

CM aide says property transfer tax reduced

By Bureau report
February 04, 2025
Adviser to Chief Minister on Finance Muzzammil Aslam speaks in a video message. — Screengrab via YouTube@MuzzammilsDeskTCA/File
Adviser to Chief Minister on Finance Muzzammil Aslam speaks in a video message. — Screengrab via YouTube@MuzzammilsDeskTCA/File

PESHAWAR: Adviser to Chief Minister on Finance Muzzammil Aslam said on Monday that the provincial government reduced property transfer tax from 6 to 3 percent in the previous budget.

In a handout, he said the Khyber Pakhtunkhwa government also requested the federal government to lower the tax rate.Aslam stated that high taxes on property transfers posed a hurdle for low-income individuals. However, he noted that the KP government’s stance had been vindicated, as the federal government was now considering reducing property tax rates.

Aslam stated that he was scheduled to meet Pakistan Tehreek-e-Insaf founder Imran Khan at Adiala Jail on January 30, but was made to wait for four hours and turned back.He added that a writ petition had been filed in the Islamabad High Court to ensure the holding of a meeting with the PTI founder.

He said that the federal government was hiding the true picture of inflation.Aslam pointed out that the core inflation data told a different story with rural inflation hovering at 10.4 percent and urban inflation at 7.8 percent He emphasized that this was the type of inflation that hit the purchasing power of the people.