EARTHLINK CELEBRATING 16 YEARS OF SUCCESS WITH MAJOR DEVELOPMENTS IN REAL ESTATE

EARTHLINK CELEBRATING 16 YEARS OF SUCCESS WITH MAJOR DEVELOPMENTS IN REAL ESTATE 

 

Earthlink Developments has gained remarkable success in the real estate industry of Pakistan by accomplishing luxurious projects from the past 16 years. Earthlink is constantly working with a cohesive unit of top industry experts and professionals to create world-class, modern, luxurious multi-story real estate projects incorporate top of the line amenities. Over the years, we have garnered the trust of thousands of investors and clients across the nation. With proven excellence in the real estate industry, Earthlink has accomplished an array of high-end real estate projects in best locations equipped with high standard amenities and services.

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Prime Minister Imran Khan Announces Incentives For Construction Sector, A Major Development In Construction Sector

Prime Minister Imran Khan Announces Incentives For Construction Sector, A Major Development In Construction Sector

Prime Minister Imran Khan announced an incentivized package for the construction industry in order to increase employment opportunities in the country in the wake of coronavirus outbreak. He said that the sector plays an important part in the development of a country.

The package has the following incentives:

  • All the people investing in the construction sector this year will not be questioned about their source of income.
  • The tax rate will be fixed for the construction sector, and constructors will be charged tax per square foot or square yard.
  • People carrying out construction in the Naya Pakistan Housing Scheme for the poor will only have to pay 10 per cent of the fixed tax.
  • Withholding tax will be waived off for all construction sectors except the formal sectors of steel and cement.
  • Sales tax will be reduced in coordination with provinces.
  • Any family selling their house will not have to pay any capital gains tax.
  • A subsidy of Rs30 billion to be given for the Naya Pakistan Housing Scheme.
  • Construction sector to be given the status of an industry.
  • Construction Industry Development Board to be set up to support the sector.

The prime minister said that the government aimed to “find a balance” between continuing a lockdown and avoiding unemployment. He said that the Western countries are facing the coronavirus on one hand and economic fallout on the other. But “in Pakistan, we have corona on one hand and poverty on the other,” he told reporters and added: “You cannot lock up 220 million people.”

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CORONAVIRUS COVID-19, A POTENTIAL DISASTER THAT TEETERED PAKISTAN

CORONAVIRUS COVID-19, A POTENTIAL DISASTER THAT TEETERED PAKISTAN 

The number of coronavirus cases in Pakistan has climbed to more than 2000Currently, Pakistan has the highest number of cases in South Asia and its far more than the neighbor country, India. Considering the present situation of Pakistan, the government took some important steps to reduce the cases of coronavirus from the country. From the past two weeks, the ministers of every province in Pakistan took some steps in order to curb the coronavirus outbreak. Each of the provinces in Pakistan executed varying levels of lockdown as the number of coronavirus cases rose instantly in the country. But still, the country is facing serious challenges to deal with this pandemic outbreak. 

Pakistan faces prominent challenges to deal with the current situation  

 

The country gravely mishandled the return of coronavirus-infected pilgrims from Iran, and most of the infected patients came from Iran. Not only that the country is also facing the challenges to deal with the rising patients. Muslim-majority countries, including Saudi Arabia, have canceled communal prayers, Pakistan’s mosques remained open for several weeks.  The health system of Pakistan, with dated and limited public health facilities, created the issues for the doctors and patients. Pakistan is woefully unprepared to deal with COVID-19 outbreaks and with the influx of critically ill patients. Doctors lack personal protective equipment that has caused health risks for them, at least one of the nine victims so far is a doctor. 

The consequences of letting coronavirus spread further would be devastating for the countryThe initial response of the country is already exposing that is concerned with the political patternsincluding the powerful army asserting competence over the civilian government. 

An Influx of COVID-19 positive cases from Iran 

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THE GLOBAL CORONAVIRUS OUTBREAK AND THE CREATION OF A NEW WORLD

THE GLOBAL CORONAVIRUS OUTBREAK AND THE CREATION OF A NEW WORLD  

 

COVID-19 will reshape our world, it is not sure when this outbreak will end up but it is sure that by the time it does, our world will look very different. The global world is experiencing the change because of the pandemic and it will result to create a new world.  The novel coronavirus epidemic that started in Wuhan, China on December 8, 2019, has infected more people than the Severe Acute Respiratory Syndrome coronavirus (SARS-CoV) and the Middle East Respiratory Syndrome coronavirus (MERS-CoV) combined. 

Coronavirus (COVID-19) and the Global war  

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