Airport Co-op Housing Society: Residents challenge extra tax

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RAWALPINDI: The residents of a cooperative housing society have gone to court against paying a two per cent tax that the government wants to apply on all property deals.

The employees and residents of the Airport Cooperative Housing Society in Rawalpindi filed a writ petition in the Lahore High Court, Rawalpindi to challenge the orders dated July 8, 2010.

The new tax is called the Capital Value Tax, imposed by the chief inspector of stamps of the Punjab board of revenue and the district officer of cooperatives. It varies from Rs12,000 per kanal in residential areas to Rs60,000 in commercial parts.

Abdul Wahid Qureshi was the lawyer representing the residents. He argued that according to the Punjab Finance Act’s 2010 sections 3 and 6, the housing society was exempt. “A cooperative society does not fall within the definition of an individual, an association of person, a company, a political sub division or an international government,” he argued. A cooperative society is classified as a body corporate for some purposes and it has not been included in the definition of a person in the law.

Qureshi maintained that the society was a distinct entity and its members were shareholders as defined by the cooperative societies law of 1925. Thus, when a member of the society transfers a plot, it is not described as a transfer of property.

Justice Mamoon Rashid Sheikh asked for the chief inspector of stamps, the district officer and the Punjab finance secretary to file comments in two weeks.

Thai investors keen to develop industrial parks in Pak

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ISLAMABAD: A delegation headed by Ambassador of Thailand HE Marut Jitpatima along with Premchai Karnasuta, President BMA Capital and other Thai officials visited Board of Investment (BoI) on Wednesday.

During the discussion about investment opportunities in Pakistan, Thai delegation showed interest in mining, hydel energy power plant, infrastructure, development of economic zones and industrial parks.

Minister of State/Chairman BoI Saleem H.Mandviwalla appreciated the industrialisation pattern of Thailand, which has undergone a rapid industrial growth by focused development and professional management of industrial parks. He said that keeping in view the experience of Thais in development of industrial parks and economic zones; “it would be a great edge for us to learn from their experience.” .

Mandviwalla proposed Thai investors develop industrial parks and economic zones in major industrial hubs of Pakistan. He mentioned the examples of successful industrial parks in Pakistan like 250-acre Korangi Creek Industrial Park at Korangi Creek-Karachi, the 930-acre Bin Qasim Industrial Park near Port Qasim-Karachi and the 174-acre Rachna Industrial Park near the outskirts of Lahore.

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i am looking for 1 kanal plot in sukhchayn gardens.
pl. contect.

Plot Required

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I need a 20Marla or less plot in Naval Anchorage for immediate construction of House. Only serious sellers having the plot may contact.

AASHIYANA HOUSING SCHEME

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This is begining & at the begening teh gov is lay down. They are not making the road as up to the standard. LET SEE WHAT HAPPENED NEXT!!!

JUTT

SEEKING INFORMATION ABOUT PUBLIC HEALTH ENG. HOUSING SOCIETY

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Dear CMY,

I have a plot in Public Health Engineering Housing Society, Raiwind Road, Lahore. I could not come Pakistan for long time due to my job problems. Therefore, I request you, please let me know the status of Public Health Society. Because the management is not responding at all.
Allah bless you,

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I am intersted to buy 10 Marla plot in DHA phase 7, can some guide me please is 10 Marla plots are in good location as I heard all the 10M plots are in Y and Z block, and what is the future of these plots in investment point of view, please guide.

DHA Town

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Mr.Fawad and CMY
Aoa Mr.Fawad and CMY,

I want to buy a 8 marla plot in DHA Town phase 9, can you please let me know if you have one and what is price for plot, I want plot which has NOC from GHQ, and also what will be extra chagres like transfer and membership fee etc, please let me know.

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CMY replied on Wednesday, January 12, 2011 10:42 AM PST

I am sorry currently we don't have NOC clear plots for sale in DHA town. Please email us your contact info and we will call yo u when one plot is with ready NOC.

