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...
by Admin
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...
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...
Rawalpindi Development Authority (RDA) has planned an aerotropolis in the city alonside Rawalpindi Ring Road and around Islamabad Airport, Chairman RDA Tariq Murtaza has confirmed. Chairman RDA said that the development work on the economic zones will be started as soon as possible. He said famous aerotropolis of special economic zones are mining, oil refinery, petroleum, engineering, IT Park, and...
The Federal cabinet has directed the interior and communication ministries to devise a plan to operationalise Islamabad Metro bus service on priority basis, Pakistan Today reported. Prime Minister Imran Khan has taken serious notice of the delay in the operationalisation of the project and directed to take measures to start the service to provide smooth bus ride to passengers, sources informed, adding,...
The Capital Development Authority (CDA) has decided to take action against the illegal housing societies which are looting the citizens. In the first phase, showcase notices are being served on illegal housing societies and then they are being sealed in the next phase. CDA has issued the list of illegal housing societies at its website to guide the citizens. However the process of taking action...
The National Highways Authority (NHA) Executive Board has reviewed its earlier decision and approved three mega road projects including Hyderabad-Sukkur Motorway (M-6), a critical component of the China-Pakistan Economic Corridor (CPEC) on Public Private Partnership (PPP) mode with an upfront government support in the form of Viability Gap Funding (VGF), Business Recorder informed. For this purpose,...
After a successful trial run of the entire track, the Karachi Circular Railway (KCR) will reportedly commence operations from today. Karachi Circular Railway (KCR) inner-city train service, which was discontinued in 1999, restored its operation on November 19, 2020 Local mainstream media reported that the train traversed successfully from Karachi City Station to Orangi Station, prompting the...
Pre-bid conference of contractors for low cost Naya Pakistan Apartments in LDA City will be held on Feb 8, 2021 at LDA Engineering Wing office Johar Town. Tenders for the first phase of 35,000 apartments under New Pakistan Housing in Lahore were issued on January...
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