FBR, realtors clinch property valuation deal

ISLAMABAD: The Federal Board of Revenue (FBR) and realty stakeholders on Saturday agreed on new valuation tables — for the purposes of taxation — of property prices in major cities of the country. Both sides also agreed on new tax rates, and the FBR accepted suggestions on the process of …

NATIONAL SAVINGS AND FEDERAL OMBUDSMAN

PRACTICAL SIDE OF THEIR LOVE FOR OVERSEAS PAKISTANIS   Muhammad Javed A news item appeared in the newspapers, how a meeting was held in the Federal Ombudsman’s Secretariat as a follow up to see the implementation progress on a recommendatory report prepared by a special committee.  The Director General, National Savings …

OPC Punjab offers low-risk investment opportunities

Commissioner Overseas Pakistanis Commission (OPC) Punjab Afzaal Bhatti has said that Punjab Province offers most lucrative and low-risk opportunities for investors specially in the field of energy, agriculture, livestock & dairy development, mines & minerals, tourism and infrastructure. According to the spokesperson of the OPC during a meeting with Ambassador …

Two UK-Pakistani organizations win global award

LONDON: In the recently held Global Good Governance (3G) Awards in Istanbul at Global Donors Forum 2016, to everyone’s surprise, two British Pakistani organisations won international acclaim for their ground-breaking work. World Congress of Overseas Pakistan, a social enterprise making significant gains in harnessing the potential of the 7th largest …

CM approves Lahore Ring Road Southern Loop

Chief Minister Shahbaz Sharif presided over a meeting of Lahore Ring Road Council, here on Friday, which approved Lahore Ring Road Southern Loop Phase-III.  Addressing the meeting, Shahbaz Sharif said that work should immediately be started on Southern Loop Phase-I and Phase-II and be completed within stipulated period. He said …

RDA decides action against illegal housing schemes on Adiala Road

Rawalpindi – Rawalpindi Development Authority has decided to take action against illegal housing schemes/farm houses on Adiala Road which are operating without obtaining formal approval from the RDA. The director metropolitan planning and traffic engineering (MP&TE) directed owners of Ideal Farm Houses, Safari Green Farms and Gulshan-e-Farzand Housing Scheme to …

Lahore Cantonment Board appoints focal persons for overseas Pakistanis

 LAHORE: The Lahore Cantonment Board (LCB) and Walton Cantonment Board (WCB) have appointed focal persons to redress grievances of overseas Pakistanis in their respective jurisdictions. The decision in this regard was taken in a meeting between OPC commissioner Afzaal Bhatti and Cantonment Executive officers (CEOs) of both boards. Additional CEO Haider …

Pakistan real estate sector fares well during Q1-16

Lahore: The calendar year 2016 kicked off on the right note, with Pakistan’s real estate sector adhering largely to positive trends. Nearly all major localities showed growth during the first quarter (Q1) of the year and the drops that were observed were few and far between. Property rates in Punjab’s …