ABAD organises ‘Pak-China Construction Conference’
KARACHI: Pak-China friendship is stronger than ever, and all the projects initiated under China-Pakistan Economic Corridor (CPEC) are to be completed on time, said China's Commercial...
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.
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 facilitate low...
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...
‘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...
Selling is easy, recovery a huge challenge
“Construction is a vast sector and in terms of products produce and segments that we operate in, we are the leaders in terms of...
China’s construction giant inks MoU to build Gwadar’s first luxury golf community
ISLAMABAD: Empire Properties, the Pakistan registered trustees of leading International Developers CPIC, have signed a Memorandum of Understanding with China Civil Engineering Construction Corporation...
FDI jumps to 15.6pc, adding $262.5 mn from last year
KARACHI: Foreign Direct Investment (FDI) in the first eight months of 2017-18 amounted to $1.94 billion, up 15.6 per cent or $262.5 million from...
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 the amended...
Cement prices to go up by Rs50 per bag
LAHORE: Cement manufacturers nationwide have decided to jack up cement price by Rs50 per bag after the hike in fuel prices recently. Sources familiar...
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 the construction...
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
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
PAC, PEC at loggerhead on issuance of illegal license to foreign firms
PAC two months back had asked PEC to provide information about the number of licenses issued to foreign firms for execution of construction projects
No relief in federal budget for construction sector, says ABAD
ABAD chairman said that the government has presented a purely political and election budget, which will force the upcoming government to announce supplementary budget just after four months.
