Dubai's national airline is well-known for its playful April Fool's Day pranks. In 2024, they announced a new project for Emirates Residences, a massive 380-floor tower. They said it would completely change the city's skyline. Situated in the heart of Dubai, this skyscraper seeks to blend the realms of luxury housing and aviation, providing its residents with an unparalleled...
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...
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...
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...
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 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,...
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...
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...
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...