Islamabad

CDA declares 99 housing societies of Islamabad illegal, decides to put names owners on...

The Federal Board of Revenue (FBR) has placed hundreds of services into General Sales Tax (GST) in the Islamabad Capital Territory at the rate of 5 and 15 percent, reported in daily The News. For construction services 15pc tax will be charged, excluding: (i) construction projects (industrial and commercial) of the value (excluding actual and documented cost of land) not exceeding Rs50 million per...

"The Federal government on Sunday proposed a Rs36 billion mini-budget and eased restrictions on major purchases by individuals with insufficient declared assets." Shahbaz Rana of Express Tribune Reported. The revised criteria aim to address public concerns about the negative impact of the earlier blanket ban on economic activity by ineligible persons. With the introduction of a mini-budget before the...

The rates of the Capital Gains Tax (CGT) and Withholding Tax on immovable properties would be rationalized in the upcoming budget (2025-26) to facilitate buyers and sellers of real estate sector from July 1 2025, sources told daily Business Recorder. The rates of withholding tax would be reduced on the import of raw materials/inputs in federal budget (2025-26). The rates of withholding taxes would also...

The Capital Development Authority (CDA) will set up a dedicated building and housing control agency in Islamabad to address property-related complaints. The decision was taken in the seventh meeting of the CDA board chaired by Chairman Muhammad Ali Randhawa on Tuesday. To protect public investment, the board decided to publish the names of illegal housing societies on the CDA website and through media...

Over 200 kanal land of a cooperative housing society was illegally transferred to property tycoon Malik Riaz’s Bahria Town Lahore, the National Accountability Bureau (NAB) said, Daily Dawn Reported. NAB conducted an inquiry against officials of the Official Employees Cooperative Housing Society Ltd, revenue department and Bahria Town Lahore over the illegal transfer of the land. “The inquiry...

Work on Duduchha Dam site, near DHA Valley (DHA Phase 7) & DHA Phase 6, is going on with great enthusiasm. The right-of-way in the dam has been almost cleared so that there is no difference in the speed of work. A total of 16,194 kanals and 14 marlas of land were acquired in Rawalpindi and Kallar Sidan for the construction of this dam located 25 kilometers from...

Around 20 Capital Development Authority (CDA) Islamabad officers found involved in money laundering. FIA asked CDA management to investigate through their own resources about their...

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...

CDA officials said once Margalla Avenue is completed, traffic load on Srinagar Highway will also reduce. Once completed, the road will be a direct link for traffic to and for GT Road via Margalla Avenue. There would be an interchange on the GT road and it will connect directly to the motorway. CDA Chairman retired Capt Mohammad Usman took special interest in completing Margallah Avenue and other...