February 2021 - Page 2 of 17 - Al Hafeez Properties

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February 2021

What are the Economic Advantages of Affordable Housing?

Affordable Houing

Affordable housing projects are not only vital for the well-being of the society but can also contribute greatly towards a stronger economy. Low-cost housing schemes, such as the Naya Pakistan Housing Programme introduced by Prime Minister Imran Khan, can be a much-needed boon for small and big businesses alike – because when people are not spending a…

Tax Laws (Amendment) Ordinance 2021

Tax Laws (Amendment) Ordinance

UPDATE (Feb. 16, 2021): Good news for non-resident Pakistanis (NRPs)! President Dr Arif Alvi has promulgated Tax Laws (Amendment) Ordinance 2021 to facilitate non-resident individuals who wish to open non-resident Pakistani Rupee Value Accounts (NRVAs). The ordinance has: – Extended 4 percent super tax on banks indefinitely beyond the tax year 2021 – Imposed withholding tax (Rs 50,000-Rs…

Latest Update On Naya Pakistan Housing Scheme

Latest Update On Naya Pakistan Housing Scheme

UPDATE (Feb. 16, 2021): Chief Minister Sardar Usman Buzdar approved the procedure of the allotment of flats in Lahore Development Authority (LDA) City Naya Pakistan Apartments under Section 19 of management and transfer of properties of Development Authorities Act 2014. The decision came at the 41st meeting of the provincial cabinet which also covered the following…

Invest in Houses Instead of Plots but WHY??

house-investment

The city of Karachi, which is the country’s biggest and most productive economic hub, has always been a hotspot of real estate development. Its urban landscape has grown exponentially over the past few decades, turning it into a megalopolis. After the real estate investment shift from plots to highrises in recent years, Karachi has witnessed fast-paced growth…

Home Financing in Pakistan

Home financing-1

Owning your own house or apartment may be the ultimate dream, but it is certainly not cheap. The increase in the cost of construction, the rising property prices, as well as inflation have made it extremely difficult for individuals from lower and middle-income groups to buy or build a home using their personal savings. This is…

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