LAHORE: A large number of people, belong to real estate sector, have protested against the federal government over imposition of heavy taxation on transfer of land.
Thousands of protesters, representing different dealers and property agents association of the city, launched a protest rally from DHA which concluded on The Mall.
Different associations including DHA Real Estate Agents Association, Johar Town Property Dealers Association, EME Colony Property Dealers Association, Bahria Town All Property Dealers Association, Raiwind Road and Mohlanwal Property Dealers Association participated in the protest.
The protesters chanted slogans against the government, Finance Minister Ishaq Dar and Federal Board of Revenue.
While addressing the protest near Faisal roundabout, the speakers said that the government should withdraw heavy taxes imposed on the real estate after July 01, 2016 and tax slab should be restored at the level of 30th June that would help revival of this vibrant sector. They demanded that as like stock exchange, investors of real estate should be given amnesty so that buyers of property could easily show the sources.
