The Federal Board of Revenue (FBR) has reported the registration of 1083 construction projects worth Rs. 340 billion, with 292 additional investments under discussion as per the prime minister’s package for the construction industry. These are positive signals for the real estate sector because 3851 buyers have also shown interest in purchasing properties.
The registration of all construction projects is required to be completed on the FBR IRIS software before 30th June 2021. The construction projects have been delegated to be completed by 30th September 2021.
The registration of these projects ensures that all requirements with FBR are needed to keep track of taxpayers and those eligible. The Prime Minister’s package provides tax relief to individuals, associations, and companies.
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