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...
FGEHA launches Apartment Project in collaboration with PHAF at Fed. Govt. Servants Colony Quetta on First Come First Serve basis for Fed. Government Employees (20%), Provincial Employees (Balochistan Govt. 40%) and General Public (40%). Apply Online by filling Registration Form and deposit Rs.5,000 (Non-Refundable) in Cash/PO/DD in Any Branch of MCB Bank Limited across Pakistan. MCB Account No:...
Pakistani ambassador to Germany, Dr Mohammad Faisal, said on Tuesday he had met Dieter Mettke from the multinational IKEA conglomerate who was en route to Pakistan to start IKEA operations there. “Met Dieter Mettke @IKEA_Deutchland. He is going to #Pakistan to be Incharge of #ikea operations,” Ambassador Faisal said on Twitter. “We look forward to #ikea opening up stores in major cities of...
A smart city is an urban area that uses multiple latest available options of efficient & fast network system, apart from other modern facilities like education, health & sports facilities, modern security system, as well as their own water & sewage treatment plants. The Smart City housing concept integrates various systems with the help of latest concepts of “Information &...
The Prime Minister’s incentive scheme for builders & developers of Pakistan is now picking-up showing signs of success and a great amount of interest by the construction industry. According to the released information by the Federal Board of Revenue, till 19th October 2020, a total of 127 projects have been registered with a total projected cost of Rs. 63 billion. In addition, a total of 108...
Builders and developers can save around six times on taxes if they register under the Prime Minister Imran Khan's construction package as it has a fixed regime. “This saving on tax will add up to whatever profit you make,” explained the FBR’s Abdul Hafeez while addressing them at a seminar on the ‘PM’s Package on Naya Pakistan Housing Scheme’ at the Association of Builders and Developers...
Cement sector sales up 30pc in June 2020 in Pakistan Domestic uptake increases 19.6pc to 3.83m tonnes in June 2020, while exports surge 123pc to 0.78m tonnes Overall cement consumption in FY20 inched up 2pc to 47.81m tonnes, mainly on the back of 19.8pc growth in exports Pakistan’s cement industry during the FY19-20 (July 2019-June 2020) recorded a rise of two per cent to 47.81Mt in total cement...
Real Estate & Stock Market future in Pakistan by Finance Minister, Asad Umar https://youtu.be/zm_rP5fsshU Amnesty Scheme before Benami Act come into force by Asad Umar https://youtu.be/kiI0XLqNj9E Naya Pakistan Housing Scheme in Karachi & contract with ABAD https://youtu.be/mAs52kNAh4c Pakistan's deal IMF and current situation of Interest rate and Currency Exchange...
Prime Minister Imran Khan will perform ground-breaking ceremony of two major housing projects in Islamabad and Quetta (Balochistan) during this month. PM was informed that 110,000 units would be constructed in Quetta and Gwadar The Prime Minister expressed satisfaction over the steady progress being made in the Naya Pakistan Housing Program and the huge interest being evinced by the international...
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