Real Estate News

Government acquires 86% land for Diamer-Bhasha dam

The site of a dam in Pakistan. — Twitter(@AsimSBajwa)

The government has acquired nearly 32,139 acres of land, out of the total 37,419 acres required for the construction of the Diamer-Bhasha dam, it emerged on Friday.

APP, citing sources, reported that almost 86% of the

FBR issue valuation for sale of used cars

ISLAMABAD: Federal Board of Revenue (FBR) on Wednesday issued valuation for used cars for purpose of collecting sales tax.

The FBR issued SRO 93(I)/2020 to amend the Sales Tax Rules, 2006. The FBR issued the rules to implement to the law introduced through the Finance Act, 2020 to deter

FBR issues rules for accountants, jewelers, realtors

KARACHI: Federal Board of Revenue (FBR) on Tuesday issued regulations binding accountants, jewelers, and real estate agents to maintain records of their clients/customers' transactions to ensure compliance with FATF conditions.
The FBR issued the regulations in respect of Designated No

Move to sell extra telecom spectrum for $1bn

ISLAMABAD: Pakistan will this week begin the process of selling unused telecom spectrum in an auction it hopes will raise around $1 billion and enhance network capacity, said three senior government officials familiar with the matter.

The spectrum is in the 1800 and 2100 MHz bands typic

Drive against encroachments: 80 shops demolished in Faisalabad

FAISALABAD: Deputy Commissioner Muhammad Ali and CPO Sohail Chaudhry on Monday visited Kutchehry Bazaar, Jhang Bazaar, other bazaars of Chowk Clock Tower and Gumti Chowk to review the implementation of the anti-encroachment drive.

Assistant Commissioner City Syed Ayub Bukhari and other

Chairman CPEC urges investors to finance Faisalabad’s Medical City

Chairman China Pakistan Economic Corridor (CPEC) Authority Lt Gen (retd) Asim Saleem Bajwa has urged investors to finance the newly established medical equipment manufacturing zone set up in Faisalabad.

“CPEC Authority urges new investors to our Industrial development, wel

FBR links time extension for tax amnesty payment with legal change

KARACHI: The Federal Board of Revenue (FBR) has ruled out a time extension in payment under the tax amnesty scheme announced last year, citing a need of legal change for any such concession, sources said on Saturday.

The sources said earlier this month notices for concealment of assets

Real-estate projects in Karachi to carry QR codes to identify illegal constructions

KARACHI: Under-construction residential and commercial buildings in Karachi will now display a board carrying a Quick Response (QR) code, enabling the citizens concerned to quickly determine the legal status of upcoming projects in the city using their smartphones.

Sindh Chief Minister

CDA restrained from allotment of official houses

ISLAMABAD: The Islamabad High Court (IHC) has stopped the Capital Development Authority (CDA) from allotting official accommodation without following the rules and the general waiting list (GWL).

The court issued the direction during the hearing of a petition filed by five paramedical s

Provision of land for Naya Pakistan Housing Programme: Punjab Board of Revenue issues stern warning to ACE chief

ISLAMABAD: The Board of Revenue (BoR) Punjab has formally told the director-general of the provincial Anti-Corruption Establishment (ACE) to desist from illegally proposing the availability of land for the Naya Pakistan Housing Programme, a step which can invoke disciplinary action.

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Banks to share customers’ real-time data with FBR

ISLAMABAD: The Federal Board of Revenue (FBR) and Pakistan Banking Association (PBA) have finalized modalities for sharing the depositors’ data.

The FBR on Thursday claimed officially that this long-awaited issue had been resolved. An official statement said the FBR and Pa

Monal Restaurant built on CDA land, authority’s report finds

ISLAMABAD: The Capital Development Authority (CDA) has stated that Monal Restaurant, a popular eatery in the protected Margalla Hills National Park, is built on its land.

In response to a query by the Kohsar police, CDA’s revenue directorate carried out demarcation that has confir

CDA fetches Rs27b from sale of 16 commercial plots

Islamabad: The Capital Development Authority (CDA) received record bids amounting to Rs27 billion during the three-day auction of 16 commercial plots that concluded here at Jinnah Convention Centre on Wednesday.

The authority followed up earning Rs19 billion on the first two day

CDA fetches Rs15.5 billion from auction of nine plots

Islamabad : Capital Development Authority (CDA) received an even more enthusiastic response from investors on the second day of the auction of commercial plots.
On the second day, CDA received bids against nine plots amounting to Rs15.5 billion, spokesman for CDA said.

On the fir

PM approved upgrade plan of Karachi-Quetta road: Asim Bajwa

Web Desk On Sep 23, 2020
pm imran khan cpec authority asim saleem bajwa karachi-quetta road upgrade
ISLAMABAD: The China-Pakistan Economic Corridor (CPEC) Authority has started preparations for conducting feasibility study ahead of upgrading Karachi-Quetta Chaman Road to expressway,