SC Grants Interim Relief For Deemed Income Tax on Real Estate Properties

On Wednesday March 22, 2023, Pakistan’s Supreme Court granted temporary relief against a 20 percent property income tax, which would partially reduce revenue collection, as tax officials have nine months to meet the revenue target. A week before the target was to achieve by the FBR. However, Supreme Court of Pakistan puts restrictions on the Income Tax on Real Estate Properties to give time.

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Top Five Localities for Buying an Apartment in Rawalpindi

Rawalpindi is one of rapidly growing cities in Pakistan. Federal government employees and business persons from other parts of the country consider Rawalpindi comparatively affordable than Islamabad Capital Territory (ICT). So, housing potential in this city is increasing. Rawalpindi has a number of areas that are suitable for buying apartments. Here we bring Top Five Localities for Buying an Apartment in Rawalpindi. Our online property portal has enabled us to list these five areas in Rawalpindi to purchase or rent a flat.

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Khatam Un Nabiyeen (SAW) University in Lahore

Punjab Chief Minister Chaudhry Parvez Elahi while speaking at the inauguration ceremony of Pakistan’s first Khatam-ul-Nabiyeen University in Lahore and laying the foundation stone of Khatam-ul-Nabiyeen and Jamia Masjid. A hostel will also be built in Khatam-ul-Nabiyeen University. Chaudhry Parvaiz Elahi has done many religious and welfare works as the Chief Minister of Punjab. Elevation of religion and public welfare is their motto. The establishment of Khatam-ul-Nabiyeen University is also a link in this chain.

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Is An Apartment To Live Much Easier Than Owning A House?

The decision to choose between buying a house or renting an apartment depends on individual circumstances and preferences. Both options have their own advantages and disadvantages. However, as per the economic situations in Pakistan, buying a plot then constructing a house on it has become very challenging. The question, is An Apartment To Live Much Easier Than Owning A House? requires typical analysis and market health. Real estate analysts and property experts of Nexthome.pk see it as otherwise prospective. Following we discuss how apartments are leveraging than owing a house especially in Mega cities.

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Plans to operationalize Bhara Kahu Bypass Soon: Federal Government

The Bhara Kahu Bypass is a proposed road project located in the outskirts of Islamabad—the capital territory (ICT). The project is planned to reduce traffic congestion on the existing roads. By providing an alternate route for commuters traveling to and from Islamabad for daily commute. The project has been In the planning phase for several years, and the federal government has shown its commitment to operationalize it soon. However, the actual timeline for the project’s completion and Plans to operationalize Bhara Kahu Bypass had depended. On various factors such as funding, construction progress, and regulatory approvals.

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Pakistan’s 1st digital Housing Census to Start In March

Pakistan conducted the last national census in 2017, which was conducted using a mix of traditional paper-based and digital methods. It was the Pakistan’s 1st digital Housing Census, and it involved the use of tablet computers and other digital devices for data collection. However, the ongoing census in March, 2023 will be Pakistan’s First Ever Pure Digital Census. Census is a vital tool for Pakistan to collect accurate and comprehensive data on their population, households, and living conditions. Read more “Pakistan’s 1st digital Housing Census to Start In March”