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 […]
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 obligation amounting to […]
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 Service and […]
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 […]
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 […]
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. […]
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 […]
The Chairman of Punjab’s Planning & Development Board (P&D), Iftikhar Ali Sahoo, recently visited the Punjab Central Business District Development Authority (PCBDDA). The objective of this visit was to chair a meeting focused on the region’s growth and development. The meeting’s agenda was to hold productive dialogues regarding ongoing and potential future projects, the foundation […]
According to the latest update, the Punjab PDWP has approved six development schemes and projects for various districts of Punjab. As per the most recent update, six development proposals, including emergency services, sports, roads and bridges, and irrigation sectors, are listed and have been approved by the P&D (Planning and Development Committee). Read More: Construction […]
The FBR (Federal Board of Revenue) has informed the IMF (International Monetary Fund) about the new tax policy. This includes a comprehensive strategy to register one million non-filers income tax returns using the Board’s central database and third-party data. The first meeting, which took place at the Ministry of Finance, was attended by the IMF […]
