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GCHF
Gatwala Commercial Hub , Faisalabad is Punjab’s biggest and Pakistan’s second largest mixed use, real estate project. It has a covered area of over 3.1 million sq. ft.

This mega project, designed and developed by Shah Nawaz Associates, is located, at the junction of Canal Expressway and Lahore Sheikhupura Road. The road in front of the GCH project, has an average traffic count of 30 vehicles per minute. become, the city’s next mega center for trade, commerce, industries as well as residential projects.

 

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BOI encourages to invest in Pakistan’s housing sector

ISLAMABAD: In a bid to encourage investment in Pakistan’s housing and construction sector, the Board of Investment (BOI) hosted a seminar in Dubai.

While speaking on occasion, BOI Secretary Fareena Mazhar briefed the participants on the potential the sector holds and the incentives offered, which included tax-based rebates introduced under the Tax Laws Amendment Ordinance 2020, exemption of builders & developers from withholding taxes on the purchase of building materials and any tax payable on the income and facilities to speed project approvals through one-window operation under the Naya Pakistan Housing and Development Authority (NAPHDA).

The participants were also briefed on initiatives introduced by the State Bank of Pakistan (SBP), including setting up a target of a minimum of 5% for banks to approve housing finance to promote the sector. 

 

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