Archives: June 2017

Pakistan property market now and in the future

Pakistan property market now and in the future Pakistan real estate property sector is stagnant since the introduction of new property taxes in budget 2016-17. The government imposed heavy taxes on sale and purchase of properties. Even the introduction of property tax amnesty scheme has failed to uplift the stagnant property market. In the latest…

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Lahore Ring Road SL 3 Project Approved

Lahore Ring Road SL 3 Project Approved The government of Punjab has approved the Lahore Ring Road SL 3 Project under PPP mode. The construction of SL-I & SL-II is underway and both will be opened for the traffic on 14th of August 2017. Southern Loop III, SL-III, will be 8.5 Kilometers long and it…

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Punjab Assembly finance bill and property tax

Punjab Assembly finance bill and property tax Punjab assembly has passed the finance bill 2017. According to this bill all provincial taxes on purchase of property have been incorporated in stamp duty. So instead of paying the separate registry fee, stamp duty and capital value tax, buyer will just pay the stamp duty. Buyer has to…

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Effects of budget 2017-18 on real estate sector

Effects of budget 2017-18 on real estate sector Effects of budget 2017-18 on construction sector ABAD and builders are at advantage Association of Builders and Developers of Pakistan (ABAD) and builders are at advantage as construction taxes imposed in the last budget have been withdrawn. In the last budget construction taxes were imposed according to…

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