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...
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...
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...
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...