KP govt reduces property transfer tax to 3pc: Muzammil Aslam

Advisor to the Chief Minister on Finance, Muzammil Aslam, announced on Monday that the provincial government had reduced the property transfer tax from 6% to 3% in the previous budget.
He highlighted that the move aims to ease the financial burden on property buyers and encourage real estate transactions in the province.
Aslam stated the provincial government has also requested the federal government to lower the tax rate, adding high taxes on property transfers pose a significant hurdle for low-income individuals.
However, he noted that the KP government’s stance has been vindicated, as the federal government is now considering reducing property tax rates.
Muzammil Aslam stated that he was scheduled to meet Imran Khan, the founder of PTI, at Adiala Jail on January 30, but was made to wait for four hours and then turned back without reason.
Aslam added that a writ petition has been filed in the Islamabad High Court today, February 3, to ensure the meeting takes place.
KP Advisor on Finance, has issued a statement on inflation, stating that the government was hiding the true picture of inflation. According to Aslam, today’s inflation statistics reveal a 2.4pc inflation rate, which is almost the lowest in 10-15 years.
However, Aslam pointed out that the core inflation data tells a different story, with rural inflation at 10.4pc and urban inflation at 7.8pc.
He emphasized that this was the type of inflation that destroys the purchasing power. Aslam also noted that the constant inflation will not be hidden from the public, especially in the age of social media.