property investment

The Punjab government has imposed 16% sales tax on commercial property rent from July 1, 2025 under the Punjab Finance Act 2025. This tax will be applicable on all “fixed fee invoices” relating to the rent of immovable commercial property. Only residential houses rented out for personal residence are exempted from this tax. M. Tanveer, patron-in-chief of the United Business Group (UBG), has...

"The Federal government on Sunday proposed a Rs36 billion mini-budget and eased restrictions on major purchases by individuals with insufficient declared assets." Shahbaz Rana of Express Tribune Reported. The revised criteria aim to address public concerns about the negative impact of the earlier blanket ban on economic activity by ineligible persons. With the introduction of a mini-budget before the...

Real estate plays a major role in everyday economic survival but housing expenses take up a substantial portion of a household’s budget, leaving little room for savings, investments, or other essential expenses. The increasing cost of living — driven by inflation, utility bills, and everyday expenses — has made it harder for families from the middle-income group to sustain themselves, reported by...

News One was bought by another Property Tycoon, Al Kabir Real Estate Developers. Big real estate conglomerates now also own TV channels: Express TV: Lackson Group of Lakhani Family (Sultan Ali Lakhani) Nukta Digital: Bahria Town Azad Digital: Muhammad Musawar Abbasi (New Owner of Malik Riaz Properties) Green Entertainment: Al Kamal Media (Founder & CEO is Fasih Ur Rehman) Channel...

Yesterday, Lahore High Court abolished payment of 1% annual tax on real estate. The Federal Board of Revenue (FBR) has announced that non-resident individuals including non-resident Pakistanis are not required to pay tax on immovable properties under section 7E of the Income Tax Ordinance 2001. The Federal Board of Revenue (FBR) has implemented the judgment of the Lahore High Court (LHC) on Section 7E...

The new balloting of DHA Valley Residential plots was held on 27th April, 2023 at DHA Valley Office, Islamabad.   مورخہ 27 اپریل 2023 کو ڈی ایچ اے انتظامیہ نے ڈی ایچ اے ویلی کے ان پلاٹوں کی قرعہ اندازی کی جو شروع دن سے پہلے مالک کے پاس رہے۔ اس قرعہ اندازی میں سینیئر سیٹیزن،...

The construction of Dadocha Dam is set to cater to the needs of Rawalpindi residents by providing potable water, irrigation, and power generation. Commissioner Rawalpindi Liaquat Ali Chattha highlighted that the residents of Rawalpindi need 65 million gallons of water that could be raised upto 90 million gallons. “The district government is supplying 51 million gallons of water to residents,” he...

The Rawalpindi Development Authority (RDA) chairman, Saif Anwar Jappa, has announced that the authority is preparing a master plan for the district for the next 25 years in collaboration with the local government. He stated that separate areas would be allocated for housing schemes, industries, and central business, and that housing societies and industries would not be allowed outside of these designated...

CDA officials said once Margalla Avenue is completed, traffic load on Srinagar Highway will also reduce. Once completed, the road will be a direct link for traffic to and for GT Road via Margalla Avenue. There would be an interchange on the GT road and it will connect directly to the motorway. CDA Chairman retired Capt Mohammad Usman took special interest in completing Margallah Avenue and other...

Bank Al Habib Limited (BAHL) announced that it has purchased ‘Centrepoint Building’ from TPL Properties, located in Karachi. TPL Properties also notified to Pakistan Stock Exchange that “Further to our earlier disclosures of August 20, 2020 regarding sale of the Company’s flagship project “Centrepoint” located off Shaheed-e-Millat Expressway near KPT Interchange, Karachi, we are pleased to...