The Competition Commission of Pakistan (CCP) has termed the Federal Board of Revenue's tax policy for real estate sector as unfair and recommended formulation of tax policy in consultation with the stakeholders to maximise its effectiveness and assist in widening the tax net. According to the CCP opinion on real estate sector issued Monday, the tax policies of the government are 'unfair'. The...
A high-level meeting was held at Punjab House, Islamabad under the chair of Punjab Chief Minister Sardar Usman Buzdar to review different matters pertaining to Lai expressway project on Friday. The Chief Minister was given briefing and detailed discussion was held about different aspects of the project. Usman Buzdar issued directions to line departments. Addressing the meeting, the Chief Minister...
The prices of the housing units under Naya Pakistan Housing Scheme have been fixed. Media reports said that the rates of the houses have been fixed. Under the scheme, a 3-marla house will be priced at Rs 16.5-17.5 lac while a 5-marla house will be available at Rs 21-23 lac. These homes prices would be paid with some down payment and rest of the amount will be on installments. Govt...
Federal Govt plan to make the Karachi's Green Line project the world’s first zero emission public transit project, so no use of diesel or petrol to power the buses, but using biogas (is a mixture of different gases produced by processing organic matter, and can be produced from raw materials like agricultural waste, manure, municipal waste, plant material, sewage, green waste or food waste). There...
Malik Riaz, in his recent statement on social media, promised to secure his investors’ hard earned money which is invested in his Bahria Town projects. He also promised to deliver such projects brilliant projects in future too. Malik Riaz and Bahria Town is expected settle its cases in near future which would definitely bring sigh of relief among Bahria’s...
Today, Malik Riaz offered to pay Rs358 billion for the legalisation of Bahria Town Karachi. But the Supreme Court of Pakistan termed it “unsatisfactory”. The Supreme Court bench asked Bahria Town to reconsider near to estimated Rs600 billion. Three-judge implementation bench, headed by Justice Sheikh Azmat Saeed hearing the case formed after the court had discarded review petitions filed against...
The Supreme Court on Tuesday directed city authorities to demolish unlawful constructions across Karachi. The Supreme Court Karachi Registry on Tuesday ordered that the city be restored to how it was 40 years ago and directed authorities to demolish unlawful constructions. The bench also sought details of wedding halls, shopping malls and plazas constructed in the city in the last 30 to 40 years...
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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