The government plans to cut taxes on the property sector and lure Middle East conflict-affected overseas Pakistanis to bring back their money without fear of harassment, aiming to encash the opportunity to boost the struggling sector, reported Shahbaz Rana of Express Tribune. Government and market sources told The Express Tribune that Prime Minister Shehbaz Sharif this week gave the go-ahead to finalise...
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"The Federal government on Sunday proposed a Rs36 billion mini-budget and eased restrictions on major purchases by individuals with insufficient declared assets." Shahbaz Rana of Express Tribune Reported. The revised criteria aim to address public concerns about the negative impact of the earlier blanket ban on economic activity by ineligible persons. With the introduction of a mini-budget before the...
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Over 200 kanal land of a cooperative housing society was illegally transferred to property tycoon Malik Riaz’s Bahria Town Lahore, the National Accountability Bureau (NAB) said, Daily Dawn Reported. NAB conducted an inquiry against officials of the Official Employees Cooperative Housing Society Ltd, revenue department and Bahria Town Lahore over the illegal transfer of the land. “The inquiry...
Real estate plays a major role in everyday economic survival but housing expenses take up a substantial portion of a household’s budget, leaving little room for savings, investments, or other essential expenses. The increasing cost of living — driven by inflation, utility bills, and everyday expenses — has made it harder for families from the middle-income group to sustain themselves, reported by...
Top City-1 housing, which is located adjacent to New Islamabad Airport, is fast developing and very famous society in the twin cities of Rawalpindi & Islamabad. Top City is situated in a very beautiful location and whoever watched the area, wants to buy and live in the society. Metro Bus also passes to this society coming from Peshawar Morr till New Islamabad Airport. Recently, Top City-1...
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Pakistan’s Prime Minister Imran Khan is expected to visit Beijing in early February. The visit is aimed at fast-tracking progress on China-Pakistan Economic Corridor (CPEC) projects and further strengthening ties between the two strategic partners. This will be the Pakistan premier’s fourth visit to China after his last visit in October 2019. Chinese President Xi Jinping cancelled all his official...
A Riyadh-based engineering and construction firm has signed an investment agreement in a $12 billion real estate project in the eastern city of Lahore with a Pakistani business consortium. An MOU between Sarh Attqnia Company (SAC) and the Pakistani party, Javedan Corporation, was signed in Karachi on Sunday for the construction and development of the first phase of upcoming ‘Ravi City’ project to be...
The Rawalpindi Ring Road project is being implemented very fast and in this regard PDWP (Provincial Development Working Party) has approved Rs 24 billion for PC-1 under which a 38.3 km main carriage will be constructed. This project will start from Banth at GT Road N5 till Thalian...
Interior Minister, Sheikh Rasheed Ahmed said that the Islamabad's new sector F-13 will be inaugurated on 23 March and that it will have flats for the people from the labor class. Sheikh Rasheed visited the apex civic authority and gave a number of directives to the city managers regarding the launch of the F-13 sector, the construction of the 7th Avenue interchange, the reconstruction of IJP road, and...
Federal government considered the much awaited infrastructure projects of the city of lights worth Rs739 billion titled Karachi Transformation Plan to be financed through public-private partnership (PPP). The Central Development Working Party (CDWP) granted its go ahead for undertaking the Karachi Transformation Plan (KTP) at an estimated cost of Rs739 billion that would be financed through the Public...
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