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
President promulgates Naya Pakistan Housing, Development Authority Ordinance
The authority shall prepare feasibility studies for the development of schemes and determine the mode of development accordingly.
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 sectorÂ
Malakand tunnel project to be allocated more funds
ISLAMABAD: National Highway Authority (NHA) is in process of arranging an additional $85 million for the Malakand tunnel project as now it has been...
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 the last...
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 million tons...
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...
CPIC Global signs deal for two mega residential, commercial projects in Gwadar
'The dream of a Gwadar becoming a key economic hub of Asia is not far away now'
ISLAMABAD:Â CPIC Global on Wednesday signed a construction...
FBR sets minimum profit rates for builders and developers in new tax scheme
Taxable profits are set at fixed rates of 10%, 15%, and 12% for different categories of construction sector
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...
Railways ministry faces a Rs37-40bn deficit, says Sh Rasheed
RAWALPINDI: Railways Minister Sheikh Rasheed Ahmed has said that the Railways ministry faces a debt of Rs37 to 40 billion left behind by the...
NTDC fined Rs10mn for delaying projects
ISLAMABAD: National Electric Power Regulatory Authority (NEPRA) has imposed a fine of Rs 10 million on M/s National Transmission and Despatch Company Limited (NTDC)...
After a complete plummet, Pakistan’s cement industry is seeing healthy margins again. What prompted the comeback?
After plummeting to below 5% in 2020, the cement sector's gross margins have surged back to 25% in 2023, but haven’t quite hit the highs of nearly 50% they had in 2012
ECC decision on housing finance to be approved by Cabinet today
ISLAMABAD: The federal cabinet, scheduled to meet today (Tuesday) with Prime Minister Imran Khan will endorse the Economic Coordination Committee’s (ECC) decision on housing...
Rs 10bn worth benefits given to Chinese firm through tax exemption
ISLAMABAD: Senate’ Standing Committee on Finance, Revenue, Economic Affairs and Narcotics Control informed that around Rs 10 billion worth benefits were given to a Chinese...
