According to the details, the transfer involved a substantial 23-kanal plot owned by the Pakistan Corporate Consortium REIT fund. This transfer represents a key achievement for both the Central Business District (CBD) Punjab and the Pakistan Corporate Consortium (PCC). The successful and rapid completion of this transaction underscores the efficiency and effectiveness of the PCBDDA in managing high-value...
Islamabad residents are set to benefit significantly from the newly established Capital Development Authority (CDA) Mega One-Window centers. According to the details, this initiative aims to simplify access to essential services for residents by offering a wide range of facilities under one roof. Each center will feature twelve counters dedicated to various CDA services and another twelve counters for...
According to the details, this operation carried out under the directive of Chairman Muhammad Ali Randhawa, saw the removal of illegal structures that had encroached upon government property. The goal of the anti-encroachment campaign was to remove any unpermitted projects. It was organized by the CDA's Enforcement Directorate and aided by revenue employees and other departments. As part of this operation,...
LAHORE: Lahore Development Authority (LDA) Director General Tahir Farooq has instructed the Chief IT Officer to implement a system for the digital processing of fully sifted files, bringing them online within the next few days, as reported on June 28. According to the details, Tahir Farooq emphasized that fully sifted and cleared files should be processed with a single click, setting a timeline for...
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...
Islamabad: The Pakistan Government has recently proposed a 5% federal excise duty (FED) on the sale and purchase of new plots, encompassing both residential and commercial properties. This significant measure was introduced by Finance Minister Muhammad Aurangzeb during his budget speech on Wednesday, as part of the latest fiscal policy aimed at regulating the real estate sector. According to the details,...
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...
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...