The rates of the Capital Gains Tax (CGT) and Withholding Tax on immovable properties would be rationalized in the upcoming budget (2025-26) to facilitate buyers and sellers of real estate sector from July 1 2025, sources told daily Business Recorder. The rates of withholding tax would be reduced on the import of raw materials/inputs in federal budget (2025-26). The rates of withholding taxes would also...
The district administration of Peshawar banned 181 private housing societies in the provincial capital for functioning in violation of the prescribed regulations of Peshawar Development Authority under KP Govt. The ban was placed on the housing societies by the district administration on the recommendation of PDA. Out of 181 illegal housing societies functioning in provincial capital, 123 were in...
Pakistani ambassador to Germany, Dr Mohammad Faisal, said on Tuesday he had met Dieter Mettke from the multinational IKEA conglomerate who was en route to Pakistan to start IKEA operations there. “Met Dieter Mettke @IKEA_Deutchland. He is going to #Pakistan to be Incharge of #ikea operations,” Ambassador Faisal said on Twitter. “We look forward to #ikea opening up stores in major cities of...
Khyber Pakhtunkhwa Chief Minister Mahmood Khan has expressed anger over the establishment of illegal housing societies in Peshawar district and said that strict action will be taken against those responsible. Similarly, Prime Minister Imran Khan had already directed the government not to establish any housing schemes on agricultural lands. The Supreme Court had also ruled in a case that housing...
A smart city is an urban area that uses multiple latest available options of efficient & fast network system, apart from other modern facilities like education, health & sports facilities, modern security system, as well as their own water & sewage treatment plants. The Smart City housing concept integrates various systems with the help of latest concepts of “Information &...
The KPK CM approved the establishment of the first-ever sports city of the country in the Regi Model Town Peshawar, under the management of KP Sports Directorate. The project is estimated to cost around one billion rupees to build. Chief Minister Mahmood Khan was chairing a meeting of the K-P Sports Directorate-General for setting up the Sports City. The CM directed to immediately commence work on...
The Rashakai SEZ, launched by the Prime Minister Imran Khan in May 2019, is the first CPEC industrial cooperation flagship project. Concession Agreement between KPEZDMC and Chinese developer corporation has been signed in April 2019. Development agreement has been signed on 14th September, 2020. Groundbreaking of the SEZ is planned during the high-level visit of Chinese President to...
The Prime Minister’s incentive scheme for builders & developers of Pakistan is now picking-up showing signs of success and a great amount of interest by the construction industry. According to the released information by the Federal Board of Revenue, till 19th October 2020, a total of 127 projects have been registered with a total projected cost of Rs. 63 billion. In addition, a total of 108...
Builders and developers can save around six times on taxes if they register under the Prime Minister Imran Khan's construction package as it has a fixed regime. “This saving on tax will add up to whatever profit you make,” explained the FBR’s Abdul Hafeez while addressing them at a seminar on the ‘PM’s Package on Naya Pakistan Housing Scheme’ at the Association of Builders and Developers...
Present Provincial Govt of KPK successfully resolved the long disputed land issue between the state and Kooki Khel tribe (& allies) in Zone-1 of Regi Model Town Peshawar. This land issue is long disputed since 1990s. An international level sports stadium (over 350+ kanals) is being assessed for people of Peshawar. This 350 kanal Land in Regi Model Town handed over by PDA to Directorate of Sports for...
Compare listings
Compare
by