Ravi Urban Project will be showcased in Dubai Expo Ravi Urban Project will be showcased in Dubai Expo

Usman Buzdar, Punjab Chief Minister revealed that Ravi Riverfront Urban Development will be showcased in Dubai Expo. The Sole purpose of this Showcasing is to attract foreign investment. According to CM Buzdar, this project will be a Game changer as it attracts investors with its unique location. Ravi Riverfront is being built on the bank river which is inspired by London. CM Buzdar also reviewed the ongoing development in Ravi Riverfront and was very satisfied with the development w...

FBR's IRIS Portal available to Overseas Pakistanis FBR's IRIS Portal available to Overseas Pakistanis

FBR (Federal Board OF Revenue) announced that overseas Pakistani’s can now use the IRIS portal for the purpose of filing income tax returns.There is an e filling URL on FBR's official site where one can use this URL to file an income tax return. This URL is introduced to minimize the difficulties of overseas Pakistanis had faced filing income tax returns in the past. The Last Date to file an income tax return is 30 September.

PKR 8.5 Billion released by Punjab Govt for Development projects PKR 8.5 Billion released by Punjab Govt for Development projects

Punjab Planning and Development Board has released PKR 8.1 billion for different development projects. These development projects include the construction of roads and other infrastructures across many districts of the province. Further details are mentioned below PKR 2.5 billion for the establishment of sub-campus of UVAS (the University of Veterinary and Animal Sciences) in chichawatni.The building of a 12Km long dual road in Rahim Yar Khan has also been granted and budgeted at PKR 8...

Plans to connect Lahore's Ferozepur Road and Motorway Plans to connect Lahore's Ferozepur Road and Motorway

Mr. Asad Khokhar, Punjab Minister for Housing and Urban Development announced that Ferozepur road will be connected to the motorway and this project will be initiated very soon. LDA has also approved the construction of a 15Km signal-free corridor between the Kharak stop and Ferozpur Road. Mr. Asad Khokhar also instructed the relevant authorities to produce a timely report to bring such territories under the jurisdiction of WASA.

Updates on Development Schemes In Rawalpindi Updates on Development Schemes In Rawalpindi

A total of 500 schemes worth PKR 86.9 billion are going to be launched in the Rawalpindi region. 430 of them are approved and the rest of them are in progress to be approved.According to the commissioner, office spokesperson 361 initiatives were approved in which 264 are new projects and 96 ongoing projects. These new projects are introduced in different sectors including 33 highway divisions, 72 building divisions, 50 local government, 8 for tourism, and 29 for public health. Commi...

CDA Auctioned Plots worth PKR 20 Billion on the first day CDA Auctioned Plots worth PKR 20 Billion on the first day

CDA collected PKR 20.35 billion through the auction of 13 properties in different areas of Islamabad. The event got an overwhelming response from the investors and the authority reached its goal amount on the very first day by auctioning 13 out of 29 plots for sale. The highest bid received for a plot was PKR 6.5 billion. CDA chairman Amer Ali Ahmed stated that the sale of these commercial plots will be used for public welfare and to build more housing units in the area.

LDA proposed Lahore Road's concept project (PC-1) to the Government LDA proposed Lahore Road's concept project (PC-1) to the Government

LDA (Lahore Development Authority) has proposed a project concept (PC-1) of the reconstruction of Burki Road, Babu Sabu, and Sagian Road to the Government of Punjab. The expected cost of this project is about PKR 1.3 billion. This concept project details have been shared with Punjab secretary housing and P&D for approval. According to the engineering wing of LDA, the estimated cost of rehabilitation of Sagian interchange will cost about PKR 750 million. While the construction of th...

Dreams Marketing has been featured in top 50 Real Estate Companies of Pakistan Dreams Marketing has been featured in top 50 Real Estate Companies of Pakistan

Dreams Marketing has been featured in the top 50 Real Estate Companies of Pakistan by BestStartup.Asia which is a subsidiary of Fupping Ltd, a UK-based Media Company. We would like to thank all of our dear clients who trusted us and made their investments through us. Many other great things are on the way, Stay Tuned! Source: https://beststartup.asia/50-top-pakistan-real-estate-companies-and-startups-of-2021/

Tax notices to corporate housing schemes to file returns Tax notices to corporate housing schemes to file returns

The Federal Board of Revenue (FBR) has announced to treat the cooperative housing societies (CHS) as a company for tax purposes. FBR also mentioned that they will make sure that CHSs file their income tax returns properly on an accrual basis.The FBR issued circular number 3,2022 instructing formations to resolve outstanding cases for revenue collection. It was mentioned that under the cooperative society act 1925 there are 3 problems·        Real Estate p...

Property Tax will be calculated on Rental Value instead of Area Property Tax will be calculated on Rental Value instead of Area

Finance Minister of Punjab Makhdoom Hashim Butt announced that the property tax will be calculated on the basis of the rental value of the property rather than the Area. He also mentioned while talking to a news source that the gap between personal use and tenancy in commercial real estate will also be reviewed. While chairing the meeting of the ministerial committee for resource mobilization 2021,22 he also mentioned that amendments in the Punjab Urban Immovable, property tax act 19...

