FBR announced to give 90pc tax exemption on low-cost housing projects

FBR announced to give 90pc tax exemption on low-cost housing projects

The FBR and the New Pakistan Housing Development Authority have once again assured the public and investors interest in the construction industry. Construction package announced by the Prime Minister for builders and developers had made…

Read More
State Bank of Pakistan Eases Conditions for Housing Finance

State Bank of Pakistan Eases Conditions for Housing Finance

The State Bank of Pakistan (SBP) relaxed financing conditions for housing units in under construction projects. The State Bank of Pakistan (SBP) issued a circular dated February 25, 2022 to ease the conditions for house…

Read More
Mera Pakistan Mera Ghar Housing Loan Scheme

Mera Pakistan Mera Ghar Housing Loan Scheme

Keeping in view need to improve availability of adequate housing in the country and important role of construction sector in boosting economic activities in other countries, Government of Pakistan envisions to increase the number of…

Read More
FBR Issues Circular for Tax Recovery Procedures From Cooperative Housing Societies

FBR Issues Circular for Tax Recovery Procedures From Cooperative Housing Societies

Federal Board of Revenue (FBR) issued Circular No. 3 of 2022 Dated: July 5th, 2021 regarding recovery of tax and methods of taxation of Cooperative Housing Societies Registered under Cooperative Housing Societies Act, 1925. Federal…

Read More
Shaukat Tarin assures wealth reconciliation Statement waiver for first time home buyers

Shaukat Tarin assures wealth reconciliation Statement waiver for first time home buyers

Adviser to the Prime Minister on Finance and Revenue Shaukat Tarin has assured land developers that the federal government will extend the exemption on wealth reconciliation statement for first-time home buyers beyond Dec 31. Speaking…

Read More
Updated Tax Exemptions and Tax Credits for the Financial Year 2021-2022

Updated Tax Exemptions and Tax Credits for the Financial Year 2021-2022

Income Tax Ordinance, 2001 provides for tax exemptions, tax credits, reduced tax rates, and reduction in tax liability. These tax exemptions are either based on specific type of taxpayers or for a particular time period.…

Read More
Govt launching Kamyab Pakistan program for small business loans

Govt launching Kamyab Pakistan program for small business loans

The government has decided to launch the “Kamyab Pakistan” program on July 29. It is an initiative that offers a multiple opportunities which includes loans for small businesses, farmers, households, health cards, and technical training…

Read More
Guide To LDA City Naya Pakistan Apartments and How to Apply for Bank of Punjab Loans

Guide To LDA City Naya Pakistan Apartments and How to Apply for Bank of Punjab Loans

With the objective of constructing 50,000 housing units, an effort can be seen in the form of ‘LDA City Naya Pakistan Apartments’. Under this project, the government has approved the construction of 35,000 affordable apartments. This…

Read More
Corporate tax exemptions

Corporate tax exemptions

Following tax exemptions are available to corporate taxpayers: Profits arrived from the business unit of an electric power generation project established in Pakistan are exempt from tax. Profits earned by a company from the export…

Read More
Tax measures & reliefs in response to COVID-19 in 2020 by Pakistan

Tax measures & reliefs in response to COVID-19 in 2020 by Pakistan

Government in Pakistan have introduced tax measures to reduce the impact of the COVID-19 pandemic in year 2020. Tax Reliefs in 2020 by Pakistan Exempted taxes on import of oxygen gas, cylinders & tanks 23…

Read More