ISLAMABAD: The Pakistan Peoples Party (PPP) on Sunday criticised the package announced by the government for the construction industry and termed it “a windfall profit package for property developers, dealers, speculators and tax evaders”.
The president of PPP’s Sindh chapter, Nisar Khuhro, and former senator Taj Haider said in a joint statement that on the one hand, the package had sanctified ill-gotten money of the elite and on the other, it had pushed prices of residential plots and house rents beyond the reach of even the upper middle class.
“Speculators whose funds had been blocked in massive bookings in stalled construction projects can now reap huge profits without even paying capital gains tax,” they said.
The PPP leaders said that it was surprising to note that the rate of dollar had fallen on the very day the interbank interest rate was reduced by the State Bank of Pakistan.
Normally, it should have been the opposite, they said.
