Al Nasr, Barcelona, Empire Excel At Dubai Summer Open – Dubai Blog
The Dubai Summer Open for Football Academies, the largest tournament of its kind in the region, concluded with great success with Barcelona and Empire FC Blue hogging the limelight. Organised by the Dubai Sports Council and the UAE Football Association, in cooperation with Delta Sports Events – the tournament’s operational partner – the football extravaganza for juniors aims to enhance the Council’s efforts to attract and develop emerging sports talent, while implementing its policy that was launched in implementing the Dubai Government’s directives to attract and develop talent in all disciplines. More than 12,000 male and female players, ...
Booming real estate sector contributes just Rs23 billion in taxes
ISLAMABAD: The tax contribution by Pakistan’s booming realty sector, where most of the untaxed money is parked, stood at only Rs23 billion or less than 0.1% of the size of national economy in the previous fiscal year.To tackle such challenges posed by a weak tax administration and a culture of tax evasion, the Pakistan Tehreek-e-Insaf (PTI) government may appoint the Federal Board of Revenue’s (FBR) chairman from the private sector.The realty sector, where huge black money is parked, paid slightly over Rs23 billion in the last fiscal year 2017-18. This included tax collection under an amnesty scheme for ...
Real estate business adjusts after new regulations
KARACHI: Pakistan's real estate sector seems to be experiencing a slowdown in activity as stakeholders are now getting used to new regulations and the tax regime.The rough patch comes after the government introduced various changes in a bid to increase its revenue and control the flow of illicit money into the sector, cornering speculators and non-filers of income tax returns.Key reforms for Pakistan’s real estate sector hit a snagHowever, in a survey conducted by The Express Tribune, several real estate agents say there has been a major slowdown in business for several months, and it started even before ...
Withdrawal of ban on non-filers augurs well for real estate sector
KARACHI: The real estate sector had been struggling due to the government's condition that had prohibited non-filers of income tax returns from buying property valued above Rs5 million, However, now, with the ban withdrawn, the sector is expected to flourish again and attract foreign exchange from expatriates.On Tuesday, the government removed the ban, announced by former finance minister Miftah Ismail in April, earlier this year, which was applicable from July 1, 2018. Reacting to the decision, Ismail expressed his displeasure on Twitter and accused the incumbent government of falling to the pressure of auto companies and land developers.Booming ...
RatedG.ai Launches Brand Advertising Videos Channel – Dubai Blog
The growth of AI-generated corporate advertisements is accelerating rapidly due to technological advances, cost efficiencies, and shifting consumer expectations. According to Sharad Agarwal, CEO of Cyber Gear and Founder of RatedG.ai, “We are seeing increasing number of corporates jumping on the AI-Creative bandwagon. Large enterprises like Coca-Cola, Nike, Nestlé and Volvo are experimenting with AI-generated ad content for personalization and scale.SMEs and startups are leveraging AI tools like Runway, Synthesia, and Lumen5 to produce professional-grade ads on a fraction of the traditional budget.” AI Capabilities Text-to-video models (e.g., OpenAI’s Sora, Runway Gen-3) can create storyboards, edit scenes, and ...
Eighteen hosts event for real estate consultants
KARACHI: Pakistan’s most luxurious and modern residential project organised an event, which served as a platform for its real estate consultants (RECs) and investors of Karachi to interact and invest in the country’s finest residential project on offer. Eighteen Chief Commercial Officer Ali Abdel Ghaffar, while praising the all-out efforts and extended support of the RECs and investors in Karachi, said, “Eighteen’s journey of success wouldn’t have been possible without the never ending trust shown from our RECs and investors since the journey commenced.” He said, “Eighteen not only offers a home to its consumers but also offers ...
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