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Author : Atif Iqbal

Islamabad : House buyers to pay excise duty

ISLAMABAD (July 15 2008): A major shift in tax burden has been made through making amendments in Finance Act 2008 for collection of excise duty from the consumers/buyers of residential and commercial houses, etc, instead of directly collecting income tax from the influential real estate builders and developers.

Islamabad: Another attraction added for visitors of Saidpur village

Surrounded by lush green trees in the tranquil setting of centuries-old Saidpur village, a wooden kiosk undoubtedly added to the beauty of the area while maintaining traditional look of the well-preserved tourist spot. Situated at the beginning of road leading to the Saidpur village, the kiosk meant for serving traditional food items to the tourists[…]

Lahore: Construction work on 37 plots stopped in Johar Town

THE Estate Management Directorate of Lahore Development Authority has stopped construction work on 37 plots in Johar Town Phase-II area, and issued notices for presenting ownership documents to those responsible for building these structures. The Lahore Development Authority has decided to launch a crackdown against them in case they fail to produce the relevant documents.

Islamabad: CDA gives plots to non-deserving employees

In utter violation of the rules and regulations as well as the verdict of the Supreme Court of Pakistan, the Capital Development Authority (CDA) has allotted plots worth billions of rupees to the officers who had joined the CDA on deputation or allotted more than one plot to the same employee, The News has learnt.

LDA budget of Rs 13.88 billion approved

LAHORE: The governing body of the Lahore Development Authority (LDA) has approved annual budget of LDA and its subordinate agencies Wasa and TEPA, amounting to Rs 13.88 billion for the fiscal year 2008-09. Collective income of LDA, Wasa and TEPA has been estimated at Rs 13.88 billion against expected expenditures of Rs 12.715 billion, including[…]

Islamabad : Work on new airport enters 2nd phase

ISLAMABAD: The construction work on new Islamabad airport project has entered the second phase. The new airport project is scheduled to be completed by end of 2010 and it would offer international standard facilities to 6.5 million passengers besides handling of 100,000 metric tonnes of cargo annually. According to Civil Aviation Authority (CAA) sources, the[…]

DG NAB gets notice on interference in Gwadar

QUETTA: A division bench of the Balochistan High Court here on Wednesday issued notices to the Director General, National Accountability Bureau, Balochistan, and DG Gwadar Development Authority (GDA) for October 28 on a petition on alleged interference of the NAB authorities in private land affairs in Gwadar.

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Atif Iqbal from eProperty®