BEIJING: China further reduced bank lending costs on Thursday in the latest move to boost its stuttering economy, providing some much-needed support to the country’s beleaguered developers. Property firm shares and bonds surged on the fresh rate cut from the People’s Bank of China, the second in two months, days after Beijing reported slower growth … Read more
KARACHI: The apex tax body of the country has imposed a condition on builders and developers under the Anti-Money Launder Act, 2010 regarding transfer and registration of property. In this regard, the Federal Board of Revenue (FBR) issued a notification on Monday, saying that the AML 2010 empowered the revenue board, inter-alia, to licence or … Read more
ISLAMABAD: Estate developers from Dubai, attracted by incentives and conducive environment provided for the construction industry, are set to enter Pakistan with billions of rupees investment. For Pakistan’s real estate sector, a Dubai-based Samana Developers has signed a key partnership agreement with H&S Real Estate, it was announced at a joint press conference in Dubai, … Read more
SAN FRANCISCO: A US judge on Tuesday rejected Apple’s request to delay letting App Store offerings bypass its payment system as ordered by the court, saying it had 30 days to comply in a case brought by Epic Games, the creator of Fortnite. Apple wanted the change — ordered to be implemented by a December … Read more
