Google Play Store Billing Services – No longer available in Pakistan.

Google, Google Play Store, and its services are the most widely used services by android users in Pakistan.4 days back a piece of news jolted the entire nation of Pakistan as the news emerged that Google play store billing services will no longer be operational and available in Pakistan from 1st December because the State Bank of Pakistan (SBP) revoked the payment of $34 million to international service providers

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Bhara Kahu Bypass Project – A Major Twist & A New Turmoil

Since the initiation of the Bhara Khau Bypass project in Islamabad, the project has been controversial talk in the twin cities of Rawalpindi & Islamabad as well as in the areas connected to Bhara Kahu. The plan of the Bhara Kahu bypass was 5.22 km out of which 4.18 km was grade road and 1.04 km was the elevated highway.

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The First International Housing Expo 2022 ~ Powered by the Ministry of Housing & Works and Islamabad Chamber of Commerce & Industry.

The Real Estate sector is one the most flourishing sectors in the economy of Pakistan and is never out of the league. Though the real estate sector faces many highs and lows but always manages to maintain its presence.  Recently, the  Ministry of Housing & Works (H&W) and the Islamabad Chamber of Commerce & Industry (ICCI) are organizing, the first International Housing Expo, 2022.

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PM Shahbaz Sharif: Handing over allottees with the possession letters of Sector I-15, Islamabad.

In Pakistan and particularly in Islamabad, the sector of Real Estate is always buzzing with the latest news and happenings. Recently, another breaking news has hit the real estate sector in the town as the Prime Minister of Pakistan Shahbaz Sharif has announced that the possession letters will be handed over to the 5,500 allottees of the Sector I-15 of Islamabad.

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Estamp Punjab – A Gateway to a modern and tech-savvy Punjab

The collection of stamp tax duty has always been one of the credible sources for collecting revenue in Punjab. The stamp duty is collected by the Board of revenue. The process of collecting the stamp tax duty was fully flawed and had many loopholes. But recently, The Punjab Information Technology Board (PITB) has introduced the process of e-stamp.

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Bhara Kahu Bypass – From Approval to STAY ORDERS

The Bhara Kahu Bypass Project is said to be the Game Changer for the region of Bhara Kahu and nearby areas. The Bhara Kahu Bypass project was issued to National Logistics Cell (NLC). The initial plan was to complete the project within 4 months. The Bhara Kahu Bypass project is a 5km road construction project that includes a  flyover stretching over 1km.  Read more “Bhara Kahu Bypass – From Approval to STAY ORDERS”

CM PUNJAB PERVAIZ ELAHI FIXES THE STAMP TAX DUTY

The Chief Minister of Punjab Pervaiz Elahi has revised the tax duty on stamps. The tax duty of stamps refers to the fixed amount that is to be deposited when the land or property is transferred. Recently, Chief Minister of Punjab Pervaiz Elahi has fixed the stamp duty percentage to 1% only whereas previously it was 3% stamp duty in the urban areas and 2% in rural areas. But with the passing of the new policy by Chief Minister of Punjab Pervaiz Elahi the stamp duty is fixed at 1% only. For instance, if you purchase a property worth 1,00,00,000 (1 crore) then the stamp duty tax to be paid for the transfer will be Rs. 1,00,000 (1 lac) only whereas it varied in the past. Indeed it is a major initiative initiated by the Chief Minister of Punjab Pervaiz Elahi, which will give a boost to the real estate sector as transactions in the sector will increase. The agenda behind the reduction in stamp duty was the increase in the revenue which is the utmost necessity of the contemporary crippling economy of Pakistan as more people will incline towards real estate again. But the reduction in stamp duty alone won’t be good enough because the value of the land itself has risen to peaks

MARGALLA AVENUE ISLAMABAD – A GATEWAY TO A BRAND NEW ISLAMABAD & NEW REAL ESTATE PROSPECTS

Margalla Avenue Islamabad also known as Islamabad Margalla Highway is a 33 km road project. Islamabad Margalla road is one of the projects of the Capital Development Authority commonly known as CDA. Margalla Avenue Islamabad was initiated to lessen the snarling up of the traffic at the GT Road while connecting it to KPK and other nearby localities. Initially, Islamabad Margalla Highway was initiated in 2006 but since then the project has faced many delays and setbacks and is still under construction. Later, in 2012 the project was approved and the contractors initiated the building of a 33 km road. The CDA gave the tender to Frontier Work Organisation (FWO). And now a swift construction of Margalla Avenue Islamabad is observed as the issue of the graveyard near Shah Allah Ditta is resolved as the route of Islamabad Margalla Highway is realigned towards the southern side.

The purpose of Margalla Avenue Islamabad is to reduce the traffic load. The road starts from G.T. Road at Sangjani. The Islamabad Margalla Highway will connect Sector B-17 to Sector E of Islamabad. Moreover, the new Margalla Avenue project will also connect the new under-development sectors of C13 to C16, Margalla Avenue project is also said to be Islamabad’s Master Plan. Phase 1 of Margalla is completed and it connects the route from GT Road to the D12 Sector of the Capital.
Despite all the troubles and delays the Margalla Avenue Islamabad has faced, the completion of Islamabad Margalla Highway will have the way to more new ventures in the real estate sector.

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