Monthly Archives: June 2013

Action against illegal housing societies in Rawalpindi 3

The City District Government Rawalpindi (CDGR) has chalked out an effective plan to take legal action against owners of phoney and illegal housing societies existing in the suburbs of Rawalpindi. The plan has been chalked out on the directions of Punjab Chief Minister Shahbaz Sharif, as he received a large […]

Opening of two new residential sectors in Islamabad 3

Capital Development Authority (CDA) is expected to generate over Rs11 billion from opening of two new residential sectors C15-C16 during the fiscal year 2013-2014. A senior official of the CDA told ‘The News’ that it would be difficult for the civic body to meet its budgetary target for the coming […]

Lahore real estate updates June-2013

Lahore’s real estate market has marched to new highs during the last three months. After a consistent increase in recent years, rent of properties and prices of land have hit the peak with more and more investors following the trend to make safe investments and earn regular incomes. The rise […]

Luxury Tax on 5-marla houses in Punjab

Provincial Finance Minister Mujtaba Shujaur Rehman while winding up the budget debate in the Punjab Assembly explained that his government had not imposed luxury tax on every five marla house in the province and it (luxury tax) would only be taken from the ‘high end properties’ of five marlas located […]

Punjab property tax survey starts next month

LAHORE: The excise department will spend about a billion rupees on Punjab Urban Immovable Property Tax (PUIPT) Survey 2013 from July 1. Punjab Excise and Taxation Department is all set to launch PUIPT Survey 2013 at an estimated cost of 910 million rupees from July 1, 2013 with the help […]

No luxury tax in posh areas of Lahore

The Nation report by Salman Abduhu The newly-introduced Luxury Tax in the recently-announced Punjab budget 2013-14 on homes of two and above two kanals is absolutely discriminatory and against fundamental rights of citizens, as it is imposed only in three districts of Punjab. These views were expressed by a large […]