The Asian Development Bank (ADB) has emphasized the importance of reforming Pakistan's real estate tax policies and revisiting the current tax exemptions that benefit the sector. In an August 20 report, the ADB suggested that the tax exemptions granted for open plots should be reconsidered after six years. This would allow the government to reassess the impact of these exemptions and ensure they align with...
Islamabad: The China State Construction Engineering Company (CSCEC) has shown strong interest in investing in several major infrastructural development projects in Islamabad. This was reported on August 19, following a visit by a high-level delegation from CSCEC to the Capital Development Authority (CDA) headquarters. The delegation's visit was focused on exploring opportunities for investment in five...
The Lahore Development Authority (LDA) has taken a major leap towards modernization by introducing an online system for the submission and approval of residential building plans. This new initiative, announced on August 16, is a key component of LDA’s efforts to enhance citizen services and streamline urban development. With this digital transformation, the LDA Citizen Facilitation Centre, commonly...
Bahawalpur: The Defence Housing Authority Bahawalpur (DHA-BWP) has officially announced an extension to the construction incentive deadline for property owners in Sectors A, B, and C. This extension, which was revealed via DHA Bahawalpur’s official Facebook page on July 31, now gives plot owners additional time until August 31, 2025, to take advantage of significant financial benefits associated with...
Rawalpindi: The Defence Housing Authority Islamabad-Rawalpindi (DHAI-R) has officially announced a possession ceremony for sectors within Phases 6 and 7 of its ongoing development. This announcement made public on August 2 via DHA Islamabad’s official Facebook page, marks a significant milestone for property owners and investors in these phases. Phase 6 Details: Sector B-3: This sector includes...
Lahore: The Lahore Development Authority (LDA) has sanctioned a substantial budget of PKR 96.16 billion for the upcoming fiscal year. This budget, allocated to the LDA and its subsidiary agencies, was officially approved on August 7, reflecting the authority's financial strategy and development goals for the year. Budget Breakdown: LDA Urban Development Wing: The largest share, PKR 59.18 billion,...
Lahore: The Ravi Urban Development Authority (RUDA) and the Punjab Higher Education Commission (PHEC) entered into a significant partnership on Monday, formalized by the signing of a memorandum of understanding (MoU) at RUDA’s headquarters, as reported on August 6. The agreement, signed by RUDA’s Chief Operating Officer Mansoor Ahmed Janjua, Chairman Syed Azfar Ali Nasir, and PHEC Chairman Professor...
Islamabad: In a move that signals a significant shift in urban planning for the Capital, Federal Minister for Planning, Development, and Special Initiatives Ahsan Iqbal has directed the Capital Development Authority (CDA) chairman to spearhead the development of vertical housing projects across Islamabad. This directive, reported on July 31, underscores the government's commitment to addressing the growing...
Quetta: The Defence Housing Authority (DHA) Quetta has announced an upcoming increase in feature charges for plots, effective from October 1, 2024, as stated on their official Facebook page. It is urged that existing plot owners have until September 30, 2024, to submit characteristic charges at the previous rates. The revised feature charges for residential and commercial plots under the new structure are...