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Pakistan to see its first set of developmental REITs


Karachi: Pakistan is set to see the launch of its first set of developmental Real Estate Investment Trusts (REIT) as the country’s push in construction and housing sectors coupled with more favourable regulation and tax laws start to pay dividends.

Arif Habib Dolmen REIT M

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  • Date :

    July 2, 2021

  • Author Name :

    Brecorder

US to send 2.5m doses of Moderna coronavirus vaccine to Pakistan

Biden administration to send COVID-19 vaccines to Peru and Pakistan

White House press secretary Jen Psaki says Biden administration shipping 2 million doses of Pfizer COVID-19 vaccine to Peru, 2.5 million doses of Moderna vaccine to Pakistan
This month White House laid out the pl

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  • Date :

    June 29, 2021

  • Author Name :

    Geo

Pakistan to move out of FATF grey list: Qureshi

Foreign Minister Shah Mahmood Qureshi addresses a press conference in Multan on Sunday. — PID
MULTAN: Foreign Minister Shah Mehmood Qureshi hopes that Pakistan will soon move out of the grey list of the Financial Action Task Force (FATF).

“We are moving forward accord

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  • Date :

    June 28, 2021

  • Author Name :

    Dawn

FBR rules out tax amnesty scheme for the construction sector

ISLAMABAD: The Federal Board of Revenue (FBR) has ruled out the possibility of any fresh Tax Amnesty Scheme for contractors to boost the construction sector, stating that the FBR could not forgo revenue collection of Rs 200 billion on an annual basis.

During the proceedings of the Senat

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  • Date :

    June 24, 2021

  • Author Name :

    The News

Pakistan to receive 13m Pfizer vaccines



Pakistan on Monday signed an agreement with Pfizer Pakistan under which it would receive 13 million doses of the American vaccine. — AFP/File
ISLAMABAD: Pakistan on Monday signed an agreement with Pfizer Pakistan under which it would receive 13 million doses of the Am

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  • Date :

    June 22, 2021

  • Author Name :

    Dawn

Lahore water level stops declining first time in history

LAHORE: For the first time in the history of Lahore, Water and Sanitation Agency (Wasa) has managed to stop the depletion of the underground water aquifer by taking effective measures to stop the unnecessary use of groundwater.

Since 1960, underground water was depleting by one metre pe

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  • Date :

    June 22, 2021

  • Author Name :

    The News

100 acres of pilot Chilli project under Pak-China alliance completed


A pilot Chilli farm project under the Pakistan China Condiments Industry Alliance (PCCIA) successfully completed 100 acres of plantation, China-Pakistan Economic Corridor (CPEC) Chairman Asim Saleem Bajwa said on Sunday.

The chilli contract farming project was launched with the

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  • Date :

    June 21, 2021

  • Author Name :

    Tribune

SEZs exempted from minimum turnover tax

ISLAMABAD: The Federal Government has exempted Special Economic Zones (SEZs) from minimum turnover tax as Chinese and other investors expressed reservations saying that when SEZs are exempted from all taxes then why is this tax still applicable, official sources told Business Recorder.

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  • Date :

    June 21, 2021

  • Author Name :

    Brecorder

Budget scare for digital economy?


The golden goose shall never rest easy. Fresh off a postponed spectrum auction, the country’s telecom sector has been jolted by the federal budget. The FY22 Finance Bill initially proposed additional duties on mobile phone calls (Rs1 per call if the duration exceeds 3 minutes), Inte

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  • Date :

    June 18, 2021

  • Author Name :

    Brecorder

Plot owners to have specific numbers of plants to increase greenery in Islamabad

Islamabad: In order to enhance the greenery and beauty of Islamabad, the Capital Development Authority (CDA) management has passed the law which will require every plot owner irrespective of size and usage to have specific types and numbers of pants.

The law will be implemented on exist

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  • Date :

    June 18, 2021

  • Author Name :

    The News

Coronavirus updates: Essential information for Pakistan

Coronavirus updates: Essential information for Pakistan
The positivity rate is 2.4%


Number of confirmed cases as of 12:00pm, Wednesday, June 16, 2021
Pakistan: 944,065 (1,038 new)
Islamabad: 82,207
Punjab: 344,379
Sindh: 329,279
Khyber P

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  • Date :

    June 16, 2021

  • Author Name :

    Samaa

Violence follows anti encroachment action at Aladin Park

KARACHI: Over one dozen protesters were released after a brief detention following a clash between the police and shopkeepers during the anti-encroachment drive at the Aladin’s shopping mall on the directives of the apex court.

As the heavy machinery reached the Aladin shopping ma

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  • Date :

    June 16, 2021

  • Author Name :

    The News

‘A total growth-oriented budget’ to help uplift poorest: Shaukat Tarin


ISLAMABAD - Federal Minister for Finance and Revenue Shaukat Tarin said Saturday that Prime Minister and members of his cabinet have opposed the proposal of imposing Federal Excise Duty (FED) on calls, SMS messages and internet data usage.

“Prime Minister Imran Khan and th

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  • Date :

    June 13, 2021

  • Author Name :

    The Nation

Pakistani, Indian exporters agree to share Basmati rice ownership


KARACHI/NEW DELHI:
Although long-time rivals India and Pakistan are already locked in a slew of land and sea disputes, exporters from both sides have agreed to share ownership of the region's prized Basmati rice, the best solution to the issue to reach the EU markets.

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  • Date :

    June 13, 2021

  • Author Name :

    Tribune

Budget 2021-22: Govt proposes tax cut to bring down car prices.

The Pakistan Tehreek-e-Insaf (PTI) government is all set to unveil the federal budget 2021-22 in the National Assembly today (Friday).

Well-placed sources told ARY News that the federal government has proposed to cut tax and duties on small cars in the budget for the fiscal year 2021-22

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  • Date :

    June 12, 2021

  • Author Name :

    ARY News

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