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Author : Atif Iqbal

Islamabad: FBR asks LTUs to check CVT payment

ISLAMABAD (January 19 2009): The Federal Board of Revenue (FBR) has directed the Large Taxpayer Units (LTUs) to check non-payment of capital value tax (CVT) on buying and selling of property by housing/development societies. Sources told Business Recorder on Saturday that the FBR has taken the decision during last board-in-council meeting to probe investment and[…]

Investments abroad start flowing towards PakistanIslamabad

The Pakistan Economy Watch (PEW) said on Monday realty sector is showing some signs of improvement as investors disappointed with Dubai downtrend have started shifting capital to Pakistan. Many traders, industrialists, agriculturists and investors have lost their investments in the property slide in the Gulf and Middle East. The bust has relieved many mediocre Pakistanis[…]

Development Authorities Liable To Pay Tax From July

ISLAMABAD:The development authorities, housing societies, and other authorities, who had wrongly claimed income tax exemption under the cover of “local authority”, have been brought into the tax net from July 1, 2008. Sources told Business Recorder on Tuesday that the Federal Board of Revenue (FBR) had clarified definition of “local authority” through Finance Act, 2008.

Islamabad:An overview of housing in Pakistan

Pakistan witnessed a real estate boom after the 9/11 and war on terror. Property prices skyrocketed across the country and to buy a home resembled something beyond the bounds of possibility for an ordinary Pakistani. The expatriate Pakistanis invested their money in the real estate and the continuous flow of dollars swelled the volume of[…]

Gwadar an ideal destination for local, foreign investors

ISLAMABAD: With strategic and economic significance, Gwadar is well poised to unleash constructive opportunities for local as well as foreign investment in diverse fields. Development work and business activities are gaining impetus at a fast pace with the Gwadar site getting transformed into an ideal destination for potential investors. Gwadar has better potential and investment[…]

Islamabad: CDA drive against encroached land soon

Islamabad: Capital Development Authority (CDA) has decided to initiate a campaign to confiscate land, encroached by the allottees of plots and houses in different areas of the capital. A survey carried out by CDA reveals that its land outside the plots and houses has been encroached upon by a number of allottees of the plots,[…]

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Atif Iqbal from eProperty®