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Archives: July 2016

Pakistan property tax 2016

Pakistan property tax 2016 Property taxes in Pakistan were amended in the annual budget 2016-17. These amendments and property taxes were then passed by the parliament. But real estate stakeholders rejected the new amendments. The government, FBR and real estate stakeholders decided to negotiate and finalize the property taxes in Pakistan. After weeks of discussion…

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Pakistan property prices are about to crash

Pakistan property prices are about to crash History of property boom and bust in Pakistan From 1947-2002, Pakistan real estate sector was never considered as an investment hotspot. The first real estate boom in history of Pakistan was observed from 2003 to 2005. In 2005 prices were so high that common Pakistanis were unable to…

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New property tax system is blessing for genuine buyers

New property tax system is blessing for genuine buyers Pakistan new Property Tax evaluation system 2016 In Pakistan, taxes on real estate transactions are applied according to DC rates which are much lower than the original market prices of properties. The government of Pakistan has changed this procedure in 2016. According to the new procedure…

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Orange Line Metro Train Lahore

Overview of Orange Line Metro Train Lahore Orange Line Metro train is the under construction project in Lahore by the government of Punjab with Chinese assistance. Orange Line Metro Train is the new chapter by Punjab Government to provide efficient public transportation for provincial capital Lahore. After the great success of Lahore Metro Bus Service…

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Pakistan needs simple property tax formula

Pakistan needs simple property tax formula Pakistan is the country with severe shortage of housing. Housing shortage has reached an alarming mark of 10 million. Pakistan needs 1 million new houses every year to cover the housing need, but we are building just 3-4 lac houses every year. To solve this housing crisis in Pakistan…

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