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Advanced Income Tax on Property Purchase

The following is to be applied for Financial Year 2014 to 2015 with effective from July 1, 2014. Buyer with NTN number has to pay 1% Advanced Income Tax and Non Tax Payer buyer has to pay 2% Advanced Income Tax on purchase of property worth 3 million and above. Seller has to pay 0.5%[…]

RDA, Bahria Town lock horns in land dispute

RAWALPINDI: A multi-billion rupees plot in Saddar has become a bone of contention between the Rawalpindi Development Authority (RDA) and Bahria Town after the civic body began constructing the main metro bus station on the land. The RDA is the executing agency of the metro bus project which will run from Flashman’s Hotel in Rawalpindi[…]

Malik Riaz inaugurates mega projects in Rawalpindi

RAWALPINDI: Chairman Bahria Town, Malik Riaz on Sunday performed the inauguration of the builder’s Mega Customer Service Centre and Greenvalley Premium Hypermarket spreading over a 100-canal land area here. According to the Bahria Town spokesman, the construction company’s customer service centre, which would be its biggest Head Office, was being established in Rawalpindi Phase 8.

Malik Riaz & Ali Riaz acquitted in land scam reference

RAWALPINDI – An Accountability Court (AC) Saturday dropped corruption reference against former Chief Executive (CE) of Bahria Town, Malik Riaz Hussain, and his son Ahmed Ali Riaz in a 1401 kanals of land fraud case.Judge Chaudhry Abdul Haq discharged the property tycoon Malik Riaz Hussain and his son Ahmed Ali Riaz in land fraud case[…]

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