June 2024

Govt to Increase Withholding Tax on Property Transactions for Non-Filers

Govt to Increase Withholding Tax on Property Transactions for Non-Filers

Islamabad: The Pakistan Government, under directives from the International Monetary Fund (IMF), has announced plans to hike taxes on property transactions for both filers and non-filers. This move is part of a broader strategy to increase revenue and meet the fiscal targets set by the IMF. The new tax measures will be officially introduced in the upcoming budget announcement, aimed at raising the cost of...

Punjab Govt to Introduce Law for Monitoring Commercial Projects

Punjab Govt to Introduce Law for Monitoring Commercial Projects

Lahore: The Punjab government is set to introduce legislation to monitor the master plans of commercial projects through a centralized platform, as reported on June 11. This initiative, announced by Punjab Local Government Minister and Convener of the Special Committee Zeeshan Rafique during a meeting on Monday, seeks to address the unplanned commercial use of agricultural land. Minister Zeeshan Rafique...

FGEHA to Restart Projects and Issue Kashmir Avenue Allotment Letters

FGEHA to Restart Projects and Issue Kashmir Avenue Allotment Letters

Islamabad: The Federal Government Employees Housing Authority (FGEHA) has revealed plans to restart halted projects and distribute allotment letters for Kashmir Avenue. These decisions were made during a pivotal meeting chaired by Director General Captain Muhammad Zafar Iqbal (retd) on Monday, which aimed to address critical infrastructure development and amenities within the authority’s...

K-IV Project's First Phase to Deliver 260 MGD Water to Karachi by 2025

K-IV Project’s First Phase to Deliver 260 MGD Water to Karachi by 2025

Karachi: As reported on June 10, the first stage of the Greater Karachi Bulk Water Supply Scheme (K-IV) project is expected to be finalized by 2025. This stage aims to deliver 260 million gallons per day (MGD) of water to Karachi, effectively addressing the city's persistent water scarcity problems. Significant progress is being made on this crucial project, which is overseen by the Water and Power...

Govt Accelerates Sukkur-Karachi Motorway Completion

Govt Accelerates Sukkur-Karachi Motorway Completion

Karachi: Minister for Housing and Works Mian Riaz Hussain Pirzada informed the Upper House of Parliament that the government is exploring options to expedite the completion of the Sukkur-Karachi Motorway, as reported on June 10. This critical infrastructure project is viewed as essential for enhancing connectivity in Sindh, a region that is both populous and agriculturally rich. During his address, Mian...

Sindh CM Launches Rs 650 Billion Project to Build 2.1 Million Houses

Sindh CM Launches Rs 650 Billion Project to Build 2.1 Million Houses

This significant initiative aims to provide much-needed housing to those who have been severely impacted by recent floods, ensuring their resettlement and rehabilitation. During the inauguration ceremony at Naya Nazimabad, CM Shah underscored the government’s unwavering commitment to addressing the housing crisis faced by flood victims. He highlighted that a substantial portion of the required...

Punjab Government Imposes Comprehensive Ban on Plastic Bags

Punjab Government Imposes Comprehensive Ban on Plastic Bags

Lahore: The Punjab government has implemented a sweeping ban on the production and sale of plastic bags across the province, effective immediately, as reported by a news source on June 6. This announcement, made by Punjab Chief Minister (CM) Maryam Nawaz Sharif on the occasion of World Environment Day, underscores the government’s unwavering dedication to environmental conservation and sustainability....

The KP CM launches the BRT service in DHA Peshawar

The KP CM launches the BRT Service in DHA Peshawar

Peshawar: Chief Minister (CM) Ali Amin Gandapur has officially inaugurated the Bus Rapid Transit (BRT) System’s DR-14 feeder route, which connects Board Bazaar to DHA Peshawar via Regi Model on Nasir Bagh Road. During the inauguration ceremony, CM Gandapur highlighted that Zu Peshawar serves as a vital lifeline for approximately 350,000 passengers daily, playing a crucial role in the city’s transport...

Lahore Bund Road Project Is Predicted to Experience Delays

Lahore Bund Road Project Is Predicted to Experience Delays

This project has encountered significant hurdles, including administrative delays and payment issues to contractors, as reported on June 3. This development poses serious challenges to the timely completion of a project critical to improving Lahore’s infrastructure. According to news details, the Lahore Development Authority (LDA) still needs to green-light the updated cost estimate, which includes...

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