Punjab Govt has planned to build the apartment complex on an area of around 8,500 kanal for 35,000 units for Naya Pakistan Housing in Lahore within three years. Lahore Development Authority (LDA) has finally succeeded in reducing the cost of a 650 sq. ft single-storey housing unit from over Rs3.855 million to Rs2.224 million in the first phase of LDA’s Naya Pakistan Housing Scheme in Lahore. Under...
Prime Minister Imran Khan announced that the Govt of Pakistan has extended the fixed tax regime to Dec 31, 2021. He said this had been a big demand from the construction industry which was why they were given an "extra year". The Prime Minister said, "We believe that the economic activity that this will generate only in Punjab will be equivalent to Rs1,500bn and will result in 250,000 jobs. Similar...
Capital Development Authority (CDA) Islamabad has attracted the highest investment in its history. CDA was able to gather an investment of Rs 17 billion in 3 days. CDA had selected 24 plots for this auction of Blue Area plots. Bids worth Rs17.04 billion approved at the end of 3 day auction equal to 2 years earnings of CDA. The largest plot sold was 7000 yards (1.75 acres). Highest ever bid...
PM to inaugurate three mega projects which will ease traffic congestion in the Islamabad Capital Territory (ICT). Prime Minster will do ground breaking of mega projects of Islamabad/Rawalpindi including Korang Bridge PWD Underpass Rawal Dam Interchange. PM Imran has directed Capital Development Authority (CDA) for early completion of Rawal Dam Interchange, Korang Bridge and PWD Underpass...
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...
BRT Peshawar project started in Oct 2017 only 7 months or so before end of tenure. Its expected that soft launch of BRT Peshawar would still be 23rd March 2019. Though the Bus Rapid Transit (BRT) project is facing delays and criticism, it would have 13 unique features that distinguish it from the other three metro-bus systems operating in Lahore, Islamabad and Multan. As per the official...
The prices of the housing units under Naya Pakistan Housing Scheme have been fixed. Media reports said that the rates of the houses have been fixed. Under the scheme, a 3-marla house will be priced at Rs 16.5-17.5 lac while a 5-marla house will be available at Rs 21-23 lac. These homes prices would be paid with some down payment and rest of the amount will be on installments. Govt...
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