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Pakistan Property News & Trends

GDA imposed ban on NOCs in Gwadar

Gwadar Development Authority imposed complete ban on issuing of Development & Sales NOCs for Housing, Commercial and Industrial Projects, Commercial & Residential Building as well as on Land Development permits in Gwadar for a period of next 6 month. Further more all Government / Semi Government Agencies, Autonomous Bodies working in the jurisdiction of Gwadar[…]

PM launches CPEC trade cargo shipment at Gwadar Port

GWADAR: Prime Minister Nawaz Sharif on Sunday inaugurated the shipment of trade goods from Gwadar Port to international markets, marking the historic launch of trade activity under the China Pakistan Economic Corridor (CPEC). Addressing the CPEC launch ceremony at Gwadar Port, the prime minister hailed the historic moment as the “dawn of a new era” and said the CPEC[…]

DHA Medical City Lahore – Logo Competition

DHA Medical City a mega project of of DHA Lahore is announced. DHA Lahore invite to submit DHA Medical City Lahore Logo till 19th October, 2016. Winner will be awarded 100,000 cash prize. Requirements: Logo should depict a Mega ‘Medical City’ compatible to the metropolitan city of Lahore. Logo should be comprehensive that an illiterate[…]

Public notice for empty plots owners

It is to inform General Public that Punjab Govt. has imposed Property Tax on Empty Plots as per Valuation Table issued by Govt. in Punjab where property tax is applicable from July 1st, 2016 under Finance Act 2016. Plots owners are also requested to provide their documentary ownership proof to Excise & Taxation Department till[…]

New Tax Ordinance 2016 Challenged LHC

The realty market in Lahore has challenged the constitutionality of the Income Tax (Amended) Ordinance 2016, which aims to impose new taxations based on fresh property valuation by Federal Board of Revenue (FBR). The move has been made by Defence Housing Authority Lahore agents in the Lahore High Court, after they failed to get a[…]

PM Inaugurates Gwadar Free Trade Zone

GWADAR: Prime Minister Muhammad Nawaz Sharif Thursday inaugurated a string of development projects for Balochistan including a dam, Gwadar Free Zone, Business Complex and a University, all aimed at mainstreaming the country’s remotest areas. Gwadar is Pakistan and Pakistan is Gwadar – PM Nawaz Sharif Prime Minister Nawaz Sharif was accompanied with Governor Balochistan Mohammad Khan Achakzai, Chief[…]

Chinese Delegation Reviews Gwadar Port Expressway, Free Zone

A ten-member high level Chinese delegation led by Chan Drong arrived in Gwadar on a four days visit.   Additional Chief Secretary Balochistan Daud Barech and Chairman Gwadar Port Authority Dostain Jamaldini briefed the delegation about progress of projects.   The Chinese delegation reviewed Gwadar Port Expressway, Gwadar Free Zone, Pak-China Friendship Primary school and[…]

Work on Lahore Ring Road Southern Loop started

LAHORE: Construction work on the Ring Road’s southern loop-1 and 2 (SL-1 and 2) began on Sunday with the chief minister pledging to complete and inaugurate it on the next Independence Day. The 22.4km SL-1 and 2 starts from Kamahan (DHA phase 5) and ends at Adda Plot, Raiwind Road. The project worth Rs25 billion[…]

Determination of fair market value under section 68 of Income Tax

[button_large link=”https://eproperty.pk/wp-content/uploads/2016/08/Determination-of-Valuation-of-Immovable-Properties-by-FBR-FAQ.pdf” target=”_blank”]Valuation of Immovable Properties FAQ[/button_large] Determination of fair market value under section 68 of Income Tax (Amendment) Ordinance , 2016 Federal  Board of Revenue is pleased to notify the value of immovable properties in the following cities as under, with effect from 31st July, 2016: Value of Immovable Properties in Abbottabad Value of Immovable Properties[…]

State Bank notifies valuers to determine real estate market value

In terms of sub-section (4) of section 68 of the Income Tax Ordinance, 2001, State Bank of Pakistan is pleased to notify panel of approved valuers for determination of fair market value of immovable properties as per Annexure ‘A’. The panel will continue to remain effective till the time “Valuers’ Registration and Governance Regulations 2016”[…]

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