Ch Mujahid Yasin ( CMY )
03224009967

DHA8 Cash Plots

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Mr. CMY sahib,
Thanks for your reply, you said I have to pay 7 Lacs less for the prices listed below and this 7 Lacs will be paid to DHA in installment. Suppose I want to buy a plot in U block then I have to pay total amount between 35 lacs to 45 lac depend on the plot and remaining to DHA, is there any other charges which I have to pay.
What is transfer fee and other document fees please let me know.



DHA Lahore Phase 8 Block S 1 Kanal Min Rate = 35 Lacs & Maximum Rate = 43 Lacs
DHA Lahore Phase 8 Block T 1 Kanal Min Rate = 40 Lacs & Maximum Rate = 56 Lacs
DHA Lahore Phase 8 Block U 1 Kanal Min Rate = 42 Lacs & Maximum Rate = 52 Lacs
DHA Lahore Phase 8 Block V 1 Kanal Min Rate = 40 Lacs & Maximum Rate = 55 Lacs
DHA Lahore Phase 8 Block W 1 Kanal Min Rate = 52 Lacs & Maximum Rate = 60 Lacs
DHA Lahore Phase 8 Block X 1 Kanal Min Rate = 40 Lacs & Maximum Rate = 50 Lacs
DHA Lahore Phase 8 Block Y 1 Kanal Min Rate = 36 Lacs & Maximum Rate = 40 Lacs

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Dear CMY, Salam. Can you please advise the current market value of Plot No of Z Block, Phase 7, DHA, Lahore

Many thanks

Plot in IBECHS phase 3 islamabad

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I have a 10 marla plot in IBECHS (Gulberg Islamabad) society phase 3. Only one installment of land cost has been paid. I want to sell it. If interested, contact me on . :forsale:

DHA-7 V884 corner boulevard

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Dear CMY
What is the maximum offer one can get for DHA7 plot V-884 (Corner Boulevard). Thanks in advance

10Maral Plot for Sale

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10 Marla Plot for Sale, 35x70 feet/2450 sqft, Plot No.597, Sector-B, Phase-8, Bahria Town Rawalpindi with following features:
•All installments paid Except Rs. 50,000/= as Boulevard Charges.
•Front End 60 Feet Boulevard and Rear End Proposed Adiala link Road.
•20th Plot on West side of Bahria Main Express/Ring Road 120 Feet Wide.
•Located in Single Row of Plots, offers isolated upper story renting from rear side.
•Idle for Residence as well as for Investment.
•Random Construction of houses in progress, to be livable in next couple of years.
•Futuristic Demanding Sector-B Adjacent to Business District of Phase-8 Bahria Town Rawalpindi.
Price: Rs.1,400,000/=
Contact:
Shabbir Malik
Cell No.

DHA-3 Commercipa Plot

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Dear CMY Sb,

I need Information, what is the approx. range for
commercial plot (8-marla) in DHA-3, plot is in B/W
61-Z to 71-Z, facing 2-kanal residential plots.
this has 50 or 70ft parking.Waiting your kind help.
Thanks

Congratulations E-16 Member on Getting Possession

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On 31/12/2010 Ballot Held in abpara community center. Possession has be announced and more than 100 people have applied for possession including myself today.
I congratulate all Members of E-16 on getting possession. Current possession charges of my 2 kanal plot is 50 thousand rupee. :cl

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I am planning to make one Kanal house in Bahria town C.Plz advise me that which block is better for starting construction immediately.Plz also inform that for house building Bahria c is better or overseas enclave A.Thanks

bungalow for sale pechs karachi

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Property & Wealth Tax

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Experts may like to discuss in this forum about the Property Tax and Wealth Tax which is expected to be announced within a month or two months period.

Let me add, this is the part of 10 points agenda announced by Mian Nawaz Sharif.

want to know the price/market value

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dear all

could someone let me know the price of i kanal plot in uet housing society lahore,its b block

i have a shop in zarina shoping mall libert market lahore (that mall is under construction 70/percent construction has been completed) its on the 3rd floor what could be the price of that shop..

pls let me know the price of both ,

best of regards


aamer

lnfo Regarding wapda emp. coop housing Sargodha

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Please give current status about development and sui gas provision.

thanks.