Pakistan, June 17 -- The International Monetary Fund has opposed the government's proposed Rs115 billion relief package for the construction and property sectors, creating uncertainty over a key economic initiative announced in Budget 2026-27. The package was designed to stimulate investment, encourage property transactions and support broader economic activity through increased construction and development.

Under the proposed measures, the government planned significant reductions in taxes imposed on property transactions. The tax rate on property purchases for filers was proposed to be cut from 2.5% to 1.25%, while the tax on property sales for filers was set to decrease from 5.5% to 2.75%, offering substantial relief to buyers and sel...