Auction of Zulfi Bukhari’s Property Set Following £190 Million Corruption Case Attock – The Assistant Commissioner of Jand has announced that the property of former federal minister and Pakistan Tehreek-e-Insaf (PTI) leader Zulfi Bukhari will be auctioned on October 1 at 11 a.m. at the Jand Municipal Office, officials confirmed. Bukhari, already declared a proclaimed […]
IHC Strikes Down Property Tax Hike Notifications ISLAMABAD – The Islamabad High Court (IHC) has approved petitions challenging a recent increase in property taxes, declaring that the Metropolitan Corporation Islamabad (MCI) cannot enforce the hike. Justice Mohsin Akhtar Kayani gave the ruling while hearing petitions filed by Munir Chaudhry and Ahmed Hassan Rana. The case […]
Peshawar Property Valuations Revised in Over 5,000 Areas Under New DC Rates PESHAWAR – Authorities have implemented revised Deputy Commissioner (DC) rates across more than 5,000 localities in Peshawar, significantly altering property valuations in both urban and rural areas. The updated valuation list, issued on Thursday, affects residential and commercial zones including Hayatabad, Zaryab Colony, […]
The resolution stated that Prince Karim Aga Khan rendered great service in the fields of health and culture in Sindh. All of Prince Karim Aga Khan’s properties will be transferred to the Aga Khan Jamaat and its new leader Prince Rahim Aga Khan, the resolution stated. The resolution also mentioned that no legal documents or […]
According to sources, the proposed measure could raise the CGT rate on property sales by 20 percent, potentially escalating from the existing 15 percent to as much as 35 percent. This adjustment aims to bring real estate taxation in line with corporate sector rates, addressing the sector’s untapped revenue potential. The proposal emerged during the […]
Chairman of the Association of Builders and Developers of Pakistan (ABAD), Hasan Bakshi, expressed gratitude to the government for removing the FED, calling it a positive step for the country’s construction industry. He urged further relief, calling for reductions in taxes under Sections 236C and 236K of the Income Tax Ordinance, 2001, and proposed easing […]
The Ministry of Housing has submitted its proposals to the Federal Board of Revenue (FBR) as the Prime Minister aims to boost employment opportunities through the sector’s recovery. According to the recommendations finalized by the ministry, citing sources, non-filers will be allowed to purchase property worth up to Rs 10 million. Reduction in tax rates […]
The Lahore High Court has ruled that non-Muslims cannot inherit property from their Muslim relatives under Islamic law. The case revolved around a land dispute in Gojra, where a Muslim grandson challenged the inheritance rights of his Ahmadi relative, arguing that Islamic law does not allow non-Muslims to inherit from Muslims. Justice Chaudhry Muhammad Iqbal […]
According to the proposed amendment, non-taxpayers will be barred from opening bank accounts, purchasing vehicles above 800cc, and buying property above a certain limit. Additionally, non-taxpayers will not be allowed to make transactions above a certain threshold, and their bank accounts will be frozen if they fail to register for sales tax within two days. […]
Pakistan like many other countries has faced a significant property crisis over the years This has led to many challenges for both potential homeowners and investors contributing to socio-economic inequality and hindering overall economic development. The increasing trend of urbanization in Pakistan is one of the primary reasons for the property crisis. Major cities like […]
