The Pakistani government is gearing up to announce major tax cuts on high-value property transactions to revive the real estate market. Key highlights include: • Tax reduction on properties worth over Rs100 million, with advance tax for filers slashed from 4% to below 1%. • Property tax exemption for plots and homes valued up to Rs50 lac, approved by the Punjab cabinet. • New rules to block undeclared income for property purchases exceeding Rs1 crore, requiring income declaration in tax returns. • The government is consulting with the IMF to ensure these reforms align with fiscal objectives, targeting the 2.5% of high-value transactions often tied to undeclared money. These changes aim to boost real estate investments and improve transparency, creating a more dynamic property market.