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Salient features of the amnesty scheme have been enunciated by PM Abbasi. Reality sector was focal point other than tax reformation. The proposal of 1% tax is encouraging but limiting non-files to 4 million will strangulate the sector. So far market reaction is not positive which is obvious from continuation of down trend.
Please elaborate,your assessment and impact on RE sector of these reforms, short and medium terms.

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Dear Muhammad,

Bringing non-tax payers into the tax bracket will ensure an uptrend as your CNIC will be your NTN reference in these tax reforms. The market is stable comparatively. There is an uptrend in most of the sectors in DHA especially. There will be an uptrend once it is implemented. Along with the notion of non-filers unable to buy land of more than 4 million there is an amnesty scheme in which you can declare your black money by paying a percentage of it to the government. Overall I believe there’ll be an improvement in the market.

Regards,

Umer Shehzad

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A real estate consult would never paint market bad with his own brush. so they will always say nothing no policy would effect market and prices.! so wrong people to ask this question. Answer would be always with bias.

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