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Pakistan’s commercial real estate sector is on life support, and its prospects of recovery are bleak. The industry has been in a downward spiral for the past two years, with values of immovable properties plummeting by over 50%. The Pakistan’s Property Market Crisis is so dire that experts predict a recovery is unlikely before 2030….
What will be Pakistan’s Financial Future? Answer is lets hope in right direction as Pakistan is looking to borrow up to $4 billion from commercial banks in the Middle East by next year. This move aims to fill the gaps in the country’s external financing. The Governor of the State Bank of Pakistan, Jameel Ahmad,…
The Federal Board of Revenue (FBR) has announced a significant change to the property capital gains tax regime. As of July 1, 2024, the holding period requirement for capital gains tax on properties has been removed. This means that all profits derived from the disposal of immovable property in Pakistan will be taxed as capital…
The Federal Board of Revenue (FBR) has announced a final deadline of September 30 for submitting income tax returns for the financial year 2023-24. This deadline is crucial for all taxpayers, as failure to meet it will result in legal action and penalties. Individual filers who miss the deadline will face a minimum penalty of…
Owning a home is a keystone of wealth… both financial affluence and emotional security.