Lahore: The Punjab government is planning to amend a 116-year-old law to help overseas Pakistanis sell property without legal complications, as reported on June 24. This significant amendment aims to address long-standing issues faced by Pakistanis living abroad who wish to engage in property transactions in Pakistan. Currently, under Section 31 of the Registration Act 1908, overseas Pakistanis are...
According to a news source on June 21, the Capital Development Authority (CDA) has revealed plans to build Islamabad's first Wildlife Safari Park. This new venture aims to provide an immersive wildlife experience while promoting conservation and education. According to the details, the Wildlife Safari Park will feature a jungle theme, complete with tree houses, close animal encounters, and a...
The Capital Punjab Development (CBD) Punjab recently held the bid opening for the Celestia IT Tower project in Lahore’s premier IT hub, CBD NSIT IT City, as reported in June. This event marks a significant step forward in the development of the city's technology infrastructure. Details indicate that sealed bids covering both technical and financial aspects were submitted by several top construction...
Lahore: According to a news source on June 20, the Lahore Development Authority Director General (LDA-DG), Tahir Farooq, has ordered the establishment of a strict monitoring system to stop unlawful developments in Lahore. To combat the rising issue of unauthorized construction, the LDA has taken proactive steps by forming dedicated teams to oversee and enforce building regulations. During the Eid-ul-Azha...
Islamabad: On June 13, the Capital Development Authority (CDA) declared its plan to enhance and refurbish buildings in several major markets throughout Islamabad. The areas targeted for these upgrades include Blue Area, Aabpara Market, G-6, F-6, and other significant commercial centers. According to the details provided, CDA Chairman Muhammad Ali Randhawa highlighted the necessity for a business-friendly...
Karachi: On June 13, the Sindh Assembly passed the Sindh Urban Immovable Property Tax (Amendment) Bill 2024, which authorizes the provincial government to collect property tax from cantonment areas. Under this new bill, cantonment boards will continue to collect property taxes on behalf of the Sindh government, retaining two percent of the collected amount as service charges. This arrangement was...
Islamabad: The 2024-25 budget has introduced significant changes to the capital gains tax regime, particularly affecting real estate, as reported on June 13. These modifications are intended to streamline the tax framework and enhance revenue from property transactions. The government anticipates that these adjustments will increase tax revenue by more than PKR 60 billion. Beginning July 1, 2024, a...
Multan: The Parks and Horticulture Authority (PHA) has submitted an ambitious proposal to the government for the construction of 20 new parks in South Punjab. This initiative aims to significantly enhance the availability of green spaces in the region, catering to the recreational and environmental needs of the local population. The announcement, reported on June 12, highlights the PHA’s commitment to...
Lahore: The Lahore Development Authority (LDA) has officially approved an extensive plan for the repair and restoration of the Thokar Niaz Baig Interchange. This initiative is aimed at significantly enhancing the entry and exit points of Lahore, addressing longstanding infrastructure needs. The announcement was made following a recent meeting of the Development Sub-Committee, as reported by a news source...