Federal Board of Revenue (FBR) has made significant changes in the taxation of capital gains on disposal of immovable property of Pakistan. Amendment in the Income Tax Ordinance 2002, through the Finance Act 2020, reduces holding period and tax rates on different amounts for computation of capital gains on disposal of immovable property According to a Circular No. 3 issued on September 3, 2020 by...
The Federal & Punjab governments signed a memorandum of understanding (MoU) with the China Civil Engineering Construction Company (CCECC), to begin the feasibility study of the Rawalpindi-Islamabad Circular Railway project. The MoU was signed by Capital Development Authority (CDA) Member Planning Dr Shahid Mehmood on behalf of the federal government, Rawalpindi Development Authority (RDA) Chief...
Tips to check some basics before buying a plot in any housing society within...
ECNEC has approved the Main Line-1 (ML-1) project, the largest railway project in the history of Pakistan. The project was delayed from 2016 to 2018, and during this time, apart from difficulties in arranging financial arrangements for the project, approval from MOPDR, CDWP, ECNEC could not be obtained. ایکنک نے مین لائن ون (ایم ایل ون) منصوبے کی منظوری دے دی...
Present Provincial Govt of KPK successfully resolved the long disputed land issue between the state and Kooki Khel tribe (& allies) in Zone-1 of Regi Model Town Peshawar. This land issue is long disputed since 1990s. An international level sports stadium (over 350+ kanals) is being assessed for people of Peshawar. This 350 kanal Land in Regi Model Town handed over by PDA to Directorate of Sports for...
The construction of China-Pakistan Economic Corridor (CPEC) and special economic zones is a catalyst for Pakistan’s industrialization. CPEC is promoting the transfer of China’s manufacturing industry to Pakistan and pushing Pakistan’s development onto a fast track. So far, remarkable success has been achieved in the CPEC development. The construction of corridor projects is progressing well. In the...
Chief Minister Punjab visited Rawalpindi to inspect progress of Lai Expressway & Nullah Lai cleaning drive. وزیر اعلی پنجاب کا روالپنڈی میں مجوزہ " " کےعلاقےکا دورہ یہ پراجیکٹ کٹاریاں پل سے براستہ عمار چوک 16 کلو میٹر اور 4 انٹرچنیجز اور واٹر ٹریٹمنٹ پلانٹ پر مشتمل ہو گا جس...
Lahore Ring Road Authority has issued an explanatory statement regarding Southern Loop 3 لاہور رنگ روڈ اتھارٹی نے جنوبی لوپ 3 کے حوالے سے وضاحتی بیان جاری کیا ہے سدرن لوپ 3 کے لئے حصول اراضی کا نوٹیفکیشن 2008 میں ہوا۔ اس کا قبضہ کاروائی بابت 3105 کنال 2016 کو فنڈز کی...
Chief Minister KP has been given a briefing on all the matters related to the accomplishment of BRT Peshawar project. KP government informed the apex court earlier in February that the project would be completed by the end of the July. https://www.youtube.com/watch?v=-jX2guy4HGw The Peshawar BRT is the first 3rd generation BRT project in Pakistan with 8 off corridor routes covering the length &...
The Balloting Committee of the Capital Development Authority (CDA), Islamabad, will be holding a computerized balloting for allotment of alternative plots in lieu of plots which were deleted on account of revision of layout plan or double allotted in Sectors I-12 and I-14. Initially, the Computerized balloting was planned to be carried out on Monday, July 20, 2020 by NADRA. But, now it is decided...
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