The Prime Minister said that the Second Phase of CPEC will be Agreed Upon Soon

The Prime Minister said that the Second Phase of CPEC will be Agreed Upon Soon

The Prime Minister announced that China and Pakistan will soon sign the China-Pakistan Economic Corridor (CPEC) Phase 2 agreement. This upcoming phase will focus on the establishment of economic zones across the country to boost economic activities, along with initiating the construction of the ML-I Railway Project. According to the Prime Minister, this advancement in the CPEC...

CDA Imposes a Property Tax of up to Rs. 0.4 Million for Landowners

CDA Imposes a Property Tax of up to Rs. 0.4 Million for Landowners

Recently, the Capital Development Authority (CDA) declared the roll-out of new taxation measures for property holdings in Islamabad. According to an official release from the authority, proprietors of 140-square-foot lands situated within different zones and residential developments, including Shehzad Town, Margala Town, and Rawal Town, are now required to fulfill a tax...

Best Off-plan Projects in Dubai for Investment in 2024

Best Off-plan Projects in Dubai for Investment in 2024

Dubai, known for its luxurious lifestyle, cutting-edge designs, and towering buildings, continues to be a prime location for those looking to invest in property. With the arrival of 2024, the city's iconic skyline is about to welcome new off-plan projects. These projects are not just about luxurious homes but are also seen as ideal opportunities for investors worldwide. In this...

CDA Fake Plot Allotment Under Investigation – Establishment Division

CDA Fake Plot Allotment Under Investigation – Establishment Division

The Capital Development Authority attracted attention as many officials in various departments began to be investigated by the Establishment Division, suspected of being involved in scandals related to the allocation of land plots. The establishment department is leading the investigation of SIDRA Anwar. In addition, the 18th grade officer of the Pakistan Administrative...

Abu Dhabi Witnesses $23.7 Billion Worth of Real Estate Transactions in 2023.

Abu Dhabi Witnesses $23.7 Billion Worth of Real Estate Transactions in 2023.

Abu Dhabi experienced an exceptional surge in its real estate market in 2023, with transaction values skyrocketing to AED 87.1 billion ($23.7 billion), marking a massive 159.5% enhancement from the year prior. The volume of trades, including purchases, sales, and mortgages across the sector, saw an uplift of 12.2%. The total number of transactions concluded reached 22,751,...

The IMF Urges Pakistan To Impose Taxes on Cryptocurrency and Real Estate.

The IMF Urges Pakistan To Impose Taxes on Cryptocurrency and Real Estate.

Negotiations between Pakistan and the IMF on a $3 billion standby agreement by March 18, 2024, are expected to be signed. However, the IMF has requested that Pakistan introduce a capital gains tax (CGT) on investments in cryptocurrency and real estate as a condition of the agreement. As per the local media reports, the IMF recommended imposing taxes on new financial...

Petrol prices are expected to drop starting March 16th

Petrol prices are expected to drop starting March 16th

As per the news sources, petrol prices will decrease on March 16. The newly formed federal government plans to adjust Pakistan's gasoline and diesel rates. Starting in the second half of March 2024, a new oil rate will be released on March 15th. There is a rumor that the government will lower the price of RS's gasoline. 5 per liter, diesel by Rs. 4.81. The new rate starts...

CDA Approves Pakistan’s Largest IT Park in Islamabad

CDA Approves Pakistan’s Largest IT Park in Islamabad

The construction of Pakistan's largest IT park in Islamabad has received the green light from the Capital Development Authority (CDA), signifying an essential development in the technological progression of the city. Located in the G-10 Sector, this ambitious project occupies an extensive area of 3.3 acres and aims to revolutionize the IT sector in Islamabad. With a vast...

China Rolls Over $2 Billion Loan to Pakistan

China Rolls Over $2 Billion Loan to Pakistan

As per the news reports, China has provided $2 billion in loans to Pakistan. However, China has agreed to extend the term of the $2 billion loan in line with current domestic conditions. According to the unofficial indication from China, the loan repayment schedule will be extended. Moreover, the loan will now be delayed pending official confirmation from the Finance...


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