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The Impact of Section 7E on Real Estate Transactions in Pakistan

By Jahanzaib Shakeel,

The Impact of Section 7E on Real Estate Transactions in Pakistan

The implementation of Section 7E on real estate properties has created a chaotic turbulence pertaining to the new tax on deemed rental property income. A concerning impact of Section 7E on Real Estate Transactions in Pakistan. July 2023 has had a perplexity with significant repercussions on the real estate sector in Pakistan. Nexthome.pk keeps an eye on the aftermath of this provision on property registrations and transfers. Our analysts found the facts that Federation of Realtors Pakistan (FORP) has discussed during the meeting of the National Assembly Standing Committee on Finance. Read more “The Impact of Section 7E on Real Estate Transactions in Pakistan”

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Ring Road RDA Signs Consultation MoU With Turkish Firm

By Jahanzaib Shakeel,

Ring Road RDA Signs Consultation MoU With Turkish Firm

Rawalpindi and Islamabad—twin cities are expanding rapidly. So, to cope with increasing traffic congestion for Ring Road RDA signs consultation MoU with Turkish firm. So, ICT is to witness a groundbreaking transformation as the government takes a significant step towards the development of the Rawalpindi Ring Road. The signing of a Memorandum of Understanding (MoU) with a prominent Turkish firm marks a turning point in this ambitious infrastructure project. It will be a promising move to alleviate traffic congestion. This enhances economic growth to enhance the overall quality of life for millions of residents. Read more “Ring Road RDA Signs Consultation MoU With Turkish Firm”

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LDA Commences Construction Work on Structure Plan Road

By Jahanzaib Shakeel,

LDA Commences Construction Work on Structure Plan Road

For better road infrastructure LDA commences construction work on Structure Plan Road. The project will embark on ambitious structure plan road construction. In a monumental step towards urban development, the city’s planning authority, Lahore Development Authority (LDA), has officially started construction work on the highly anticipated Structure Plan Road. This ambitious project is set to redefine the city’s infrastructure. It will create new avenues for progress and connectivity. With a vision to build a modern and sustainable cityscape, the LDA’s initiative is a testament to its commitment to shaping a brighter future for Lahore’s residents. Let’s discover the significance and potential impact of this transformative venture. Read more “LDA Commences Construction Work on Structure Plan Road”

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Pakistan, Denmark to Collaborate For Climate-resilient Green Energy Infrastructure

By Jahanzaib Shakeel,

Pakistan, Denmark to Collaborate For Climate-resilient Green Energy Infrastructure

In a historic move towards fostering a sustainable future, Pakistan, Denmark to Collaborate For Climate-resilient Green Energy Infrastructure towards nature preserving. This collaboration marks a significant step in addressing the global challenges posed by climate change and signifies a shared commitment to creating a greener, more resilient world. By combining their unique strengths and expertise, the two nations aim to accelerate the transition to renewable energy sources. Read more “Pakistan, Denmark to Collaborate For Climate-resilient Green Energy Infrastructure”

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ECC Approves PKR 9.5bn Guarantee For Hyderabad-Sukkur Motorway

By Jahanzaib Shakeel,

ECC Approves PKR 9.5bn Guarantee For Hyderabad-Sukkur Motorway

For Sindh Development projects The Economic Coordination Committee ECC approves PKR 9.5bn guarantee for Hyderabad-Sukkur Motorway. The committee gives off the green light for the construction of the much-longed Hyderabad-Sukkur Motorway. With the official approval of a government guarantee worth PKR 9.5 billion this project. This significant decision was made during a crucial meeting of the ECC on June 5, 2023, chaired by none other than the esteemed Finance Minister, Ishaq Dar. Read more “ECC Approves PKR 9.5bn Guarantee For Hyderabad-Sukkur Motorway”

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Pakistan & Azerbaijan to Enhance Aviation, Trade, Energy Cooperation

By Jahanzaib Shakeel,

Pakistan & Azerbaijan to Enhance Aviation, Trade, Energy Cooperation

Strengthening Bilateral Ties Pakistan & Azerbaijan to enhance aviation, trade, energy cooperation to forge New Horizons of relations. The meeting between Prime Minister Shehbaz Sharif of Pakistan and President Ilham Aliyev of Azerbaijan in Baku on June 15, 2023, marked a significant step towards strengthening the bonds between the two nations. Read more “Pakistan & Azerbaijan to Enhance Aviation, Trade, Energy Cooperation”

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DHA Quetta extends EOI-submission deadline for ‘OFC Network Design & Supervision

By Jahanzaib Shakeel,

DHA Quetta extends EOI-submission deadline for ‘OFC Network Design & Supervision

Management of Defense Housing Authority (DHA) aims at ensuring a state-of-the-art communication infrastructure in Quetta. For this DHA Quetta extends EOI-submission deadline for ‘OFC Network Design & Supervision. In joint briefing DHA Balochistan has announced the extension of the Expression of Interest (EOI) submission deadline for the ‘OFC Network Design & Supervision’ project. Read more “DHA Quetta extends EOI-submission deadline for ‘OFC Network Design & Supervision”

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Punjab’s Interim Government to Impose Tax on Rental Properties

By Jahanzaib Shakeel,

Punjab’s Interim Government to Impose Tax on Rental Properties

After a hot-debate in Punjab Assembly, the Punjab’s Interim Government to Impose Tax on Rental Properties. The decision was made after nine years. Punjab’s interim government has given the green light to the property tax assessment across the province likely impose immediately. According to a report published in Daily The News on Monday, the cabinet has approved a new valuation table for property tax based on current rents. Read more “Punjab’s Interim Government to Impose Tax on Rental Properties”

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Rising Construction Costs Hit Development Projects in Pakistan

By Jahanzaib Shakeel,

Rising Construction Costs Hit Development Projects in Pakistan

Pakistan, a country with a burgeoning population and a pressing need for infrastructural development, has been struggling with a significant challenge in recent times Rising construction costs hit development projects. As urbanization continues to rise and the demand for modern infrastructure escalates, construction expenses have surged. This article discovers the factors behind the escalation of construction costs and its impact on Pakistan’s development initiatives. Read more “Rising Construction Costs Hit Development Projects in Pakistan”

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Common House Construction Problems in Pakistan and their Solutions

By Jahanzaib Shakeel,

Common House Construction Problems in Pakistan and their Solutions

Common house construction in Pakistan is a dynamic challenge that roots in a unique blend of traditional craftsmanship and unprofessional engineering practices. As the country continues to experience rapid urbanization and population growth. Common House Construction Problems demand for housing and construction has soared. However, this surge in construction activities has also brought a range of common construction problems that plague homeowners and builders alike. Nexthome.pk tries shed light on some of the most prevalent home construction issues in Pakistan and explore possible solutions to address them. Read more “Common House Construction Problems in Pakistan and their Solutions”

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