Category: Construction

Real estate agents are asserting that property transfers have come to a halt due to the implementation of new taxes 0

Real estate agents are asserting that property transfers have come to a halt due to the implementation of new taxes

Following the implementation of section 7E, which imposes a tax on deemed rental income, over 95 percent of property registrations and transfers have come to a halt since July 1, 2023. Representatives from the...

Pakistan's energy sector has the potential to achieve savings exceeding $8 billion 0

Pakistan’s energy sector has the potential to achieve savings exceeding $8 billion

According to an independent study conducted jointly by the Policy Research Institute for Equitable Development (PRIED) and Renewables First, both based in Islamabad, Pakistan’s energy sector has the potential for significant cost savings. The...

The FBR is being encouraged to provide taxpayers with an online declaration option for the tax on immovable properties 0

The FBR is being encouraged to provide taxpayers with an online declaration option for the tax on immovable properties

Ashfaq Tola, Chairman of the Reforms and Resource Mobilization Commission of Pakistan (RRMC), suggests that the Federal Board of Revenue (FBR) should introduce an option in the online declaration form (IRIS system) for taxpayers...