Prime Minister Imran Khan chaired the weekly meeting of National Coordinating Committee for Housing, Construction and Development. The Chairman CDA briefed the meeting regarding the construction work in Sector E-11, Islamabad. The meeting was informed that separate rules have been framed for the projects in this sector and the pending projects will be completed soon. It was informed that in all new...
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...
Federal Government has released around one billion rupees for Islamabad Metro Bus extension project from Peshawar Morr to New Islamabad International Airport (IIA). The money has been released under the Public Sector Development Programme (PSDP) 2018-19. The entire project was estimated to cost Rs16.46 billion to build. Until June 2018, planning ministry data shows that Rs6.46 billion have so far...
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