Effective tax rates on actual rental income would also rise as the land owner will pay a higher applicable tax rate on actual rental income or 20% tax on deemed rental income.
The people are finding it difficult to make ends meet owing to the rising inflation. The situation has been exacerbated by the frequent load shedding which is hindering operations of the business, and incurring massive losses.
Federal Minister for Finance and Revenue Miftah Ismail presented the budget for fiscal year 2022-23 on Friday in an orderly session of the National Assembly of Pakistan.
Zameen has made incredible contributions to the world of Project Sales. The real estate industry has played a vital role in the development of the country’s economy and the growth of over 70 other local industries is dependent on the property sector.
Reacting to her statements Fawad Chaudhry on Friday said that Maryam Nawaz should be respectful while talking about the former Pakistan Army veterans of Pakistan.
Why does Pakistan face financial and economic crisis every few years? This year Pakistan needs more than $20b to finance its external needs - and therefore the need of IMF! Is there an issue in our economic structure to be fixed for once and all?
Balochistan’s share in Pakistan’s unemployment rate is a staggering twenty-two percent, two of the three families in the province cannot afford a proper meal, while over eighty percent of children are vulnerable to malnourishment.
Lt Gen (R) Muzammil Hussain says he worked day in and day out to mitigate Pakistan's water crisis by pushing construction of dams in record time but he is now being blamed for corruption in Tarbela 4th extension project which was in fact lauded by the World Bank.
The safety and security of Pakistan's nuclear arsenal have been questioned numerous times, but the truth remains that Pakistan has developed and continues to improve its nuclear weapons in accordance with international standards.
