Karachi: The price limit of property has been increased to PKR 5 million from PKR 4 million, a news source quote the Finance Minister Miftah Ismail. Ismail was addressing a meeting organised by Federation of Pakistan Chambers of Commerce & Industry.
Previously, as announced in budget 2018-19, the non-filers were barred from purchasing property worth over 4 million.
Talking about the same restrictions on non-filers for purchasing a new car, Miftah said that the previous decision will not be rolled back, as roads are constructed from tax money and the car owners running on these road need to pay their taxes. You can find more on this by checking out Budget proposals 2018-2019 for income tax filers.
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