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Power Division Denies Plan to Penalize Industries Moving to Solar Energy
▫️Proposed tariff model is optional and aimed at offering alternative cost structures for industries with stable and round the clock electricity demand
Oman: Residential and Commercial Property Prices Rise as Real Estate Price Index Increases by 15.9%
▫️Residential land prices in Muscat recorded a 43.6% year on year increase
Senate Standing Committee Approves Major Tax Relief for Pakistanis Owning Foreign Assets
▫️Proposal seeks abolition of Capital Value Tax on foreign movable and immovable assets; finance committee also approves re audit powers, inventory revaluation rules and stricter penalties against fake tax invoices
Karachi to Develop Mangroves and Biodiversity Park at China Creek
▫️Mayor Murtaza Wahab says the initiative will support climate resilience, and protection of Karachi’s coastal ecosystem
LDA Launches Major Operation Against Illegal Commercial Buildings, Seals 215 Properties
▫️Operations were carried out in Gulberg, Faisal Town, Samanabad, Shadbagh, Gulshan Ravi, College Road, NFC, UET Private Society, Allama Iqbal Town and Defence Road