Sindh abolishes the tax on the capital value of real estate

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KARACHI:

In an attempt to encourage the construction and real estate industry, the Sindh Assembly on Monday passed a law to “abolish the capital value tax” on real estate.

According to the amended Sindh Finance Bill, the Sindh government will not charge this tax on the rental, sale and purchase of real estate.

“The law will not only revive the construction industry, but will ensure that other related industries thrive as well,” stated the objectives of the legislation.

Provincial Revenue Minister Makhdoom Mehboobul Zaman, who proposed the bill, said around 40 sectors would directly or indirectly benefit from the new law.

“The government of Sindh was making more than 5 billion rupees with this tax, but we made this law for a good cause, on the directives of the chairman of the Pakistani People’s Party (PPP) Bilawal Bhutto Zardari,” he said. asserted, suggesting that the federal government should follow in Sindh’s footsteps.

Opposition parties also supported the bill, calling it the need of the hour.

Supporting the legislation, opposition leader Firdous Shamim Naqvi said Sindh already collects more property taxes than other provinces, but offers minimal benefits to those linked to the construction industry.

“Due to the lack of facilities [provided to them] majority of investors choose to invest in Punjab and elsewhere, “he said.” Sindh government led by PPP should also think not only of Karachi, but also of Hyderabad, Sukkur and Larkana regions , by encouraging businessmen to launch mega-projects. “

Khawaja Izharul Hassan of the Muttahida Qaumi-Pakistan Movement, who also voted in favor of the bill, called on the federal and provincial governments to also exempt people from withholding tax.

Harassment of women journalists

In addition, after the recent emergence of the harassment of several women journalists, the provincial assembly unanimously adopted a resolution condemning the act, while demanding a full and transparent investigation of the cybercrime wing of the Federal Agency. investigation.

“Women journalists are victims of social media accounts affiliated with the ruling party at the Center [the Pakistan Tehreek-e-Insaf]”said PPP lawmaker Sharmila Farooqi, who proposed the resolution underlining the danger to women journalists who had criticized the policies of the government in power. created an unacceptable culture of abuse to try to silence them.”

She added that these journalists were harassed online and were also threatened with sexual and physical violence, putting their safety at risk.

The resolution said that appropriate legal action must be taken against the culprits. He also demanded that the FIA ​​report following the investigation be made public in order to expose the perpetrators.

The chamber further called on the federal government to guarantee freedom of expression, as guaranteed by article 19 of the Constitution.

Posted in The Express Tribune, August 25e, 2020.


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