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Pakistan: Property & REIT
POLICY & REGULATIONPakistan's salaried class shoulders growing tax burden under IMF programme
Salaried class paid Rs144 billion in income tax in July-September, Rs90 billion more than retailers and the real estate sector combined, FBR provisional data show.
POLICY & REGULATIONSalaried class pays Rs144bn in income tax in first quarter
Pakistan's salaried workers paid Rs144bn in income tax in the first three months of the fiscal year, up 10.2pc, while property tax receipts fell 38pc after the government halved advance tax rates.
NEWSPakistan and IFC advance talks on fund for startups and entrepreneurs
Finance Minister Muhammad Aurangzeb and IFC officials discussed a planned fund for entrepreneurs and startups, alongside affordable housing, agricultural finance and public-private partnerships.
MARKETSVEON lifts Pakistan investment plan to $1.5bn, minister says
Finance minister Muhammad Aurangzeb says VEON has raised its planned Pakistan investment to $1.5bn over three years, and flags foreign interest in privatisation and new listings.
POLICY & REGULATIONSBP flags insurance and warehousing gaps in farm lending
State Bank of Pakistan Deputy Governor Salimullah says inadequate insurance, missing accredited warehouses and limited access to finance are the main barriers to agricultural lending in Pakistan.
- NEWS
Pace (Pakistan) approves Rs1.5bn investment in Ever Green Water Valley
Pace (Pakistan) Limited's board has approved an equity investment of up to Rs1.5 billion in associated company Ever Green Water Valley and the sale of its 15.4% stake in Pace Barka Properties.
REIT & PROPTECHSharif calls for export-led growth as Naya Nazimabad REIT lists on PSX
Prime Minister Shehbaz Sharif told a Pakistan Stock Exchange listing ceremony that the private sector must lead an export-led economy, as the finance minister set out a 4% growth target.
POLICY & REGULATIONSECP says reforms under way to deepen Pakistan's bond market
SECP chairman Kabir Ahmed Sidhu says steps are being taken to strengthen Pakistan's domestic currency bond market, as Naya Nazimabad Apartments REIT lists on the Pakistan Stock Exchange.
REIT & PROPTECHPM Shehbaz urges focus on exports and technology-driven growth
Prime Minister Shehbaz Sharif used a Pakistan Stock Exchange listing ceremony to call for a shift from stabilisation to sustainable growth, citing reserves, remittances and IT exports.
NEWSShehbaz presses exporters as Aurangzeb sets out capital market reform
The prime minister told exporters at the Pakistan Stock Exchange that past incentives had not delivered, while the finance minister outlined plans to widen capital market reform under the IMF programme.
POLICY & REGULATIONSECP proposes raising microfinance and housing loan limits to Rs5m
The Securities and Exchange Commission of Pakistan has opened consultation on amendments that would raise the maximum microfinance and housing loan limit to Rs5 million and widen income and turnover thresholds.
REIT & PROPTECHPakistan's REIT sector has 18 funds and Rs2 trillion of projects under development
Muhammad Ijaz of Arif Habib Dolmen REIT Management says 18 REIT funds are established, with more than Rs2 trillion of projects under development and five listed on the Pakistan Stock Exchange.
POLICY & REGULATIONIFC and World Bank Group reaffirm support for Pakistan's development priorities
Simon Andrews of the International Finance Corporation and Bolormaa Amgaabazar of the World Bank met minister Ahad Cheema to discuss investment, SMEs, public-private partnerships and housing finance.
- POLICY & REGULATION
ABAD chief urges FBR to immediately extend tax return filing deadline
Muhammad Hassan Bakhshi, chairman of ABAD, has called on the Federal Board of Revenue to immediately extend the deadline for filing income tax returns, citing election engagements.
NEWSWorld Bank Group pledges up to USD2bn a year for Pakistan
The World Bank Group has pledged to mobilise up to USD2 billion annually for Pakistan over the next decade, with Islamabad seeking to channel the financing into SMEs, public-private partnerships and housing finance.
REIT & PROPTECHTokenisation of Real Estate: Evaluating Pakistan's Potential
SECP's sandbox opens a path for fractional exposure to commercial property that has been closed to most domestic investors.
POLICY & REGULATIONSECP Names Third Sandbox Cohort With Two Tokenisation Entrants
The regulator's latest intake includes the first applicants proposing fractional property instruments.
