KARACHI: The Association of Builders and Developers (ABAD) has called for a long-term 15-year tax policy to restore investor confidence, arguing that frequent changes in tax laws create uncertainty in the market, which is detrimental to both the economy and investment.

In its pre-budget proposal, ABAD Chairman Mohammad Hassan Bakhshi also demanded the abolition of advance tax under Section 236C and proposed capping the tax under Section 236K at a maximum of 0.5 per cent. He said that eliminating the advance tax would facilitate easier and quicker property transfers.

The current tax rate........

© Dawn Business