TAXES TO BE PAID BY PROPERTY BUYER AND SELLER 2019-20: All property taxes are as per finance bill 2019-20. Taxes to be Paid by the Real Estate Property Buyer; Stamp Duty = 5% as per DC Rate Withholding Tax = 1% as per FBR Rate Taxes to be paid by the Real Estate Property Seller;…
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Pakistan property tax 2016 Property taxes in Pakistan were amended in the annual budget 2016-17. These amendments and property taxes were then passed by the parliament. But real estate stakeholders rejected the new amendments. The government, FBR and real estate stakeholders decided to negotiate and finalize the property taxes in Pakistan. After weeks of discussion…
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Pakistan property prices are about to crash History of property boom and bust in Pakistan From 1947-2002, Pakistan real estate sector was never considered as an investment hotspot. The first real estate boom in history of Pakistan was observed from 2003 to 2005. In 2005 prices were so high that common Pakistanis were unable to…
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New property tax system is blessing for genuine buyers Pakistan new Property Tax evaluation system 2016 In Pakistan, taxes on real estate transactions are applied according to DC rates which are much lower than the original market prices of properties. The government of Pakistan has changed this procedure in 2016. According to the new procedure…
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Overview of Orange Line Metro Train Lahore Orange Line Metro train is the under construction project in Lahore by the government of Punjab with Chinese assistance. Orange Line Metro Train is the new chapter by Punjab Government to provide efficient public transportation for provincial capital Lahore. After the great success of Lahore Metro Bus Service…
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Pakistan needs simple property tax formula Pakistan is the country with severe shortage of housing. Housing shortage has reached an alarming mark of 10 million. Pakistan needs 1 million new houses every year to cover the housing need, but we are building just 3-4 lac houses every year. To solve this housing crisis in Pakistan…
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Minimum Wage in Pakistan and house affordability Pakistan minimum wage is set every year in annual budget. Minimum wage has been raised from PKR 13,000 to PKR 14,000 for the year 2016-2017. There are two different opinions on raising minimum wage. One group says minimum wage is necessary for better life style. But according to…
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Redevelopment of Wahdat Colony Lahore The government of Punjab has recently announced to redevelop WAHDAT COLONY Lahore. Wahdat Colony was developed as low rise housing development in 1970’s. The latest decision by the government of Punjab is to better utilize the central Lahore land. Lahore has limited and very expensive land due to high population…
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Record low interest rate in history of Pakistan The state bank of Pakistan in its last meeting of May 2016 has decreased the policy rates by 25 basis points. The interest rate is lowered from 6% to 5.75%. New interest rate is the lowest in history of Pakistan. Historic average interest rate in Pakistan is…
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Emerging Luxury Property Market in Pakistan Luxury property is the symbol of growing economy and rising purchasing power of the general public. Luxury property plays a major role in the economy of developing and developed countries. Luxury properties are always used to secure money and are also the source of high taxation around the world….
Read MoreOwning a home is a keystone of wealth… both financial affluence and emotional security.
