When Pakistan real estate got a jolt

The realty sector, one of the major investment avenues suffered a huge setback in the middle of 2016 after the federal government decided to determine the fair market value of properties being bought and sold by people and collect taxes accordingly. The first six months of the calendar year were …

Pakistan’s Tax Policy Scaring off Investors

KARACHI, 16 September 2016: Pakistanis living overseas are a key contributor to the real estate economy in the country but are recent tax changes discouraging these invaluable investors? After four years of acting like a bull, the real estate market in Pakistan appears to be cooling down, according to analysts …

Pakistan Property transfer business nosedives since last budget

The business of property transfers has nosedived since the announcement of the new evaluation system and imposition of fresh taxes on real estate sector in the budget for 2016-17. Property dealers told The Nation on Sunday that the new system introduced by the federal government had totally halted registration of …

FBR empowered to carry out property price evaluation

Pakistan government on Monday implemented new rates of taxes, through a presidential ordinance with immediate effect, which will apply to new valuation tables for the purpose of taxation of property in major cities. The ordinance empowers the Fed­eral Board of Revenue (FBR) to determine the fair market value of properties …

Stakeholders against affordable housing

By Adnan Adil In the absence of any regulatory mechanism by the government and a dysfunctional judicial system, the land property mafia has ripped off the middle-class Our newly rich property magnates keep making quite a splash by building grand mosques and flaunting their charity works. These shows of riches …