Real Estate News

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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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

Pakistan's budget focuses on CPEC, SDGs for economic development, employment, poverty reduction

The government of Pakistan here on Friday proposed its financial budget for the next fiscal year with plans to focus on the China-Pakistan Economic Corridor (CPEC) and sustainable development goals (SDGs) for the country's economic development, creation of employment opportunities and poverty

REIT rules amended to introduce P3 model

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) on Tuesday notified major amendments to the Real Estate Investment Trusts (REIT) regulations with the aim of allowing infrastructure development.

A major change made in REIT regulations is the introduc

The federal govt lowers sales tax on petroleum products

ISLAMABAD: Federal government on Wednesday notified lowering sales tax on petroleum products, ARY NEWS reported.

According to a notification issued today, the sales tax on Kerosene oil was lowered to 10.07 against the previously charged tax of 15.44 percent. The sales tax on light diese

SBP plans clean loan scheme for cottage industry

LAHORE: The State Bank of Pakistan (SBP) has planned a clean loan scheme for cottage industry for up to Rs10 million financing, the governor said and suggested a likely resumption in concessionary loans for machinery imports.

SBP Governor Reza Baqir said the scheme will finance

Export promotion scheme: FBR for allowing 30pc local sales

ISLAMABAD: The Federal Board of Revenue (FBR) has proposed to allow local sales of 30 percent of the finished products required to be exported after procuring duties and taxes free inputs under the unified export promotion scheme. Small and medium exporters told Business Recorder that the

PM Imran Khan warns of worsening water crisis in Pakistan

Prime Minister Imran Khan said Saturday a water crisis is in store for Pakistan and lamented that the provinces were already blaming each other for water theft.

The prime minister made the statement during the World Environment Day event that Pakistan hosted in partnership with

The first passport office opens a gate in Miran Shah

PESHAWAR: Minister for Interior Sheikh Rasheed Ahmed on Saturday inaugurated a first-ever passport office in the Miran Shah town of North Waziristan district to facilitate people for the facility.

Addressing the inauguration ceremony, the minister said the government has paid sp

The first passport office opens a gate in Miran Shah

PESHAWAR: Minister for Interior Sheikh Rasheed Ahmed on Saturday inaugurated a first-ever passport office in the Miran Shah town of North Waziristan district to facilitate people for the facility.

Addressing the inauguration ceremony, the minister said the government has paid sp

Pakistan’s fight to reverse climate change gains recognition

Pakistan is all set to host the World Environment Day celebrations this year on Saturday, the first time in history in partnership with UN Environment Program (UNEP). 

Experts view this as recognition of the country’s much-publicized battle against the simmering clima

PTI government blames IMF for high inflation

ISLAMABAD:
Finance Minister Shaukat Tarin on Thursday claimed that the International Monetary Fund (IMF) forced Pakistan to increase interest rates and electricity prices that doubled the cost of debt servicing and pushed inflation upward.

In a rejoinder to PML-N’s

WB to provide $300mn for housing sector in Pakistan

ISLAMABAD: Federal Minister for Finance and Revenue, Shaukat Tarin, chaired a meeting at the finance division in Islamabad to discuss matters related housing sector.

Chairman Naya Pakistan Housing and Development Authority Lt. General (Retd) Anwar Ali and Country Director World

SBP extends banks/DFIs investment limit for REITs

KARACHI: The State Bank of Pakistan (SBP) on Wednesday announced further relaxation to banks and development finance institutions to increase investment in real estate investment trusts (REITs) to boost the housing and construction sector.

SBP amended its capital adequacy regulations by

Budget 2021-22 to include ‘no new taxes’ on the salaried person, raise in salaries

ISLAMABAD: The federal budget 2021-22 having a total outlay estimated at Rs8.4 trillion will be presented before the National Assembly on June 11, ARY NEWS reported quoting sources.

According to sources privy to the matter, the total outlay of the federal budget is estimated at Rs8400,