Development authorities banned from doing business with unregistered real estate agents

Development authorities banned from doing business with unregistered real estate agents

ISLAMABAD: The government has barred all public and private development authorities from doing business with real estate agents who are not registered under the Anti-Money Laundering (AML) Act. The condition to suspend business with the…

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Sales Tax Relief by Punjab Revenue Authority

Sales Tax Relief by Punjab Revenue Authority

Through the Finance Act, 2020, the Government of the Punjab reduced the rate of Punjab Sales Tax on Services from 16% to 5% on more than twenty services. Punjab Revenue Authority also reduced the rate…

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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…

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Naya Pakistan LDA Apartments: Bank of Punjab & LDA Sign Deal

Naya Pakistan LDA Apartments: Bank of Punjab & LDA Sign Deal

The Lahore Development Authority (LDA) and the Bank of Punjab (BOP) have signed an agreement worth Rs. 10 billion under which the bank will provide resources for the construction of LDA City Naya Pakistan Apartments.…

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How to Get Weboc Login Registration in Pakistan | Import Export License

How to Get Weboc Login Registration in Pakistan | Import Export License

How to get an Import & Export License In Pakistan (Pakistan Single Window Act 2021) ? The Pakistan Single Window system started by rolling out in July 2021 with Phase 1 estimated for completion in…

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FBR’s Progress under Anti Money Laundering (AML) Act in last 4 years

FBR’s Progress under Anti Money Laundering (AML) Act in last 4 years

The Federal Board of Revenue (FBR) registered 215 First Information Reports (FIRs) against 267 people under the Anti-Money Laundering (AML) Act in the last four years. Chairman FBR, Muhammad Ashfaq Ahmad, shared this with the…

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New Deadline for implementation of Biometric Verification System for Exchange Companies

New Deadline for implementation of Biometric Verification System for Exchange Companies

The State Bank of Pakistan (SBP) has set a new deadline of June 30, 2022, for exchange companies to ensure the implementation of the Biometric Verification System (BVS). A circular issued by SBP states, “All…

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IMF demands closure of Bank Accounts of public sector entities

IMF demands closure of Bank Accounts of public sector entities

The International Monetary Fund (IMF) has placed a condition on Pakistan to close all the bank accounts maintained by public sector entities and the defence ministry in commercial banks. The money should be transferred to…

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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…

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No Warning from FBR before freezing taxpayers bank accounts

No Warning from FBR before freezing taxpayers bank accounts

Previously, FBR had to inform taxpayers 24 hours prior to freezing their bank account.  Business community and tax bars are disappointed over FBR’s decision. Business community says FBR’s decision will be a hurdle for ease…

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