Real estate sector seeks tax relief to boost growth

The real estate sector has called for tax relief initiatives and streamlined regulatory procedures to promote stronger activity. Eighteen Housing CEO Tarek Hamdy met a group of journalists to underscore the real estate sector's indispensable contribution to national growth. Amidst ongoing discussions about the upcoming relief package by the Pakistani government, Hamdy called for prioritising the real estate industry, citing its multifaceted impact on the broader economy. He highlighted that the real estate sector's implications extend far beyond mere property transactions. "Real estate isn't just about buying and selling homes; it's a catalyst for economic prosperity." He pointed out that over 250 ancillary industries are intricately linked with real estate, ranging from construction materials to interior design services, all of which stand to benefit from a revitalised housing market.