The G20 Countries have announced their decision to include Pakistan in the group of countries that are going to be offered Debt Relief on all kind of interest and principle payments to official bilateral creditors.This decision was taken in a meeting of G20 Countries that was held at Riyadh. This meeting was held as a result of IMF and World Bank’s appeal about the extension of debt relief to the countries who are suffering economically and let them fight this global epidemic COVID19 using...

As the lockdown on the construction sector is about to lift up by the government so it is expected that new rates for construction materials will be announced on April 15.Read: Government is abolishing all the withholding taxes on Building MaterialsPrime Minister Imran Khan took the initiative of lifting the ban from the construction sector of the country to boost construction activities in the country. The prices have already started to fluctuate.Read: Prime Minister has announced a histori...

PM Imran Khan has just announced a relief package for the country’s construction sector as The Government is taking the decision to abolish all the withholding taxes on building materials which includes cement and steel. In addition, the City’s deputy commissioner has notified a 4% reduction in stamp duty on property transactions. As a result of these flexibilities made in the real estate sector, the sale/purchase activity has spiked.Read: Historic relief for the Construction Sector...

Prime Minister Imran Khan has announced a historic relief to the construction sector of the country and decided to open the construction sector from 14th of April to facilitate the labour.Details of the incentive package announced for the construction sector:·        No Questions will be asked about the source of income from the investor who will invest in the construction sector this year.·        A fix tax regime will...

Federal Secretary for information Technology and Telecommunication Shoaib Ahmad addressed to the media that the Government has decided to set up a local Information Technology Sector under the China Pakistan Economic Corridor (CPEC). The summery is expected to be moved before the Federal Cabinet for approval in about month regarding this IT sector which will be formed of Pak-China Joint IT Working Group. Pakistan and China both are looking forward to extend the mutual cooperation fo...

Prime Minister Imran Khan addressed to media and talked about the completion of China Pakistan Economic Corridor as soon as possible so that we can avoid the cost further escalation.   Prime Minister Imran khan also mentioned that these projects are essential for the growth of our country’s economy as these projects provide more job opportunities. Some other projects were also discussed in this meeting with Prime Minister lie Karot Hydropower project, Power project in Thar and Gawa...

Real Estate stakeholders have asked the government to reduce the taxes on property transactions through budget 2019-20. Which will offset the ongoing pandemic caused by COVID-19 in real estate sector of the country.The negotiation on this request from stakeholders are under process between federal government and federal board of revenue (FBR). For a plot sold within 8 years of its purchase the CGT (Capital Gains Tax) is 20% so the realtors have suggested that the duration must be red...

Thailand consul General announced that his country and Pakistan would organize meetings of the joint economic commission which will enhance the economic relations.He also suggested that both countries would also conduct political consultations at secretary level. He addressed a business community at Faisalabad chamber of commerce and industry (FCCI) and expressed his satisfaction towards economic, diplomatic and political relations of Thailand and Pakistan. He also mentioned that Pa...

Federal Minister for planning and development, Asad Umar has recently conducted a meeting with British Government and asked them to invest in CPEC and explore more opportunities in other sectors of the country’s economy. The British High Commissioner Dr Christian Turner conducted this meeting with Asad Umar and highlighted the importance of direct investment in CPEC, in fact it is an investment in the special economic zones. In this meeting the bot personals discussed the cooperation betwe...

Usman Buzdar, Chief Minister of Punjab has recently briefed about the water reservoirs that they must be developed in the Lahore city to preserve rain water so it can be used effectively in future. He also said that the Punjab government will also establish surface water treatment plants to effectively use water and to reinforce the underground water table.He has also called a meeting in his office to further discuss the situation and to listen new proposals in this regard. He briefed in is...

Nevita, a Turkish real estate giant in the domain of construction and building is all set to make a visit to Pakistan in coming month of March to further expand the business terms with Pakistan.They are visiting Pakistan for a week and in this time period they will be in Karachi from 1st of March to 4th of March and after that they will visit Lahore till 7th of March. Turkey has already invested in many different sectors of Pakistan like energy, finance and infrastruct...

According to World Magazine which is one of the leading international business publications, Pakistan is the most affordable place in this world to live in while having a survey of about 132 countries. The results are based on 5 key matrices.·        Purchasing Power·        Cost of Living·        Eating out·        Groceries ·    ...

Lahore-Sialkot Motorway is all set to be fully operational very soon. This motorway line will connect Lahore and Sialkot via the eastern parts of the Punjab. This motorway route initiative will surely reduce the traveling time between these two cities with comfort. It will only take about 45 minutes from Lahore to Sialkot. Shafqat Mahmood (Federal Minister for Education) already had inaugurated the Sialkot-Lahore Bypass. This bypass is about 16.5 Km long and costed 11 Billion accompanyi...

PM Imran Khan was on a visit to Turkey where he met several Turkish investors and offered them opportunities to invest in Pakistan mainly in real estate. In response to the PM’s call to the Turkish investors, they are willing to invest in NPHP (Naya Pakistan Housing Scheme) as well as some other real estate projects.Read: PM Imran Khan to welcome Turkish InvestmentA group of Turkish Investors made a visit to the Islamabad Chamber of Commerce and Industry (ICCI). About 55,000 Turkish c...

PM Imran Khan stated that Turkish investment in Pakistan would be a great deal for the economic growth of Pakistan. PM Imran Khan was on a visit to Turkey where he addressed the media personals about the Turkish investment in Pakistan. PM Imran Khan also stated that the Government of Pakistan highly appreciates the upcoming foreign investment.Read: Turkish investors are all set to invest in NPHP PM Imran Khan also talked about the affordable housing schemes and presented them...

Punjab Parliamentary Secretary Adnan Choudhry stated that Prime Minister Imran Khan would initiate the Naya Pakistan Housing Scheme Rawalpindi. He also stated that the project will be initiated in April. Further, he also shared some of the details that the government had identified the land for the NPHP project. Read: Payment details of NPHP (Naya Pakistan Housing Program)CDA (Capital Development Authority) owns 1,008 Kanals of land in which 500 Kanals of Land will accommodate affordabl...

FDA (Faisalabad Development Authority) has announced the construction of a 70 Kilometers long circular Ring road. This ring road will cover the whole city and go around the whole city. This road will be built under a BOT mechanism which is Built, operator and transfer. FDA Director named General Muhammad Sohail also stated that formation of PC-1 for the ring road is initiated. He also stated that this project will facilitate the commuters to travel with more ease and access in just half...

CM Usman Buzdar stated while addressing the departments to prepare a Master Plan to efficiently manage and control the flow of traffic in the city. As the traffic condition is getting worst day by day so it is mandatory to control this chaos as the people of the city is facing many difficulties while the environment is also getting more polluted so this needs to stop. He also asked for immediate steps to implement while considering the Ferozpur Road, Jail Road, Mall Road and Canal Road to...

NADRA disclosed the statistical report regarding the applicants for NPHP. The statistical report shows the number of people applied and the percentage ratio of people belonging from different lifestyles. There are 1.98 million applications received according to the national database and registration authority (NADRA). ·         52% of the applicants belong to the proportion of people who live in rental accommodations.·     &nb...

The Development work is getting done very fast in Capital Smart City Islamabad. It is the right time to invest in this project as this housing project is going to be the project of your next generation with Guaranteed profit.The Main Gate is already put up at the entrance of the Smart City Islamabad. Further the development process is very fast as  Development process of overseas block is steadily going on.The development of Mosque in Overseas Block is also initiated.The construction o...