FY27 Budget Halves Property Tax for Filers: REIT Stocks in Focus
The FY27 budget halves the property tax for tax filers to revive the real estate sector. Here is what a lower transaction cost means for listed REITs.
Medium impactLong-term
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The FY27 budget halves the property tax for tax filers to revive the real estate sector. Here is what a lower transaction cost means for listed REITs.
The FY27 budget halved the withholding tax on property purchases by filers to 1.25 percent and cut the tax on sales to 2.75 percent. By reviving real-estate activity, the measure is positive for cement, steel, the listed REIT and banks on mortgage flow.
Pakistan's Prime Minister announced that the IMF chief praised the country's reform efforts, a positive sign for ongoing discussions regarding a new bailout package and overall economic stability.
The SECP approved the offer for sale of JS Rental REIT units, clearing the way for it to list on the PSX Main Board. The offer covers 25 percent of units, about 53.6 million units at a fixed price, managed by JS Investments.