Sale of real estate in Pakistan normally takes place through a title document known as a Sale Deed, except in certain cases e.g. purchase of real estate in Defence Housing Authority (DHA) or in a housing society where sale deed is not executed for transfer of title in real estate and an allotment letter/transfer letter […]
Tag: banking law firms Pakistan
Contingent Professional Fee!
Client asks his lawyer that “what does contingent professional fee means?”, lawyer answers, “A contingent professional fee to a lawyer means, if I lose your suit, I get nothing. BUT If I do win it, you get nothing”
Quaid: Pakistan’s Founding Lawyer Speaks
Quaid-e-Azam ( Muhammad Ali Jinnah ) Said It “I have nothing to do with this pseudo-religious approach that Gandhi is advocating” Jinnah speaking to Durga Das in London “Come forward as servants of Islam, organise the people economically, socially, educationally and politically and I am sure that you will be a power that will be […]
Income Tax
Income Tax in Pakistan is one of the top most contributors to Tax income of government of Pakistan. Many changes in taxation has been introduced to promote income tax registered persons as opposed to non-registered persons. Taxation according to a person’s ability to pay is universally accepted principle, and income is considered a satisfactory though not […]
What is the Law for Leases (LandLord & Tenant Law) In Pakistan?
Law for the Landlord Landlord must ensure that lease of an immovable property is executed in writing. Lease of immovable property for a period of less than a year does not require compulsory registration. However, lease of immovable property for a period of more than a year must be registered. If the tenant refuses to […]
How to do Foreign Investment in pakistan?
Various Corporate structures are available for setting up a place of business in Pakistan for which Masood and Masood, Corporate and Legal Consultants can gice you the best advice in all of Pakistan Law Firms. In terms of the Investment Policy of the Government of Pakistan, there are three (03) ways, whereby, a foreign company may […]
Has Pakistan entered into Agreement for Avoidance of Double Taxation with other countries?
The Government of Pakistan has so far signed agreements to avoid double taxation with 47 countries including almost all the developed countries of the world and such agreements are being signed with other countries as well. These agreements lay down the ceilings on tax rates applicable to different types of income arising in Pakistan. They also […]
Imran Khan: Pakistan’s Legendry Bowler Said It
” Actually you know we were more thinking of this election as basically a victory because we were zero in September. No one knew us. There was no party. ” ” And neither did we confuse the people who wanted to vote for us, in Pakistan the issue is not whether you are […]
In Lawyers we Trust
A defense attorney was cross-examining a police officer during a murder trial – it went like this: Q. Officer, did you see my client fleeing the scene? A. No sir, but I subsequently observed a person matching the description of the offender running several blocks away. Q. Officer, who provided this description? A. The officer […]
How can a company / person purchase /acquire a Real Estate in Pakistan Law?
Purchasing a real estate in Pakistan can be atricky process due to lack of a standardised system,therefore, a complete and thorough search in respect of title of the seller to the real estate must be carried out. A general practice is to investigate title of the current vendor and any previous owner(s) for the last […]