The real estate sector is among the most influential industries in Pakistan. Moreover, this sector significantly contributes to the GDP because it is the country's top-most taxed industry. It is one of the nation's most efficient and massively invested sectors. The importance of real estate can also be seen in the recent budget, which introduced several taxes on buying and...
The Prime Minister announced that China and Pakistan will soon sign the China-Pakistan Economic Corridor (CPEC) Phase 2 agreement. This upcoming phase will focus on the establishment of economic zones across the country to boost economic activities, along with initiating the construction of the ML-I Railway Project. According to the Prime Minister, this advancement in the CPEC...
Recently, the Capital Development Authority (CDA) declared the roll-out of new taxation measures for property holdings in Islamabad. According to an official release from the authority, proprietors of 140-square-foot lands situated within different zones and residential developments, including Shehzad Town, Margala Town, and Rawal Town, are now required to fulfill a tax...
The Capital Development Authority attracted attention as many officials in various departments began to be investigated by the Establishment Division, suspected of being involved in scandals related to the allocation of land plots. The establishment department is leading the investigation of SIDRA Anwar. In addition, the 18th grade officer of the Pakistan Administrative...
Negotiations between Pakistan and the IMF on a $3 billion standby agreement by March 18, 2024, are expected to be signed. However, the IMF has requested that Pakistan introduce a capital gains tax (CGT) on investments in cryptocurrency and real estate as a condition of the agreement. As per the local media reports, the IMF recommended imposing taxes on new financial...
As per the news sources, petrol prices will decrease on March 16. The newly formed federal government plans to adjust Pakistan's gasoline and diesel rates. Starting in the second half of March 2024, a new oil rate will be released on March 15th. There is a rumor that the government will lower the price of RS's gasoline. 5 per liter, diesel by Rs. 4.81. The new rate starts...
The construction of Pakistan's largest IT park in Islamabad has received the green light from the Capital Development Authority (CDA), signifying an essential development in the technological progression of the city. Located in the G-10 Sector, this ambitious project occupies an extensive area of 3.3 acres and aims to revolutionize the IT sector in Islamabad. With a vast...
As per the news reports, China has provided $2 billion in loans to Pakistan. However, China has agreed to extend the term of the $2 billion loan in line with current domestic conditions. According to the unofficial indication from China, the loan repayment schedule will be extended. Moreover, the loan will now be delayed pending official confirmation from the Finance...
The Chairman of Punjab's Planning & Development Board (P&D), Iftikhar Ali Sahoo, recently visited the Punjab Central Business District Development Authority (PCBDDA). The objective of this visit was to chair a meeting focused on the region's growth and development. The meeting's agenda was to hold productive dialogues regarding ongoing and potential future projects, the...
According to the latest update, the Punjab PDWP has approved six development schemes and projects for various districts of Punjab. As per the most recent update, six development proposals, including emergency services, sports, roads and bridges, and irrigation sectors, are listed and have been approved by the P&D (Planning and Development Committee). Read More:...
