Tuesday, July 7, 2020
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Rs30bn subsidy announced for Naya Pakistan Housing Project

ISLAMABAD: The government has announced a special package for the construction sector that includes an amnesty scheme, tax exemptions and a Rs30...

Govt urged to introduce soft taxation regime for real estate sector

LAHORE: The government must formulate special policies and introduce a soft taxation regime for the country’s real estate sector.

Hafeez Shaikh stresses need to incentivise real estate sector

Adviser to Prime Minister on Finance Dr Abdul Hafeez Shaikh on Monday stressed the need to incentivise the real estate...

India lowers tax on new home sales ahead of general election

MUMBAI: India on Sunday announced a cut in the goods and services tax charged on sales of residential properties under construction, according...

TRC decides to refine system for valuation of immovable properties

Hence, it has been agreed upon to survey the likelihood of effectively utilizing the National Database and Registration Authority (Nadra) data for bringing potential people into the tax net

Govt jacks up property valuation rates by average 20%

This step will allow the government to rake an additional Rs5 billion in tax revenues in the last five months (Jan-Jun) of the current financial year 2018-19

Packages Ltd seeks details of orders from apex court regarding leased land

On Saturday, the apex had ordered Packages Limited to pay lease payment of Rs500 million for the land where its factory is built following the expiry of the lease agreement in 2015

China house price gains no longer a certainty: central bank adviser

Following a furious boom, China has gradually tightened regulatory controls over its massive property market from mid-2016.

China warns cities to cut reliance on property, developers’ shares fall

The total sales of China’s top 100 real estate developers soared 35 percent last year, according to private research firm CIRC

SECP revamps regulatory framework for REITs

ISLAMABAD: In continuation of its efforts to foster the growth of real estate investment trusts (REITs), the Securities and Exchange Commission of Pakistan...

Government reluctant to implement key reform on immovable properties

Notwithstanding, it is mandatory under Income tax law to establish the Directorate General of Immovable Property

With eye on local debt, China vows to bolster watch over ‘specialty towns’

The state planner, in a meeting on Friday, urged various ministries involved - including the land ministry and the housing ministry - to improve the quality of specialty town projects

FBR to brief PM about administrative measures to boost revenue collection

The tax regulator has projected Rs37 billion in tax demand from an audit of high net-worth individuals

Govt discerns over 24,000 properties for privatisation to raise proceeds

The cabinet was informed that around 24,066 properties fell in three brackets, rest house, federal government property and residence

Govt removes stipulation permitting non-filer overseas Pakistani’s to purchase property

The government issued a circular disclosing the stipulation on purchase/transfer of property having a value over Rs5 million by non-filers was not applicable to legal heirs procuring property via inheritance