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CDA approved Rs49b budget for different projects for Islamabad

Capital Development Authority (CDA) has approved landmark development budget for Islamabad, estimates with total outlay of Rs49 billion with surplus of Rs10 billion rupees for the financial year 2020-2021. Out of Rs49 billion receipts, the CDA is expected to receive Rs5,843.288 million from the Government’s Public Sector Development Programme (PSDP) and Rs2,601.44 from the Federal Government as a...

Balloting of LifeStyle Residency in Sector G-13 flats held

The first balloting of the lifestyle residency project in Sector G-13 of Islamabad was held last week. The balloting was held in the committee room of the Federal Government Employees Housing Authority (FGEHA) headquarters in Islamabad. The ceremony was presided over by the FGEHA Director-General and EHFPRO chairman Waseem Bajwa and was attended by the EHFPRO chief executive, board members, and...

CDA starts development work in Park Enclave II

Capital Development Authority announced to begun the process to start development in Park Enclave II, Islamabad. After nearing completion of development works in Park Enclave-I, Capital Development Authority (CDA) is all set to launch development activities in Park Enclave-II. CDA said that bids for the project have been invited from firms registered with the Pakistan Engineering Council in category...

E-property management system in KPK launched

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...

اسٹامپ ڈیوٹی میں کمی کے علاوہ پنجاب حکومت کی تعمیراتی شعبہ کے لئے بجٹ میں دیگر مراعات

پنجاب حکومت نے پراپرٹی سیکٹر کے لئے دیگر مراعات کے ساتھ اسٹامپ ڈیوٹی میں بھی کمی کردی۔ وزیر خزانہ مخدوم ہاشم جوان بخش نے پیر کو پنجاب اسمبلی میں اگلے مالی سال کے لئے صوبائی بجٹ کی تجویز پیش کی۔ اسمبلی اجلاس میں بجٹ تقریر کے...

Stamp Duty reduced by Punjab Govt along with other incentives for Construction sector

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 reduces CGT & Tax rate on immovable property in the Budget FY 2020-21

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،...

Stamp duty discounts ends on 30 June & FBR evaluation property rates for FY 2020-21

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...

CDA submits PC-1 of six development projects of Islamabad

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...

CDA prepared modalities for Metro Bus operation from Peshawar Morr to New Islamabad Airport

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...

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