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FBR registers 127 projects worth Rs63b under construction industry incentive scheme

FBR registers 127 projects worth Rs63b under construction industry incentive scheme

ISLAMABAD: Federal Board of Revenue (FBR) has registered around 127 projects worth Rs63 billion under Prime Minister’s construction industry incentive scheme.

According to FBR spokesman, the Prime Minister’s incentive scheme for builders and developers is now picking-up showing definite signs of success and great amount of interest by the construction industry.

Till October 19, 2020, a total of 127 projects have been registered with a total projected cost of Rs63 billion.

In addition, a total of 108 persons are also in the process of registering 114 projects at a projected cost of Rs109 billion.

The registered projects from major cities include 61 projects from Karachi, Lahore 44, Islamabad 30, Rawalpindi 19, Faisalabad 10 and rest from other cities.

The last date for registering projects under the scheme is December 31, 2020.