Islamabad: Directorate of Revenue Capital Development Authority (CDA) has decided to launch a massive drive against property tax defaulters.

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[…]

Rawalpindi Development Authority (RDA) has decided to fill 35 posts of Grade-1 to 15 on temporary basis, aiming to lessen the shortage of staff, and the Punjab government while approving the RDA recommendations allowed it to make recruitments.

ISLAMABAD: Chief Executive Office of Engineering Development Board (EDB), Asad Elahi said here on Saturday that Mid term plan for entry of the engineering industry in international markets has been formulated.

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[…]

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.

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[…]

The inhabitants of Dheri Hassanabad Saturday staged a protest demonstration against the slow pace of development work on an excavated road in the area for the last one-month.

Capital Development Authority (CDA) has directed the housing societies to demarcate lands transferred to it for roads, parks, mosques, sewerage treatment plants and playgrounds.