IMF urges FBR to scrap special tax regime for construction sector

Fund calls to end FBR’s discretionary powers, ,enhanced tax marmonisation, and establishment of Tax Policy Unit

Need raw materials? Zaraye hopes you’ll turn to them

Manufacturers have been procuring raw material the old-school way for decades, resisting any attempt towards automation. Will the B2B startup be able to turn the tide?

Steel industry claims producers in erstwhile FATA/PATA evaded Rs150b in taxes

Industry association claims that manufacturers in former FATA/PATA misused tax exemptions to give themselves unfair advantage

Cement despatches decline by 16.55% during April 2023

ISLAMABAD: As the economic turmoil continues to grip the country, the cement industry in Pakistan is facing trouble with declining despatches during...

Workers protest after Master Tiles fails to pay four months wages on eve of Eid

Factory management tried to placate the protestors with Rs 10,000 per worker and the promise of releasing the payment after Eid despite earlier promises

CWDP approves three development projects worth Rs76.5b

ISLAMABAD: The Central Development Working Party (CDWP) cleared three development projects worth Rs 76.5 billion during its meeting held on Tuesday under...

As the LHC strikes down tax on property, ‘plot’ business may see resurgence  

New law mandated that every property owner would have to pay tax equivalent to 1% of market value of property to federal govt

Cement despatches decline by 24.19% during March

ISLAMABAD: Cement despatches declined by 24.19% in March, 2023. Total cement shipments during March this year were 3.795 million tons against 5.006...

What has Pakistan Cables been up to?

Despite difficulties, the company has been slugging away and staying on track for their expansion plans
Imran Khan

PM reassures builders of all-out cooperation

ISLAMABAD: Prime Minister Imran Khan has reassured the investors in the construction sector that the government is committed to removing any obstacle in...

PM Khan says development of construction sector key to economic stability, growth

ISLAMABAD: Prime Minister Imran Khan on Thursday said that the development of the construction sector is the key to stability and growth...

Approval of building plans being deliberately delayed by MCL: sources

LAHORE: A total of 610 residential, commercial and industrial building plans have been awaiting approval from the Municipal Corporation Lahore (MCL) for...

PM directs banks to simplify application process for housing loans

ISLAMABAD: Prime Minister Imran Khan on Thursday instructed commercial banks to simplify the application process for house building loans in order to...

Rent control bill likely to be presented in NA’s next session, ICCI assured

ISLAMABAD: National Assembly (NA) Standing Committee on Interior Chairperson Khurram Shahzad Nawaz on Wednesday assured the business community that he would present...

KP’s tax cuts may help revive construction industry from Covid slump

PESHAWAR: Senior officials at the Khyber Pakhtunkhwa (KP) Board of Revenue said on Monday that the provincial government has reduced taxes on...