Challenges are piling up in Punjab. All comes down to property tax. The province has lost billions of rupees in its property tax revenue over the last year. What it has to do with numbers is not all. In other words, it’s about losing out – missing out on investors, becoming less efficient and losing…
Lahore, known for its historical significance and cultural vibrancy, has become a hotspot for real estate development in recent years. The city’s strategic location and rapid urbanization have attracted a wide array of investors, both local and international. The market’s dynamics are heavily influenced by government policies, which can serve as catalysts for growth or…
The Capital Development Authority (CDA) has implemented a new property tax in Islamabad, imposing charges of up to Rs. 0.4 million. This tax affects various property types, including residential houses and farmhouses. For instance, owners of one-kanal houses will now face a tax of Rs. 180,800, while farmhouses ranging from 2 to 120 kanals are…
The recent budget for the fiscal year 2024-25 introduced significant changes to the duty rates on property transfers in Pakistan, aimed at increasing revenue and regulating the real estate market. Here’s a breakdown of the new rates and measures: Duty Rates on Property Transfers The new duty rates have been categorized based on the taxpayer…
