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Tag: Association of Builders and Developers

ABAD House Pakistan

MTO Karachi Urges ABAD to Pay FED on Properties

September 11, 2024September 11, 2024Shahnawaz Akhter

Karachi, September 11, 2024 – The Medium Taxpayers Office (MTO) Karachi has called upon members of the Association of Builders and Developers (ABAD) to comply with the newly implemented Federal Excise Duty (FED) on immovable properties.

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ABAD House Pakistan

ABAD Decides to Move Court Against 2024-25 Budget

July 2, 2024July 2, 2024Shahnawaz Akhter

Karachi, July 2, 2024 – The Association of Builders and Developers of Pakistan (ABAD) has announced its decision to challenge the harsh tax measures introduced in the 2024-25 budget in court.

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ABAD House Pakistan

ABAD Fears Tax Measures to Divert Real Estate Investment

June 27, 2024June 27, 2024Shahnawaz Akhter

Karachi, June 27, 2024 – The Association of Builders and Developers (ABAD) has voiced concerns that the tax measures introduced in the 2024-25 budget will redirect the flow of dollars away from Pakistan.

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ABAD House Pakistan

Sindh Launches Online Digitalization Services at ABAD

December 17, 2023December 17, 2023Hamza Shahnawaz

KARACHI: Sindh Caretaker Minister for Revenue, Industry, and Commerce, Younus Dagha, inaugurated E-Services for Revenue land digitalization and an Online Facilitation Center at the prestigious head office of the Association of Builders and Developers of Pakistan (ABAD).

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ABAD House Pakistan

ABAD Strongly Rejects Increased Property Valuation Rates in Karachi

December 6, 2023June 24, 2026Shahnawaz Akhter

Karachi, December 6, 2023 – The Association of Builders and Developers (ABAD) has vehemently opposed the recent increase in property valuation rates in Karachi, stating that the decision was made without consultation with ABAD, as announced by ABAD Chairman Asif Sumsum on Wednesday.

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ABAD House Pakistan

UAE Real Estate Conglomerate Announces $25 Billion Investment in Pakistan

November 10, 2023November 10, 2023Shahnawaz Akhter

Karachi, November 10, 2023 – A consortium of real estate companies from the United Arab Emirates (UAE) has expressed its intent to invest a staggering $25 billion in Pakistan’s construction industry.

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ABAD House Pakistan

DHA Multan Hopes for Abolishment of Section 7E of Income Tax Ordinance 2001

October 13, 2023October 13, 2023Shahnawaz Akhter

Karachi, October 13, 2023 – Brigadier Muhammad Shoeb Anwar Kiyani, the Administrator of the Defence Housing Authority (DHA) Multan, expressed his reservations about Section 7E of the Income Tax Ordinance 2001, calling it an unwise decision.

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ABAD House Pakistan

Property Builders and Developers Demand Abolishing Section 7E

October 9, 2023October 9, 2023Shahnawaz Akhter

Karachi, October 9, 2023 – The Association of Builders and Developers (ABAD) of Pakistan has called upon the government to abolish Section 7E from the statute.

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ABAD House Pakistan

Asif Sumsum Elected Chairman of ABAD for 2023-2024 Term

September 30, 2023September 30, 2023Shahnawaz Akhter

Karachi, September 30, 2023 – The Association of Builders and Developers (ABAD) has elected Asif Sumsum, a prominent builder and developer, as its chairman for the term 2023-2024.

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ABAD House Pakistan

ABAD lodges complaints against police officials involved in land grabbing

March 11, 2023March 11, 2023Hamza Shahnawaz

Association of Builders and Developers (ABAD) Pakistan has lodged a complaint against police officials involved in land grabbing.

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  • FBR waives late return surcharge for individuals filing special undertaking
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