Punjab Govt reduced the stamp duty alongwith other incentives for the Property sector. Punjab Finance Minister Makhdoom Hashim Jawan Bakhat on Monday presented the provincial budget proposal for the FY 2020-21 in the Punjab Assembly. During the budget speech in the assembly session, he said on Monday that it has been proposed in the next FY budget to bring down Stamp Duty ratio from five to...
FBR, on Imran Khan’s strive to stimulate the economy, reduced holding period and tax rates for Capital Gain on immoveable property throughout Pakistan. ایف بی آر نے حکومت کے تازہ بجٹ میں غیر منقولہ جائیداد پرسی جی ٹی کی شرح کم کردی ایف بی آر نے، عمران خان کی معیشت کو متحرک کرنے کی جدوجہد میں،...
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...
Capital Development Authority (CDA) submitted PC-Is of six mega projects for Islamabad, including 5 interchanges, to Ministry of Interior (MoI). The PC-I been finalised on instructions of the government to facilitate residents of Islamabad. In this connection, on directions of the federal government, December last year, CDA management directed the Planning and Engineering Wing to prepare...
Capital Development Authority (CDA) prepared a model for operationalistion of Metro Bus Service from Peshawar Morr to New Islamabad Airport. A meeting in this regard was held in the office of Special Assistant to Prime Minister on CDA where modalities of this model were discussed, , says a press release. The model of the metro bus service includes Fleet acquisition, IT, Security Surveillance and AFC...
CDWP approved ML1 project & recommended to ECNEC with cost 7.2 Bn USD in Phase 2 of CPEC سی ڈی ڈبلیو پی نے ایم ایل ون منصوبے کی منظوری دے دی سی ڈی ڈبلیو پی نے 7.20 ارب ڈالر کے ایم ایل ون منصوبے کی منظوری دیدی: عاصم سلیم باجوہ اب پاکستان میں بھی 350 کلومیٹر فی گھنٹہ کی...
Rawalpindi Development Authority issued notices to the owners of five illegal housing societies. Rawalpindi Development Authority (RDA) under Section Punjab Private Housing Scheme and Land Subdivision Rules 2010 has issued notices to the owners of five illegal housing schemes, to stop illegal advertisements and development work. He added the RDA has also obtained demolition orders besides filing...
Capital Development Authority (CDA) has started process for initiating development works in sector E-12/2 and E-12/3 of Islamabad. Tenders for development works of both sub-sectors have been invited through national newspapers. Development work in Sector E-12 has been stalled for more than three decades. Incumbent management not only removed all hurdles but also started construction of service road....
حکومت کا اسلام آباد میں واقع فارم ہاؤسز پر ٹیکس لگانےکا فیصلہ According to details, there shall be a luxury tax levied on properties belonging to different categories within Islamabad Territory. The Federal Govt is considering imposing a luxury tax on houses located within the limits of Islamabad Capital Territory (ICT) under the next fiscal year budget...
The Senate was informed about the recently signed agreement with China for ML-1, that it will be upgraded from Peshawar to Karachi under China-Pakistan Economic Corridor (CPEC) Project. The ML-1 project will be completed in the next five years. A 1,872km-long track from Peshawar to Karachi will be laid out in addition to the existing one – turning it into a double track route– at a cost of $8.2...
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