Real Estate News

Cement, steel prices rise once again

Higher global prices for coal, steel scrap drives local price hike

A persistent hike in steel and cement prices has continued to nullify the incentives offered by Prime Minister Imran Khan under a fixed tax regime for the construction industry.

Cement prices in the nor

Pakistan eyes to boost its economy through CPEC 2nd phase: Bajwa

The China Pakistan Economic Corridor (CPEC), the flagship project of China’s ambitious Belt and Road Initiative will boost Pakistan’s economy by enhancing its industrial and agriculture output, said Chairman CPEC Authority Asim Saleem Bajwa.

Talking to the Chinese me

FBR extend deadlines under Prime Minister’s Construction package

The last date for builders and developers who want to avail of a fixed tax regime has been extended from 31st December 2020 to 31st December 2021.

The Federal Board of Revenue has issued a clarification regarding the extension in Prime Minister’s Construction package.

Construction amnesty renewal

Construction amnesty renewal

One lucky break the government got in reviving the economy due to covid-19 is getting permission from the IMF on introducing a construction amnesty scheme and fixed tax regime (FTR). The scheme was supposed to expire yesterday. But the builders and developer

Construction industry: No extension in amnesty scheme deadline: Dr Waqar

ISLAMABAD: Special Assistant to the Prime Minister on Revenue, Dr. Waqar Masood Khan has said that the government is not considering any proposal on the extension in the amnesty scheme announced for the construction industry beyond the deadline of December 31, 2020.

Responding t

Properties, vehicles: FBR issues e-notices to over 0.2m taxpayers

ISLAMABAD: The Federal Board of Revenue (FBR) Tuesday issued computerized notices to over 0.2 million taxpayers for verification of movable or immovable properties/vehicles, also including undeclared or underreported immovable properties.

Top FBR officials told Business Recorder here on

IHC seeks CDA comments against demolition of houses

ISLAMABAD: The Islamabad High Court (IHC) Tuesday rejected a request seeking to stop the demolition of houses in village Bhekan Syedan and sought comments from the CDA against the petition.
Chief Justice Athar Minallah conducted the hearing on a petition, filed by the residents of Bhekan S

Construction credit off-take takes off

The construction amnesty scheme seems to be on the right track—for what it intended to do—ramp up construction which will immediately provide impetus to employment and manufacturing activity. That it is responding to the government plans is visible from not only cement and long steel

SBP announces Naya Pakistan housing scheme's subsidy markup rates

The logo of the State Bank of Pakistan (SBP). — SBP/Files

KARACHI: The State Bank of Pakistan (SBP) has announced three different categories of markup subsidy rates for affordable housing finance with a maximum tenure of payment extended to 20 years.

"This facility

Govt announces new Electric Vehicle policy for four wheelers

The Federal Cabinet on Tuesday approved the new  Electric Vehicle (EV) policy for four wheelers.

According to a report by Geo News, the new policy stipulates rules for electric-run four-wheelers along the lines of import and export, taxation, registration, and cust

‘Tis the time to adapt

The Covid-19 pandemic has changed and continues to change how people live, work, travel, shop, interact and more. While some changes would be temporary till the time the pandemic is over, there is a reason to believe that some of the changes in consumer behaviour will stick permanently.

More Details

Blending domestic and LNG price

The ongoing LNG debate, especially the one aired as a “great” debate, seems to have served the very purpose most TV debates in Pakistan do. Further polarization, with arguments going to the backdrop. Most important of the few valid points raised in the debate was the treatment of LNG

Peshawar-based fake online investment company stole Rs 5.6b from victims

In one of the biggest recent cases of online fraud, an online investment company has defrauded more than 100,000 Khyber Pakhtunkhwa residents of Rs. 5.6 billion.

According to a report by Arab News, PSlash (the fraudulent company in question) had set up an office in Deans Trade C

ICCI hails IHC decision to annul 200 percent hike in property tax

He said that the business community of the federal capital was thankful to the IHC for providing them justice by annulling an unjustified move of MCI.

ISLAMABAD: Sardar Yasir Ilyas Khan, President, Islamabad Chamber of Commerce and Industry (ICCI) said that the business community on Thu

Construction costs concerns

Builders were very happy a few months ago when the government announced a construction amnesty that meant a relaxed tax regime and waivers for new housing and construction projects. They are not too happy today. Hasan Bakhshi from the Association of Builders and Developers (ABAD) claims prices fo