June 15, 2021

Realtors Irked By The Plan To Charge Flat 5pc CGT

A government plan in the Federal Budget 2021-22 to tax capital gains of Rs5 million and above on the sale of immovable property and bring property taxation under the normal regime appears unlikely to ...
June 14, 2021

Chagai To Be Linked With Gwadar, Afghan Border

The federal government intends to use road networks to connect the mineral-rich Chagai area with the Gwadar seaport and neighboring Afghanistan.   The recently proposed Nokundi to Mashkel road would be extended to Panjgur ...
June 12, 2021

Rs87 bn allocated for CPEC projects in the budget 2021-22

Dispelling the impression of slowing down of CPEC projects, Federal Minister for Planning Asad Umar has said the government has allocated Rs87 billion for the Public Sector Development Program (PSDP) for the next budget ...
June 10, 2021

NHA likely To Award Sialkot-Kharian Motorway Contract to FWO, SMC

The National Highways Authority (NHA) awarded the 69-kilometer Sialkot-Kharian Motorway (M-12) project to a collaboration of Frontier Works Organization (FWO) and SMC Private Limited on Tuesday.   The NHA executive board will meet on ...
June 8, 2021

ECNEC Approves 12 Projects Worth Rs.327bln

The Executive Committee of the National Economic Council (ECNEC) authorized 12 development projects totaling Rs326.703 billion on Friday, with directives to reduce the cost of Pak University of Engineering and Emerging Technologies (PUEET).   ...
June 7, 2021

Pakistan Rolls Out Plans To Tap Global Green Financing Avenues

The federal government on Thursday said it has initiated work on a number of green financing instruments, buoyed by widespread global investor interest in Pakistan’s first green bond floated in the international market last week.   ...
June 4, 2021

Record Rs156bn Budget Approved For CDA

Islamabad: The Capital Development Authority (CDA) approved a record budget of Rs156 billion for non-development and development expenditures for the fiscal year 2021-22 on Wednesday.   The CDA board, which met at the CDA ...
June 3, 2021

Gwadar Port, Free Zone To Generate $10 bn Economic Activity

CPEC Authority Chairman Lt-Gen (retd) Asim Saleem Bajwa said on Monday, the Gwadar Port and Gwadar Free Zone, once fully operational, would create roughly $10 billion in economic activity each year.   “A lot ...
June 2, 2021

FBR Surpasses May Collection Target By 8pc

Islamabad: The Federal Board of Revenue (FBR) exceeded its collection target by 7.82 percent in May, reaching Rs386 billion, the third-highest collection in the second half of the current fiscal year (FY21), according to ...
June 1, 2021

CDA to complete PWD Underpass In July

On Monday, the Capital Development Authority (CDA) directed the completion of two ongoing development projects on the Islamabad Expressway.   Work on the PWD underpass and the extension of the Korang bridge is now ...