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...
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...
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...