Pakistan’s real estate sector has long struggled with delays in tax exemption approvals, creating cash flow issues for builders and slowing down construction projects. To address this, the Federal Board of Revenue (FBR) has introduced a 7-day tax exemption rule a major step toward simplifying tax procedures in 2026. This new system is designed to fast-track exemption approvals, reduce bureaucratic...
The Islamabad High Court (IHC) recently delivered a landmark ruling confirming that property sale gains in Pakistan are taxable under the capital gains law. In this regard, the IHC rules property sale gains taxable under clear legal provisions, resolving long-standing confusion over whether profits from the sale of immovable property should be treated as business income or as capital gains under the...
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