Pakistan News

    Innova Realtors Hyderabad Airport

  • Confusion over capital gains tax fate hitting both govt and realtors

    Since the FBR on July 1st had notified the imposition of 10 per cent CGT on the 100pc market price of any property sold within five years of the purchase to generate revenue from realtors, after the measure was introduced in the recent budget, both the seller and purchaser have been avoiding to get properties ownerships transferred, causing a sharp decline in the real estate business as well as government revenue...

  • FBR, realtors clinch property valuation deal

    New valuation tables have been issued for 10 cities in Punjab: Lahore, Rawalpindi, Jhelum, Gujranwala, Gujrat, Sialkot, Faisalabad, Multan, Rahim Yar Khan and Bahawalpur; three in Sindh: Karachi, Hyderabad and Sukkur; two cities each in Khyber Pakhtunkhwa and Balochistan: Peshawar and Abbottabad; and, Quetta and Gwadar...

  • Realtors, builders go back on DC-rate commitments

    When committee chairman Qaiser Sheikh allowed the realtors to highlight their woes, they contended that the sale and purchase of property had almost ground to a halt, while builders’ business was on the verge of collapse due to the newly imposed valuation rates...

    Incidentally, Federation of Pakistan Chambers of Commerce and Industry President Rauf Alam also made a case for realtors and builders, saying that there were heightened...

  • ‘Backtracking’ realtors demand amnesty scheme

    Speaking to the MNAs, realtors said the proposed scheme would net the government an additional Rs1 billion in revenue...

    PML-N’s Mian Abdul Mannan expressed his sympathy with the realtors and said that he had discussed the matter with Finance Minister Ishaq Dar and Adviser to the PM on Revenue Haroon Akhtar...

  • Valuation table: NA body chides realtors

    ISLAMABAD: Real estate agents of the country were told by the National Assembly body set up to negotiate with the realty sector not to behave like traders who violate their agreements with the government over taxation issues...

    “If we implement the tax rates that you are suggesting then all of you will be wailing the next day,” said the co-chair of the sub-committee of the NA’s standing committee on finance Mian Abdul Mannan at a meeting...
  • NA body recommends tax amnesty for realtors, builders

    ISLAMABAD: The National Assem­bly’s Standing Committee on Finance on Tuesday accepted the recommendations of a sub-committee to launch a tax amnesty scheme for the realty sector, despite opposition from the tax authorities and ruling party lawmakers...

    Committee chairman Qaiser Ahmed Sheikh, who also belongs to the Pakistan Muslim League-Nawaz, announced that the government intended to gradually lower tax rates on real estate...
  • Sectarian tension in Hyderabad localities subsides

    HYDERABAD: Residents of Gujrati Para, Gulshan-i-Hamid and some other localities held a protest demonstration after Juma prayers against some statements made by the prayer leader of the Jama Masjid Rais, located in neighbouring Gulshan-i-Rais, a couple of days back...

  • Murder, rape convict executed in Hyderabad

    A man convicted of rape and murder was executed early Tuesday morning at the Hyderabad Central Prison...

    This is the first execution to take place in Hyderabad since 2015, when two death-row prisoners convicted for the 1998 hijacking of a PIA Fokker were executed in Karachi and Hyderabad jails...

  • Anti-drugs rally held in Hyderabad

    HYDERABAD: A rally against drugs was taken out by a number of students of public and private schools and colleges along with scores of police officials on Thursday...

    According to a Hyderabad police spokesperson, district police launched the anti-drug campaign from Nov 17 to 23 in collaboration with the Crime and Human Rights Cell set up at Hyderabad SSP office...

  • Three-day Sufi festival gets under way in Hyderabad

    HYDERABAD: A three-day festival titled ‘Sindh Sufi melo’ was inaugurated by by Sindh Senior Minister for Food and Parliamentary Affairs Nisar Ahmed Khuhro in Hyderabad Club on Sunday...

    Senator Aajiz Dhamra, Auqaf Minister Ghulam Shah Jillani, PPP Hyderabad district president Saghir Qureshi and information secretary Ahsan Abro were among the prominent figures who were present...

  • MQM-P activist Dr Naushad shot dead in Hyderabad

    A sector in-charge of Muttahida Qaumi Movement-Pakistan (MQM-P), Dr Naushad, was shot dead by unidentified assailants in Hyderabad on Wednesday, DawnNews reported...

    Residents of the area called police after spotting his body, which was subsequently shifted to Liaquat University Hospital, Hyderabad...

  • Hyderabad GOC stresses importance of education, art

    HYDERABAD: Education is an inevitably significant source of development whereas art plays a role in character-building of the youth of the country...

    It was organised by the Institute of Art and Design (IAD), Univer­sity of Sindh (SU), Jamshoro, in collaboration with Pakistan Army 18 Division, Hyderabad, on the institute’s premises...

  • SHC summons Hyderabad jail chief in detention case

    HYDERABAD: The Sindh High Court Hyderabad circuit bench comprising Justices Mohammad Ali Mazhar and Shoukat Ali Memon on Tuesday directed the additional advocate-general (AAG) to ensure presence of the Hyder­abad central jail superintendent in court at 1pm on May 13...

    However, the bench asked him “to ensure that the jail chief attends the court in Hyderabad also on the next date of hearing”, observing that the matter was adjourned...

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