Anti-Corruption Rawalpindi has registered a case against seven persons, including the owners of Blue World City Housing Society and the director of Rawalpindi Development Authority (RDA), for forgery, possession and sale of government land and causing billions of rupees to the exchequer. https://www.youtube.com/watch?v=MxdID09JZdM Earlier, Chairman National Accountability Bureau (NAB)...
Islamabad, a beautiful capital of Pakistan, along with Rawalpindi, a fourth largest city of Pakistan gives some exciting investment opportunities in the Property and Real Estate sector. Twin cities of Rawalpindi & Islamabad is surrounded with beautiful scenes and places. Head offices of many NMCs, Banks, along with Govt ministries are located here. It now has new Airport and longest route of...
Rawalpindi Development Authority (RDA) approved the feasibility study for construction of Metropolis (Metropolitan area) Zone along with New Islamabad Airport was also approved. This was decided at the 49th governing body meeting of Rawalpindi Development Authority (RDA) was held at the Conference Room here on Tuesday. Chairman RDA Tariq Mehmood Murtaza chaired the meeting. The Governing body...
Federal Board of Revenue (FBR) has made significant changes in the taxation of capital gains on disposal of immovable property of Pakistan. Amendment in the Income Tax Ordinance 2002, through the Finance Act 2020, reduces holding period and tax rates on different amounts for computation of capital gains on disposal of immovable property According to a Circular No. 3 issued on September 3, 2020 by...
The Board of Investment (BOI) launched a real estate portal for investors in line with Prime Minister's special interest in Ease of Doing Business in all sectors in Pakistan. The Board of Investment (BOI) has launched a portal for 'investment opportunities in Housing sector in on its website http://invest.gov.pk, with the objectives of facilitating foreign companies to invest in the low-cost housing...
Firstever E-Property Management System launched in Pakistan under Local Govt of KPK. Chief Minister Khyber Pakhtunkhwa Mahmood Khan has formally inaugurated the Electronic Property Management System (EPMS) of Local Government in order to ensure effective and efficient management of the commercial properties of the department and all its subordinate formations including Town Municipal Administrations and...
Investment Quote Sir John...
The Punjab government recently shared the deadline for availing reduced stamp duty on property transfers. As per the government’s notification, the deadline of discount on stamp duty has been set for June 30. Previously, the government had announced a reduction in stamp duty from 5% to 1% that could be availed until the end of this fiscal year. The deadline for that falls on the end of this month. In...
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