KCR, ML-1 projects of CPEC to hit the ground soon, says Planning secretary
Karachi Circular Railway (KCR) and up gradation of Pakistan’s Railway ML-I projects are the main focus in transport infrastructure sector to be implemented in the current phase of China Pakistan Economic Corridor (CPEC).
‘Lotte Chemical’ shows interest in Pakistan’s chemical manufacturing industry
Pakistan Chemical Manufacturers Association (PCMA) Monday urged the forthcoming government to include the chemical industry in its first 100 days plan and form a...
ICCI urges FBR to stop harassment of builders and developers
ISLAMABAD: President Islamabad Chamber of Commerce and Industry (ICC), Sheikh Amir Waheed has urged the Federal Board of Revenue (FBR) to stop harassing builders...
Kohat Cement to enter the real estate development market
Manufacturer seeks to follow the footsteps of industry leader Lucky Cement, though it is unclear if it will tap the residential or commercial market first
SECP has not provided evidence of alleged corruption in Multan Metro Bus project
KARACHI: Chairman Senate Standing Committee has asked the office of Securities and Exchange Commission of Pakistan (SECP) to provide the evidence regarding sufficient banking information...
ADB to provide $140mn for KP roads improvement project
ISLAMABAD: Economic Affairs Division and Asian Development Bank (ADB) here on Wednesday signed a loan agreement for the provision of $140 million for Khyber...
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 the month...
FBR details new tax rules for builders and developers
Tax body makes amendments to the Income Tax Ordinance 2001; new guidelines aim to enhance tax collection from the real estate sector
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
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
Hubco, FWO Enjazat sign MoU for cooperation in energy, water, mining sectors
HUBCO has signed a MoU with FWO Enjazat L.L.C to explore collaboration on various business opportunities in energy, water and mining sectors.
State Minister stresses expediting LPG-Air Mix Plants in Balochistan
KARACHI: The Minister of State for Petroleum Division, Jam Kamal Khan has stressed the need to expedite work on LPG-Air Mix plants for the...
CPEC will continue fueling growth of Pakistan’s construction industry over next decade: Fitch Solutions
Improved transparency regarding CPEC projects will aid Pakistan’s efforts in the renegotiation of an IMF bailout, which if sanctioned could provide its struggling economy with much required economic relief, said Fitch Solutions
Pakistan to emerge as a regional hub in tile manufacturing, Italian expert
“With various international certifications and production of world-class ceramic products, Pakistan is geared to become the regional hub in tile manufacturing,” said Paolo Malavasi, representative of Centro Ceramico - Italy
FBR suspends notices issued to builders, developers
KARACHI: Federal Board of Revenue (FBR) Director General Broadening of Tax Base (BTB) Tanveer Malik, on the request of Association of Builders and Developers of...
