Big Update: FBR Agrees in Principle to Reduce Property Transaction Taxes and Reconsider 5% FED for First-Time Buyers

In a significant development for Pakistan’s real estate sector, the Federal Board of Revenue (FBR) has agreed in principle to reduce taxes on property transactions and reconsider the 5% Federal Excise Duty (FED) for first-time buyers. This move is expected to provide a much-needed boost to the property market,