RIYADH: Saudi Arabia is planning to introduce a 2.5 percent tax on unused land in areas earmarked for development. During an initial phase, only substantial plots of land in Riyadh will be subject to the levy. Later it will be expanded to other areas of the country and to smaller plots, to boost housing supply in the country. In May last year, the country said that the tax would be levied on individuals and non-government entities.
Record petroleum levy collection as citizens face costliest fuel prices
ISLAMABAD: The current federal government has completed two and a half years in office, during which citizens have faced record-high...
