Budget 2013-14 Sindh government imposed increased taxes on urban property and services, enhanced the property taxes on rental income from 20 percent to 25 percent as a fiscal measure. The Punjab government has levied a one-time luxury tax on 2 kanal and bigger houses while widows owning less than 4 kanal houses […]
MANCHESTER: Association of Pakistani Lawyers (APL) Chairman Barrister Amjad Malik has hoped that the new government of the Pakistan Muslim League-Nawaz (PML-N) under the leadership of Prime Minister Nawaz Sharif will take serious steps to resolve the issues of overseas Pakistanis, particularly those living in the UK. While talking to […]
Members of Senate proposed to evolve a package for Overseas Pakistanis, which should include reduction of custom’s duties on house hold items, vehicles up to 1000cc. and acquisition of state, land for industrial/commercial and residential purposes. Members of the Senate finalised their proposals for budget 2013-14 for the National Assembly.
“The News” report by Mehtab Haider The government is considering launching dollar-denominated Pakistan Infrastructure Development Bond in the next financial year to arrange financing for mega projects such as construction of Bhasha dam, metro bus service and other new initiatives, official sources said. To meet the infrastructure requirements, Pakistan requires […]
To the surprise of many, the PML-N government in its first budget has simply ignored the option of enhancing the foreign remittances, which have been the only source of regular inexpensive revenue in the recent years and according to the N-League’s own experts could be doubled to US$24 one year. […]
Overseas Pakistanis sent higher remittances that surpassed $12.7 billion in the first 11 months (July-May) of the current fiscal year 12-13. The high inflow of foreign exchange under this head enabled the country to adhere to IMF’s repayment schedule and neutralise partially the impact of growing trade imbalance.
SBI pre-feasibility study likely to be completed by December Country Manager, Shore Bank International (SBI), Pakistan, Amjad Ali Arbab said that pre-feasibility study of multi-faceted Diaspora (Overseas) Bond, which his organisation has now embarked upon, will hopefully complete by December 2013 and later its findings would be shared with the […]
Abubakar Memon, President of Pakistan business community in Jeddah has said Saudi officials are sympathetic and they are helping Pakistani expatriates to overcome difficulties due to new laws and regulations with regards to illegal foreign nationals staying in Saudi Arabia. In an interview with Pakistan Observer, Abubakar Memon who was here on an invitation from PML […]
Villager says receiving threats over refusal to sell land. LAHORE: The villagers are not interested in selling their land to Bahria Town and want to continue cultivation on their agricultural lands, but they are allegedly being harassed with the help of local touts and police. Various pressure tactics are allegedly […]
Lahore real estate updates June-2013 Following article written by M Rafique Goraya, published in today’s Business recorder gives brief overview of Lahore’s real estate market during the last few months. Overseas Pakistanis must be very careful when buying properties because the prices now are touching unrealistic levels. The boom may […]