Software Technology Parks to be set up in Faisalabad and Rawalpindi Software Technology Parks to be set up in Faisalabad and Rawalpindi

IT ministry of Pakistan is planning to establish a software technology park in Rawalpindi and Faisalabad. The concern behind this initiative is to promote the IT sector in the region, two MOUs were also signed for setting up these technology parks.This technology park in Faisalabad will be set up at Sitara chemical’s Ali Fatima College of Science and Technology on an area of 19500 square feet.While the technology park in Rawalpindi will be set up at the amazon outlet mall in an area of 440...

Pakistan planning towards clean Energy under CPEC Pakistan planning towards clean Energy under CPEC

CSNR (China Society of Natural Resources) executive secretary Shan Lei has said that climate change in Pakistan can be alleviated through CPEC.Shan lei has also said that Pakistan can easily achieve this target under CPEC through Technology and equipment.She also pointed towards losses along with transmission lines and said that energy structure adjustment is an effective way to solve the problem of energy shortage in Pakistan. The World Bank believes that Pakistan should add 24...

Punjab Government has announced Amnesty Scheme for Private Housing Projects Punjab Government has announced Amnesty Scheme for Private Housing Projects

The Punjab Government has announced future plans to formulate an amnesty scheme for the real Estate Sector under which illegal housing projects build on green areas will be benefitting from the national reconciliation ordinance (NRO).Under this amnesty hundreds of private housing schemes will get relief; all legal processes will be initiated to start the regulation process after small penalties and fines. The ordinance will set up a special commission which will be headed by a retired supreme c...

Commission for Regularization of Irregular Housing Schemes Ordinance 2021 Commission for Regularization of Irregular Housing Schemes Ordinance 2021

The commission is formed to regularize the illegal housing schemes in PunjabOn 9th April Provincial government of Punjab formed a Punjab commission for regularization of irregular housing schemes ordinance 2021. The main purpose of this commission is to regularize private housing schemes and take strict actions against irregular residential projects all across Punjab.A five-member commission will be established for this purpose and the said commission will be beyond the jurisdiction of the...

Islamabad to be added in Top 500 Cities for Global Mayors Challenge 2021 Islamabad to be added in Top 500 Cities for Global Mayors Challenge 2021

Islamabad has been included among the first 500 cities for the global mayor challenge 2021. It is announced by the US-based Bloomberg cities network on the 26th of February.This competition is meant to identify and accelerate the most ambitious ideas developed by these cities to counter the Covid19 pandemic. According to Bloomberg Philanthropies, “it is meant to select 50 ideas from municipalities based upon the criteria of vision, impact, implementation, and transferability. Idea t...

NY Times Listed Lahore in "52 Places to Love in 2021" NY Times Listed Lahore in "52 Places to Love in 2021"

The New York Times published an article lately with the title “52 Places to Love in 2021”. They listed our Lahore on that list. Before the publication of the article, they have asked the suggestions from the people about their favorite sports and other things that kept them delighted and inspired during 2020. In the end, they listed 52 places out of 2000 suggestions that were to convey hope that the world still awaits.Lahore was suggested by a freelance writer named “Haneen Iqbal” a reside...

Overseas Pakistanis to be taxed if not provided exemption certificates Overseas Pakistanis to be taxed if not provided exemption certificates

Federal Board of Revenue (FBR) issued an instruction to the banks regarding the withholding of tax on profit on debt unless overseas Pakistanis produce an exemption certificate under section 159 of the income tax ordinance.According to the details the income tax circular stated that section 159 of the income tax ordinance requires withholding agents to deduct the full amount of tax in case of the taxpayer does not produce tax exemption certificate under section 159(1) of income tax ordinan...

PM Imran Khan Addressed Authorities to Facilitate Investors in Real Estate Construction Sector PM Imran Khan Addressed Authorities to Facilitate Investors in Real Estate Construction Sector

A Great News for Investors out there as PM Imran Khan has directed the Federal Board Of Revenue (FBR) and Other departments to facilitated the NRP (Non-Residential Pakistani) who want to invest in the construction sector of the Country.Pm Imran Khan directed these instructions while presiding a meeting of the National Coordination Committee on Housing, Construction, and Development. He also addressed the issues regarding NOCs and approval procedures in the Real Estate sector to make them...

Technical Proposals for Lahore Master Plan 2050 Technical Proposals for Lahore Master Plan 2050

The final stage of selecting Consultants on Lahore Master Plan 2050 is started. The proposals received from shortlisted candidates for consultants were opened in the latest meeting of LDA’s consultant selection committee.  The meeting was chaired by LDA director General Ahmad Azizi Tarar. Three technical bids got received from three companies named NESPAK, Dar Al Hindsa and Mine Heart. The plan will be prepared according to the expected needs of the city in 2050.

B2B Investment Conference of CPEC to be held on the 25th of November B2B Investment Conference of CPEC to be held on the 25th of November

Board of Investments (BOI) has announced a business to business (B2B) investment conference of China Pakistan Economic Corridor (CPEC) industrial Cooperation on 25th of November. This conference will be held in cooperation with the KPK Board of Investment at a venue in Peshawar. The main purpose of this conference is to create a better link between foreign and local investors. Furthermore, there are plenty of other sectors that will get highlighted in this conference including Mines and Mi...

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