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Construction Package extended by Prime Minister till 31st Dec 2021

Prime Minister Imran Khan announced that the Govt of Pakistan has extended the fixed tax regime to Dec 31, 2021. He said this had been a big demand from the construction industry which was why they were given an "extra year". The Prime Minister said, "We believe that the economic activity that this will generate only in Punjab will be equivalent to Rs1,500bn and will result in 250,000 jobs. Similar...

LDA approved plan for 4000 apartments for low cost Naya Pakistan Housing

Lahore Development Authority (LDA) has approved the construction of 4,000 apartments under Phase 1 of the Naya Pakistan Housing Scheme. This project will cost approximately Rs. 10 billion and citizens will receive prior facilitation to buy the apartments. All the citizens who would be provided mortgage facility by Naya Pakistan Housing Authority and the commercial banks will now be eligible for...