Affordable housing project launched for low-wage workers in Pakistan

Islamabad: In a first-of-its-kind project, Pakistan on Thursday started giving out apartments and houses to low-wage workers on easy mortgage terms.

The affordable housing project offering 1,008 apartments and 500 houses on low mortgage rate would make homeownership accessible t

CM Punjab announces action against land-grabbers, investigations into corruption

LAHORE: Punjab Chief Minister Sardar Usman Buzdar has directed officials to take action against land-grabbers across the province as well as investigate all corruption by past governments.

Addressing a press conference in Lahore along with Accountability Advisor to PM Barrister Shahzad

CDA plans to introduce Metropolitan Police force for Islamabad

ISLAMABAD: The newly formed board of the Capital Development Authority (CDA) has decided to establish a Metropolitan Police in collaboration with the Islamabad police.

The board also spoke of plans to construct new roads, regulate contractual employees and create a green restaurant in t

SHC suspends FBR’s Rs25b deal

ISLAMABAD:
The Sindh High Court (SHC) has suspended the award of Rs25 billion worth contract, which the federal government gave last week to monitor production of four tax evasion prone sectors as part of a condition of the International Monetary Fund (IMF).

The court granted sta

Efficient and empowered authority urged for CPEC

Experts at a webinar on Saturday feared that the China-Pakistan Economic Corridor (CPEC) might become a debt trap if the authorities did not efficiently actualize the targets of the game-changer initiative. — File photo
ISLAMABAD: Experts at a webinar on Saturday feared that the Chin

How will govt Income Tax (Amendment) Bill 2021 impact the industry?

The government's decision to put forward the Income Tax (Amendment) Bill 2021 has become a hot debate among financial experts, as the government aims to generate Rs 70 to Rs 140 billion through these amendments.

As per Topline Securities in its report, among the major amendments mad

Cement industry to expand 15pc by 2023

KARACHI: Cement production in the country is likely to expand by more than 15 percent in two years as to date about five companies have announced their output with four more units to unfold their plans soon.

According to reports, Lucky Cement, Fauji Cement, Kohat Cement,

Major amendments made in Income Tax (Second Amendment) Act, 2021

The government has made a number of major amendments in the Income Tax Ordinance, 2001, which aims to increase the tax income by up to Rs 70 billion to Rs 140 billion.

As per details, the act shall be called the Income Tax (Second Amendment) Act, 2021, which shall come into force on the

Why Karachi needs pro-resettlement, not anti-encroachment housing policies

Millions lack access to crucial services in Karachi, and Covid-19 has exposed how pervasive the city’s problems are
Usmaan Farooqui March 10, 2021
The Karachi Municipal Corporation is currently conducting an anti-encroachment drive aimed at reclaiming illegally occupied land.

CDA board decides to make Islamabad tourist friendly

ISLAMABAD: The Capital Development Authority (CDA) at the first meeting of the newly-formed CDA Board on Wednesday decided to make the federal capital tourist-friendly, functionalize libraries and to hold activities that highlight the national culture.

It was also decided to mak

Rs85bn accord for construction of Balakot Hydropower Project signed

PESHAWAR: In an important development for the country’s energy sector, the Khyber Pakhtunkhwa government has signed a contract agreement for the construction of a 300-megawatt Balakot Hydropower Project with a Chinese company.

As per details, the 300MW power project would be const