Government issues ordinance to extend PMâs construction package
Builders and buyers don t have to reveal sources of income SAMAA | Shakeel Ahmed - Posted: Jan 22, 2021 | Last Updated: 2 months ago SAMAA | Shakeel Ahmed Posted: Jan 22, 2021 | Last Updated: 2 months ago
Laborers work on a building construction site in Karachi, Pakistan, Feb. 25, 2016. Photo: AFP
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President Arif Alvi has issued an amending ordinance for the construction sector to extend the amnesty scheme for another six months. The FBR will not be inquiring about sources of income from builders and investors till June 30.
The president issued the Income Tax Amendment Ordinance, 2021 for the construction sector. The prime minister had announced a six-month extension of the scheme on December 31.
Why 3D Printers shouldn’t be banned in Pakistan?
>3D printing is a manufacturing technique in which a stream of material is precisely extruded to form layers and build up a three dimensional object. It is one of the most useful emerging technologies and has been quoted to be potentially larger than the internet by The Financial Times and other famous news sources. Companies all over the world are finding applications for the manufacturing technique in industries such construction, automotive, education, medicine, and art.
While most countries are hard at work trying to promote the use of 3D printing by coming up with regulatory policies and adding the technology to their school and college curricula, Pakistan has taken the very easy route of banning the import of 3D printers into the country. The main reason behind this is that 3D printers may be used to make weapons and ammunition, which might prove detrimental to national security. Anyone wishing to import a 3D printer must f
Prices of steel bars, cement move up - Newspaper dawn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dawn.com Daily Mail and Mail on Sunday newspapers.
Cement, steel prices continue to soar
Uptrend hampering recovery of construction activities in country
Given the current jump in demand, the price of coal has jumped to $90 per ton. PHOTO: FILE
Owing to an expected jump in demand for steel and cement around the globe following the invention of Covid-19 vaccines, the uptrend in local prices for the two commodities has accelerated, which is hampering the recovery of construction activities in Pakistan.
Amreli Steels has announced a hike in the price of rebars by Rs5,000 per ton in addition to an increase of Rs5,000 per ton announced earlier during the month, said JS Global analyst Arsalan Ahmed in comments to The Express Tribune.