Dubai, a city synonymous with prosperity and opportunities, is currently experiencing an unprecedented surge in its population. This rapid growth is exerting considerable pressure on the real estate sector, which is struggling to keep pace with the ever-increasing demand for residential properties. The escalating need for housing is driven not only by the city's booming population but also by the...
by humayunbaig 
In a shocking revelation, the Federal Board of Revenue (FBR) recently exposed a colossal Withholding Tax (WHT) evasion scheme in Punjab property sector. The Regional Tax Office (RTO) in Sargodha carried out a comprehensive digital audit that shed light on a significant evasion of WHT amounting to billions of rupees. Unearthing the Scope of the Scandal The RTO successfully retrieved over PKR 388...
by humayunbaig 
The recent months have seen a substantial change in the economic scenario of Pakistan, with the local currency, PKR, strengthening against the US dollar (USD). This has led to a consequential dip in steel prices, offering relief to the construction industry. However, this relief is somewhat offset by the steady rise in cement prices. The Impact on Steel Rates Since September 2023, the steel industry...
by humayunbaig 
The real estate sector is a treasure trove of opportunities for those with an eye for investment. Many of the world's wealthiest individuals have reaped substantial profits from this industry. In particular, Hong Kong tycoon Lee Shau Kee, with a net worth of $26.7 billion, tops the list of Real Estate Billionaires Top 10 Real Estate Billionaires These individuals have turned brick and mortar into...
by humayunbaig 
In the grand scheme of Gwadar's growth, the Gwadar Port plays an integral role. The Senate Standing Committee on Maritime Affairs recently convened at Parliament House to discuss acquiring the remaining land needed for constructing the railway track that will link the Gwadar Port to the Railway Container Yard. The meeting, led by Senator Rubina Khalid, examined the project that received approval from...
by humayunbaig 
Hyderabad's leadership has taken a proactive step towards creating a sustainable future for the city. The Mayor of Hyderabad recently hosted a meeting to discuss the Hyderabad Master Plan 2047, a Rs. 500M project that maps out a comprehensive strategy for the city's development over the next two decades. A Collaborative Approach to City Planning In a rare assembly of stakeholders and government...
by humayunbaig 
The Lahore Development Authority (LDA) recently exposed a colossal property transfer fraud in Lahore. This scam involved manipulation of official documents to issue No Objection Certificates (NOCs), primarily facilitated by corrupt officials within housing directorates and town planning wings of the LDA. The scam has inflicted heavy financial damage on the national treasury. Unveiling the Fraud: A Tale...
by humayunbaig 
Recently, DHA Gujranwala (Defense Housing Authority) announced exciting news on their official Facebook page, creating a buzz in the real estate world. The possession date for Executive Block and Commercial Zone-3 has been unveiled, creating waves of excitement among prospective buyers and stakeholders. The Much-Anticipated Possession Phase The announcement marked December 20th as the possession...
As a real estate agency, Wali Real Estate is not only committed to providing quality services but also firmly believes in promoting and advocating for human rights. In this light, we take a closer look at the annual Upholding human rights Day observed every December 10th, to understand its relevance and importance better. An Overview of Human Rights Day The United Nations (UN) annually observes...
In an unprecedented shift in global finance, China's Debt Collection in World Wide. The colossal Belt and Road Initiative (BRI) is the centerpiece of President Xi Jinping's foreign policy, with over 21,000 infrastructure projects under its umbrella. The scale of China's financial influence surpasses that of the US Marshal Plan post World War II, with more than $1.3 trillion extended in loans over the past...
by humayunbaig