*Relief for Real Estate Sector* Withholding tax rate reduced on property purchase Withholding tax reduced from 4% to 2.5% In the second slab, it was reduced from 3.5% to 2% In the third slab, the withholding tax was reduced from 3% to 1.5% Federal excise duty on the transfer of commercial properties, plots and houses abolished 7% federal excise duty was imposed in the last budget Tax credit announced for houses up to 10 marla and flats up to 2,000 square feet Government decides to promote mortgage financing Stamp paper duty on property purchase in Islamabad reduced from 4% to 1%