KARACHI: Representatives of the estate sector have feared that the government’s tax collection is likely to come down in the coming months as activities in the sector have virtually come to a standstill due to higher tax rates and new valuation tables...
Pakistan Real Estate Industry Forum (PREIF) President Shaban Elahi and General Secretary Ghazanfer Mehboob said if genuine demands of the realtors were accepted and timely action was...
KARACHI: Almost 90 per cent of real estate business has collapsed due to double valuation, raising tax by 100 per cent along with new valuation, and harassment of real estate agents and new buyers by the Federal Board of Revenue during the last six months...
Remaining 10pc business is also feared to close down if government does not take cognisance of this issue, President Defence and Clifton Association of Real Estate Agents Raja...
ISLAMABAD: Even though improvements have been introduced in reporting requirements for real estate sector through the Designated Non-Financial Business and Professions (DNFBPs) initiative, a lot of transactions in the sector still take place in the grey area, which may pose serious challenges to the system...
He explained that the Federal Board of Revenue (FBR) and other institutions working closely with the Financial Action Task...
ISLAMABAD: The Federal Board of Revenue (FBR) on Tuesday issued the notification announcing the newly set property prices in Islamabad and Karachi...
According to the FBR notification the prices of plots in the federal capital have been increased from Rs22,000 to Rs56,000 per square yard in Sector-7...
Haider lives in the G10 residential district of Pakistan’s capital city of Islamabad — and like many households in the city, his only gets water from the mains three to four hours a day...
Ahmed Ali, a resident of Gawalmandi in Islamabad’s twin city Rawalpindi — around 13 kilometres south of Islamabad’s centre — faces similar problems...
ISLAMABAD: The Asian Development Bank (ADB) has finalised a road map for attracting private-sector investment from both domestic and international investors in the mineral sector of Pakistan, especially in Balochistan...
The road map, contained in the final report which has been prepared at the completion of a small-scale policy and advisory assistance, has been designed to help the federal government and Balochistan manage and...
ISLAMABAD: The Islamabad Chamber of Commerce and Industry (ICCI) on Tuesday urged the government to rationalise taxes on real estate sector that will help in boosting the economy...
Addressing a delegation of Islamabad Real Estate Agents Association, ICCI president Muzzamil Hussain Sabri said the government should give preferential treatment to real estate sector which has the potential to speed up the growth of economy...
Late last month, the issue came under the spotlight at a workshop on ‘application of real estate indices in Islamic financial institutions’ organised by the Centre for Excellence in Islamic Finance, IBA in Karachi...
The workshop was conducted by Dr Sheharyar Bokhari, a PhD in real estate and urban studies and a researcher at MIT Centre for Real Estate...
Pakistan has emerged as the third largest real estate investor in Dubai, reveals Dubai Land Department (DLD), citing data spanning 18 months — from January 2016 to June 2017...
According to the details, shared by DLD on social media, Pakistani nationals have made 5,398 real estate transactions pumping about AED7 billion in Dubai's real estate sector...
Read: PTI raises questions about investments in Dubai real estateThe committee was not satisfied with the FBR's response, and forwarded the matter to the Federal Investigation Agency (FIA)...
On the other hand, State Bank officials clarified before the committee that no one had sought proper permission from them for investment in Dubai real estate...
ISLAMABAD: A parliamentary panel probing around $8 billion investments in real estate by Pakistanis in Dubai has witnessed deadlock leading to serious arguments among its members amid lack of cooperation by government departments...
The sub-committee was set up after Mr Umar pointed out that the Dubai Land Authority had issued a press statement highlighting that in the past four years Pakistanis had invested around $8bn in the real...
”I spoke to an estate agent in Phase 4 D...
The process of moving is tiresome in any part of the world, but finding a decent home is especially difficult in Pakistan, and requires following estate agents around across town, who ride ahead on their motorbikes...
Pakistan's first real estate investment trust’s initial public offering by the Arif Habib Group in partnership with the Dolmen Group is expected to bring the so far capital-intensive real estate investments within the reach of retail investors...
These investments would be highly liquid, as the shares of the REIT would be traded on the Karachi Stock Exchange The investors would expect to get not only decent dividends, based on rental...
The details of the sale were written on the letter pad of an estate agency called ‘First Choice’...
WeWork, with a whopping valuation by investors of $20 billion, has taken the lead in the co-working space and in the process is disrupting the office and real estate market...
“They don't want to be a real estate company because real estate's old and boring, whereas they want to be new and hip,” King said...