The Punjab government has imposed 16% sales tax on commercial property rent from July 1, 2025 under the Punjab Finance Act 2025. This tax will be applicable on all “fixed fee invoices” relating to the rent of immovable commercial property. Only residential houses rented out for personal residence are exempted from this tax. M. Tanveer, patron-in-chief of the United Business Group (UBG), has...
After Canal Road and Jail Road, Ferozepur Road will also become a signal free corridor decided by Lahore Development Authority. The LDA has designed a protected U-turn on Qainchi & at the Walton stops. PHA has issued the NOC, in this regard. Under the plan, a new road and a new U-turn will be built. For which Burlab Road land on Ferozepur Road will be acquired. For the project, LDA has...
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