The category includes the blogs relating to the real estate and realted sectors in Pakistan
Islamabad – March 24, 2025: The IMF declines to reduce tax on property, opposed to Pakistan’s request to lower taxes on real estate transactions, confirming that there will be no tax relief on property from April 2025. The Federal Board of Revenue (FBR) had sought a 2% reduction in withholding tax for property buyers, but…
Islamabad, March 22, 2025 – The International Monetary Fund (IMF) has agreed, in principle, to provide tax relief on property transactions in Pakistan. Effective April 2025, the 2% withholding tax reduction will apply to property buyers, while the tax rate for sellers will remain unchanged. The IMF has also approved collecting PKR 1,257 billion from…
Property transactions in Punjab are becoming more challenging as GoP imposes 5% penalty on property buyers in Punjab for non-banking property transactions. The authorities has started the crack down on non-banking transactions to improve tax compliance and transparency in the real estate sector. Buyers and sellers of immovable properties now face a 5% penalty if…
The Punjab government has launched a groundbreaking initiative to address the housing crisis in the province and has decided to distribute 3 marla plots and interest free loans for house construction to deserving families under the “Apni Chhat Apna Ghar” program. This ambitious scheme, approved by Punjab Chief Minister Maryam Nawaz Sharif, aims to make…
Understanding the difference between property registry/registration Vs mutation is crucial. While the registry legally transfers ownership, mutation updates land records to reflect the new owner. زمین کے سودے میں “رجسٹری” اور “انتقال” دو مختلف مراحل ہیں جو ملکیت کی قانونی حیثیت اور ریکارڈ کو محفوظ بنانے کے لیے اہم ہیں۔ ان دونوں کے درمیان فرق درج ذیل ہے:…
The Government of Punjab has introduced property mutation automation in Punjab Land Revenue Department, streamlining the process for citizens. As of October 30, 2024, upon completing a property registration, the mutation is automatically recorded in the official land records. This advancement eliminates the need for property buyers to separately apply for mutation, thereby saving time…
ISLAMABAD – The Federal Board of Revenue (FBR) is gearing up to significantly raise in immovable property valuations, with an expected increase of up to 75% of current market values. Present Status to Raise in Immovable Property Valuations As per media reports, the much-awaited notification regarding these revised property values, which had faced delays, is…
DHA Multan (Defence Housing Authority Multan – DHAM) is a premium residential and commercial real estate project in Multan, Pakistan. Known for its modern infrastructure, world-class amenities, and strategic location, DHA Multan offers a luxurious lifestyle with state-of-the-art security, educational institutions, recreational facilities, and investment opportunities. DHAM is in the development phase and this process…
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