Pakistan Customs, Tax, Shipping & Business News Resource
Karachi: Pakistan Stock Exchange (PSX) has formally launched a new sector, “Property”, for non-REIT real estate related listed companies. This addition takes PSX closer to a better and improved reflection…
KARACHI: Bahria Town Karachi (BTK) has come up with another scheme to mint even more money and avoid refunds to the allottees whose properties were cancelled i.e, never existed. The…
LONDON: The S&P Global Ratings has assigned preliminary ‘B+’ long-term issuer credit rating to Swiss-Based Real Estate Company Peach Property Group AG (PPG) and preliminary ‘BB-‘ issue rating to its…
DUBAI, UAE: Deyaar Development has completed work on the Afnan District in its iconic Midtown, an award-winning project, and handing over of units will begin imminently. Deyaar Development is one…
BANGALORE: CapitaLand, one of Asia’s largest diversified real estate groups, plans to grow its assets under management (AUM) in the Group’s key market India, from the current S$3.3 billion to…
BAHRAIN: Investcorp, a leading global provider and manager of alternative investment products, has completed the acquisition of Airport Centre, a multi-let office and light industrial property located in Hamburg, Germany…
SINGAPORE: CapitaLand Limited announced several key executive appointments to drive its next phase of growth. With the fulfillment of all conditions precedent, the Group is on track to complete its…
DUBAI, UAE: Deyaar Development (Deyaar), one of Dubai’s leading property developers and real estate service providers, announced its financial results for Q1 2019, ended 31 March 2019, reporting revenues of…
GLENDALE–(BUSINESS WIRE)–PS Business Parks, Inc. has announced that it will be added to the S&P MidCap 400. The Company will be removed from its current membership in the S&P SmallCap…
LONDON: intu Properties Plc, the largest owner and manager of prime shopping centres in the UK, announced the appointment of Matthew Roberts as Chief Executive with effect from Monday 29…
SINGAPORE: CapitaLand is marking Earth Hour 2019 with a new e-waste or electronic waste collection record. Leveraging its vast network of office buildings and shopping malls in Singapore, CapitaLand has…
KARACHI: The real estate sector has criticized the recent upward revision in the plots’ values by the Federal Board of Revenue (FBR) saying the decision was taken without taking the…
KARACHI: Finance Minister Asad Umar has directed Federal Board of Revenue (FBR) to complete the exercise of valuation of property to address the anomaly of difference between fair market value…
KARACHI: The Supreme Court of Pakistan has removed the ban on high-rise buildings in Karachi, Chief Association of Builders and Developers (ABAD) Hasan Bukshi said. The decision was announced at…
KARACHI: The Revenue Division has formed a new Inland Revenue field for information namely Directorate General Immoveable Properties (IMP) to act as Federal Board of Revenue (FBR)’s specialized agency on…
KARACHI: The ban on construction of high-rise and other buildings has started taking toll as all steel re-rolling mills in Sindh and Balochistan have been closed for indefinite period for…
KARACHI: The Federal Board of Revenue (FBR) has been authorized to notify the valuations of the properties throughout the country including Karachi, Lahore and Islamabad, said Ishaq Dar, Federal Finance…
KARACHI: The Intelligence & Investigation-Inland Revenue (I&I-IR) has raided another exhibition organized by a real estate company of Dubai, NSHAMA at PC Hotel Karachi. NSHAMA is a leading builder of…
KARACHI: The Intelligence & Investigation of Inland Revenue Service raided a five-star hotel in Karachi and seized all the records pertaining to the movement of black money through informal channels…