Pakistan News

    Patel Realty Smondo Gachibowli Hyderabad

  • FBR puts realty prices revaluation on hold

    Last year, new valuation tables were 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...

    Earlier, FBR was receiving a few billion from the realty sector owing to lower than market value rates of...

  • FBR in bid to resolve realty market crisis

    KARACHI/ISLAMABAD: While the Federal Board of Revenue (FBR) on Monday agreed to form a committee to determine a mechanism for fair valuation of property for the purpose of taxation, the uncertain situation has hit the real estate market in Karachi with investors being reluctant to strike new deals...

    The real estate market had witnessed an extraordinary growth after the Rangers-led targeted operation against militants, criminals and...
  • FBR, realty stakeholders agree on valuation formula

    ISLAMABAD: To bring an end to uncertainty in the real estate market, the Federal Board of Revenue (FBR) has agreed, in principle, with realty stakeholders on a formula to determine the value of property for the purpose of taxation...

    “We have reached an understanding on the issue in today’s meeting with realty stakeholders,” a tax official told Dawn, adding that a final decision on the matter would be taken in Thursday’s meeting... ...

  • Realty stakeholders, FBR to prepare new valuation formula for 18 cities

    ISLAMABAD: In a bid to resolve a serious crisis in the real estate sector, the Federal Board of Revenue and realty stakeholders on Thursday agreed to work out valuation tables of property in 18 cities for the purpose of taxation...

    The government and the industry stakeholders agreed in a meeting presided over by Finance Minister Ishaq Dar here to meet again on July 27 to match the valuation tables to be worked out separately by the...

  • Debutant Patel spins India to comfortable win

    HARARE: A superb spell of bowling on debut from young left-arm spinner Axar Patel helped India cruise to a 54-run victory over Zimbabwe in the first Twenty20 International here at the Harare Sports Club on Friday...

    Opener Hamilton Masakadza top-scored with 28 from 24 balls, before he became the first wicket for Patel...

  • This week 50 years ago: Patel Park to be named after Sardar Nishtar

    It was originally known as Patel Park, which, as a couple of history lovers have suggested, was named after the Congress leader Vallabhbhai Patel...

    So, when was Patel Park rechristened? Well, on Nov 9, 1965 the Karachi Metropolitan Corporation (KMC) called a meeting of its top officials, chaired by the corporation’s vice chairman Hafiz Mohammad Habibullah...

  • PPP leader Patel granted bail

    KARACHI: Pakistan Peoples Party leader Abdul Qadir Patel, who is a suspect in a terrorism case against former federal minister Dr Asim Hussain, was on Friday granted pre-arrest bail by an Anti-Terrorism Court (ATC-II) for one week a day before his meeting with Rangers officials who summoned him for interrogation related to cases against former petroleum minister Dr Asim Hussain...

    “I am scheduled to meet the Rangers tomorrow...

  • Ex-PPP lawmaker Qadir Patel grilled to trace links with Lyari gangs

    KARACHI: The Pakistan Rangers, Sindh, grilled former Pakistan Peoples Party (PPP) legislator and Karachi president Abdul Qadir Patel for nearly eight hours on Thursday to trace his alleged links with Lyari gangs and evidence of his role in facilitating medical treatment of suspected gangsters allegedly at the hospitals owned by Dr Asim Hussain, former federal minister and close aide of former president Asif Ali Zardari...

    Though there...

  • Patel replaces injured Ansari in England Test squad

    LONDON: England have called up spin-bowling all-rounder Samit Patel in place of the injured Zafar Ansari for the Test series against Pakistan in the United Arab Emirates, the England and Wales Cricket Board (ECB) said on Wednesday...

    Patel, 30, has played five Tests, the last one against India in 2012...

  • In Gujarat, Modi faces more than a Patel problem

    An influential community — the Patidar caste, more commonly known as Patels because of the last name many hold — has rallied behind 22-year-old firebrand Hardik Patel to demand guaranteed places (‘reservations’) in the government bureaucracy and educational institutions...

    Patel’s temporary arrest earlier in the week set off riots; the army has since practically shut down several major cities...

  • Spinner Patel stars as SL lose ground in Galle Test

    GALLE: Left-arm spinner Ajaz Patel became the first New Zea­lander to claim a five-wicket haul in Galle as the tourists restricted Sri Lanka to 227 for seven at stumps on day two of the first Test on Thursday...

    Sri Lanka were well placed on 143-2 just before tea when Patel — playing just in his sixth Test — had Kusal Mendis caught by Ross Taylor at slip...

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