Builders and developers can save around six times on taxes if they register under the Prime Minister Imran Khan's construction package as it has a fixed regime. “This saving on tax will add up to whatever profit you make,” explained the FBR’s Abdul Hafeez while addressing them at a seminar on the ‘PM’s Package on Naya Pakistan Housing Scheme’ at the Association of Builders and Developers...
Rawalpindi Development Authority (RDA) approved the feasibility study for construction of Metropolis (Metropolitan area) Zone along with New Islamabad Airport was also approved. This was decided at the 49th governing body meeting of Rawalpindi Development Authority (RDA) was held at the Conference Room here on Tuesday. Chairman RDA Tariq Mehmood Murtaza chaired the meeting. The Governing body...
ECNEC has approved the Main Line-1 (ML-1) project, the largest railway project in the history of Pakistan. The project was delayed from 2016 to 2018, and during this time, apart from difficulties in arranging financial arrangements for the project, approval from MOPDR, CDWP, ECNEC could not be obtained. ایکنک نے مین لائن ون (ایم ایل ون) منصوبے کی منظوری دے دی...
The construction of China-Pakistan Economic Corridor (CPEC) and special economic zones is a catalyst for Pakistan’s industrialization. CPEC is promoting the transfer of China’s manufacturing industry to Pakistan and pushing Pakistan’s development onto a fast track. So far, remarkable success has been achieved in the CPEC development. The construction of corridor projects is progressing well. In the...
A soft launch ceremony of Quaid-e-Azam Business Park, another CPEC's Special Economic Zone (SEZ) located in Sheikhupura. held in Lahore today, by PM of Pakistan. The launch of Quaid-e-Azam Business Park was due on the 28th March, 2020, only a few weeks after the Prime Minister inaugurated another special economic zone (SEZ) near Faisalabad (Jan, 2020). This SEZ, Allama Iqbal Industrial City, was...
The Senate was informed about the recently signed agreement with China for ML-1, that it will be upgraded from Peshawar to Karachi under China-Pakistan Economic Corridor (CPEC) Project. The ML-1 project will be completed in the next five years. A 1,872km-long track from Peshawar to Karachi will be laid out in addition to the existing one – turning it into a double track route– at a cost of $8.2...
Prime Minister Imran Khan will perform ground-breaking ceremony of two major housing projects in Islamabad and Quetta (Balochistan) during this month. PM was informed that 110,000 units would be constructed in Quetta and Gwadar The Prime Minister expressed satisfaction over the steady progress being made in the Naya Pakistan Housing Program and the huge interest being evinced by the international...
Prime Minister of Pakistan, Imran Khan, expected to Inaugurate Gwadar Expo2019 on 28th March 2019. Prime Minister will also perform ground breaking of Gwadar Airport on March 28th 2019. Gwadar International Expo will be held for two days, i.e., 28-29 March 2019.The Gwadar port is a key project in China’s One Belt, One Road initiative (South China Morning Post), which seeks to build strong economic...
Prime Minister Imran Khan during a recent meeting held to review progress on CPEC was informed that Rashakai-KP, Dhabeji-Sindh and M-3 Faisalabad-Punjab SEZs would be ready for ground-breaking by June this year, which was very encouraging. However, ground-breaking of the SEZ in Islamabad could get unnecessarily delay as the government has not selected any site or acquired land for this project so far....
Construction of the proposed Gwadar International Airport in Pakistan is scheduled to start in April this year following the completion of planning work. The $246m airport is located in the province of Balochistan region, near Iran and Oman borders, and is said to be the largest in Pakistan. According to the latest official record, the design and work plan has been approved and the construction...
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