ISLAMABAD: The real estate industry witnesses a positive trend, as 3,383 new companies belonging to the industry were registered by the Securities and Exchange Commission of Pakistan (SECP), showing an increase of 32% as compared to 2019.
The commission recorded registering 2,365 new construction and real estate companies in 2020, 2,560 companies in 2019 and 2,022 companies in 2018, respectively. A total of 20,342 companies were registered in 2020 by the SECP.
It was further announced that almost 40% (946) of the companies were registered in 24 hours, with the majority being registered online.
Experts have opined that the reason behind the increase in the numbers of companies in the relief package given by the government to the construction sector. The government had announced relief packages for various sectors keeping in view the distressing impact of Covid-19 on Pakistan’s economy.
Following the positive response, the government extended the deadline for the Tax amnesty construction package till December 31, 2021.
For news and blogs, visit Graana.com.
Islamabad: The federal government is preparing to gradually withdraw tax exemptions for businesses operating within…
Karachi: A seven-member delegation from the Asian Development Bank (ADB) convened with Sindh’s Minister for…
Islamabad: The Federal Board of Revenue (FBR) is reviewing two key budget proposals for FY2025-26:…
The Capital Development Authority (CDA) is progressing with plans for a major mixed-use initiative named…
The Provincial Development Working Party (PDWP) has sanctioned a major infrastructure project worth PKR 1.99…
The Water and Sanitation Agency (WASA) Lahore is set to initiate a landmark sewerage upgrade…
Welcome to Graana Blog - Pakistan’s Smartest Property Portal!
For more than a decade our intention has been to revolutionise the real estate industry in Pakistan. The same belief drove the vision of our real estate team, Graana where quality beats quantity.
We have introduced an extremely transparent and purposeful portal where we will help you buy, rent or sell your property. A place where you can sit back relax and let us market your projects and listings. We believe we have set new standards for the future of real estate in Pakistan by providing the smartest property portal.
