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Realtors Want a Focal Advisor to Caretaker PM For Real Estate Concerns

The real estate sector in Pakistan is facing a number of challenges, including complex taxation matters, frequent changes in tax policy. In such a downturn in the real estate history the realtors want a focal Advisor to caretaker PM for real estate concerns. The want of the special Advisor arose due to tumultuous conditions of real estate with an uncertain economic environment. That is why, these challenges have created a need for a dedicated Advisor to the Prime Minister on Real Estate and Construction. For this, the real estate stakeholders have urged an official body under the caretaker government.

Why is the Real Estate Advisor Required

Pakistan real estate industry is under pathetic circumstances. So, these problems should be addressed by a qualified and experienced Advisor. The focal person would be able to Understand the ground realities. Of the complex taxation matters facing the real estate sector. Represent the interests of the sector to the government and the Federal Board of Revenue (FBR). Advocate for policies that promote growth and investment in the sector. Work with stakeholders to resolve issues and create a more favorable business environment

Responsibility of the Advisor

The Advisor should have the authority to take prompt decisions in consultation with the FBR and provincial revenue authorities. This would allow them to address the day-to-day matters of the sector and provide timely support to taxpayers.

The Advisor should also be able to interact with stakeholders and government departments to take immediate action on the issues being faced by the construction sector and the real estate business. This would help to create a more efficient and responsive regulatory environment.

Expectations From the Real Estate Advisor

The appointment of an Advisor to the Prime Minister on Real Estate and Construction would be beneficial as following.

  • He will represent the real estate issues to the PM.
  • Taxes and Unfair Penalties Redressing to PM.
  • Construction industry problems to resolve.
  • Raise Challenges faced by the sector
  • Promote the growth and development.

Likely Benefits of Real Estate Advisor

There will be great benefits of appointing an advisor to the Prime Minister on Real Estate and Construction.

  1. The Advisor would provide a dedicated and focused voice for the real estate sector within the government.
  2. The Advisor would be able to represent the interests of the sector to the FBR and other relevant government agencies.
  3. The Advisor would be able to advocate for policies that promote growth and investment in the sector.
  4. The Advisor would be able to work with stakeholders to resolve issues and create a more favorable business environment.
  5. The Advisor would be able to provide timely support to taxpayers and help to create a more efficient and responsive regulatory environment.

Conclusion

Nexthome.pk has scrutinized overall analysis on appointment of an Advisor to the Prime Minister on Real Estate and Construction. We came to the point that it would be a significant step towards addressing the real estate challenges. So, likewise, construction sector will also stabilize with sustainable growth and development.

 

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