FBR revises property valuation rates in Islamabad, impacting real estate taxes
New property valuation rates set for residential, commercial, and rural properties, with Rs 4,000 per square foot for structures up to five years old and Rs 3,000 for older ones, impacting areas like DHA, Zartaj Housing, Gulberg, Bahria Enclave, and others
Pace Pakistan, subsidiary to develop 161.8 Kanal commercial hub in DHA Gujranwala
Pace (Pakistan) and its subsidiary Pace Barka Properties, each holding a 50% stake, to develop and manage mixed-use commercial hub; MoU signed
NAB uncovers massive land fraud in Islamabad, Rawalpindi as housing schemes oversell 91,000 plots: report
Probe reveals private and cooperative housing schemes sold land far beyond approved limits, marketed 80,000 kanals without approval, and issued 20,000 memberships despite no land availability
What is going on with the Pace stock price increase?
The market looks more than excited about the future prospects for the real estate giant. Will the turnaround materialize?
AGP audit finds over 95% of builders failed to meet conditions of April 2020 tax amnesty scheme
Sectoral audit flags weak compliance and revenue loss; FBR urged to tighten rules on benami transactions
Punjab replaces 66-year-old property tax system with new capital value-based regime
New system, effective January 2025, aims to improve transparency, efficiency, and revenue collection without burdening taxpayers
First Dawood completes first building
Company likely invested Rs80-90 million in the new project, with the objective of receiving Shariah compliant rental income
FDA’s one window counter resolves 1,242 cases from January to June
38 applications remain under process in various sectors
Bank Makramah sells headquarters building in Karachi for Rs12 billion
The deal would be the second largest publicly disclosed commercial real estate transaction in Pakistan by rupee value, third largest by dollar value
Rising costs squeeze margins at International Packaging Films
Higher input costs, but commoditized end-products have forced manufacturer to struggle with lower gross margins
Pace Pakistan board approves major restructuring
The Lahore-based mall developer plans to issue significant amounts of equity to pay down its debt, and plans to convert some debt into equity
Thousands of Pakistanis holding UAE golden visas face scrutiny over unreported real estate investments: report
FIA launches crackdown against Pakistani residents who have invested 2 million AED in real estate in the UAE
Govt plans new subsidised housing finance scheme to boost real estate sector
Budget proposes Rs5 billion subsidy to support scheme offering partial markup relief to lower borrowing costs for eligible households
U.S. regulator directs mortgage giants to draft crypto asset rules
The change would allow banks to factor in verified crypto holdings when deciding if a mortgage qualifies for purchase by Fannie or Freddie
Trump Organization pays off $160 million loan on Manhattan office tower
Trump cites 40 Wall Street , which he bought for $1 million, as one of his most successful real estate investments ever