In a major development for Pakistan’s real estate sector, the PRA Tribunal has granted a much-awaited sales tax exemption on the sale of developed plots in Punjab. This landmark decision has provided significant real estate tax relief to property developers, clarifying a long-standing legal ambiguity under the Punjab Sales Tax on Services Act 2012. The ruling not only relieves developers from an...
Punjab’s economic landscape is witnessing a remarkable shift as the Punjab Revenue Authority (PRA) reported a 28% surge in tax collection for the first quarter of the fiscal year 2025. This Punjab Revenue Authority 28% Growth highlights the province’s strong financial performance and its potential to accelerate infrastructure growth and property development across major cities, including Faisalabad,...
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