Lahore: Punjab Chief Minister (CM) Maryam Nawaz Sharif, in a recent meeting, announced that the Punjab cabinet has approved establishing a 'Plug and Play Garment City' and its inclusion in the annual development program, according to a news source on June 26. As per the details, the 10th provincial cabinet meeting, covering a 56-point agenda, also approved the ‘Apni Chhat Apna Ghar’ and ‘Chief...
To establish an action plan for finishing the remaining works of Package II, a special meeting was organized at the project site office, presided over by LDA Director General Tahir Farooq. This high-level meeting was attended by key stakeholders, including LDA Chief Engineer Israr Saeed, the contractor, the project director, and representatives from NESPAK. The urgency of the project was underscored by...
Lahore: The Punjab Assembly has approved the budget for the financial year 2024-25, highlighting the exemption of residential properties valued up to PKR 5 million from property tax, effective from July 1 onwards. According to the details, the budget was passed along with the Finance Bill during a session presided over by Speaker Malik Muhammad Ahmad Khan and presented by Provincial Finance Minister Mian...
According to details, Deputy Commissioner Lahore Rafia Haider briefed CM Maryam Nawaz Sharif on the project’s progress. She emphasized the addition of nameplates, house numbers, and street lights to UC 53 in addition to upgrades to the subterranean sewage system that include new manhole guards. The project, featuring concrete, cobblestone, tuff tiles, and colored floors, was inspected by CM Maryam...
Islamabad: The Pakistan Government has recently proposed a 5% federal excise duty (FED) on the sale and purchase of new plots, encompassing both residential and commercial properties. This significant measure was introduced by Finance Minister Muhammad Aurangzeb during his budget speech on Wednesday, as part of the latest fiscal policy aimed at regulating the real estate sector. According to the details,...
As per the details of the extension, customers can now pay their installments without any surcharge until June 30, 2024. This announcement was made through their official Facebook post on June 21, indicating the organization's commitment to accommodating the needs and preferences of its customers. This move is aimed at providing an excellent opportunity for customers to manage their payments more...
PESHAWAR: The Khyber Pakhtunkhwa Economic Zones Development and Management Company (KP-EZDMC) has 350 more industrial units currently under construction, as reported on June 24. Thousands of people now have work options thanks to these recently constructed firms in the economic zones, and 350 more industrial units are being built in other economic zones, according to KP-EZDMC CEO Javed Iqbal Khattak....
Islamabad: The Federal Board of Revenue (FBR) has announced plans to increase the assessed value of immovable properties in major urban cities from 75% to 90% of the market rate. This adjustment, aimed at aligning property valuations more closely with market rates, will be formalized through an official government notification expected to be issued in July 2024. The new valuation rates are part of FBR's...
Karachi: The Defence Housing Authority (DHA) has requested up to 6,000 acres of beachfront land in Karachi from the Sindh government to expand its housing scheme. This request, made in December 2023 to the caretaker government, aims to accommodate families of fallen soldiers and armed forces personnel, as claimed in a news source a couple of weeks ago. According to the details, this significant request...