News

FBR to keep track of property dealing in cash

Federal Board of Revenue (FBR) has said that every cash transaction worth Rs 2 million or above for the purpose of sale or purchase of property is required to be reported. According to a report by ARY News, FBR has issued guidelines for real estate agents (REAs) under the Anti-Money Laundering (AML) and Counter-Terrorism Financing (CTF) regime brought in to meet the requirements of the Paris-based...

Computerization of land records in Sindh including Karachi

The Supreme Court directed the relevant authorities to end illegal occupation of state property across Sindh including Karachi. It further issued orders for the restoration of green belts, removal of encroachments from parks and playgrounds and ending the illegal occupation of land owned by the forest and irrigation departments across the province. The directive from a three-member bench headed by...

Supreme Court sought report on Illegal Housing on Kidney Hill Park

The National Account­ability Bureau (NAB) on Tuesday approved filing of a reference against Ejaz Haroon, former chairman of the Pakistan International Airlines, Abdul Ghani Majeed of Omni Group and others in an accountability court for their alleged involvement in illegal allotment of plots in Overseas Cooperative Housing Society, Kidney Hills, Karachi. The decision was taken at a meeting of the...

NAB Lahore returned money among the affectees of two illegal housing schemes

National Accountability Bureau (NAB) Lahore in a ceremony distributed cheques worth Rs 730 million to the affectees of Ferozpur Housing Society and Model Housing Enclave. NAB Lahore Director General Shahzad Saleem was chief guest while senior officers of NAB and hundreds of affectees attended the ceremony. Addressing on the occasion, the DG NAB Lahore said the main objective of Bureau was to serve...

Imran Khan to inaugurate Rawalpindi Ring Road, Survey started

Rawalpindi Ring Road project will be inaugurated by the PM Imran Khan soon, disclosed by Chairman Rawalpindi Development Authority (RDA) Raja Tariq Murtaza. Ring Road project will not only improve economic connectivity and road transport efficiency between the twin cities of Islamabad and Rawalpindi but also usher in a new era of development and prosperity in the region, according to him. Till now,...

PM was briefed about development of Sector E-11 Islamabad

Prime Minister Imran Khan chaired the weekly meeting of National Coordinating Committee for Housing, Construction and Development. The Chairman CDA briefed the meeting regarding the construction work in Sector E-11, Islamabad. The meeting was informed that separate rules have been framed for the projects in this sector and the pending projects will be completed soon. It was informed that in all new...

Islamabad’s Special Technology Zone on 120 acres of land approved

The cabinet has approved establishment of Special Technology Zone on 120 acres of land in Islamabad. Briefing media about the decisions taken by the federal cabinet, which met in Islamabad with Prime Minister Imran Khan in the chair, Minister for Information and Broadcasting Syed Shibli Faraz said the cabinet also approved the said plan. Sources in the CDA said the NIH had been allotted 600 acres...

Islamabad’s CDA sector to be inaugurated in March for low cost housing

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...

CDWP approved Karachi Transformation Plan

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...

Restore KCR completely, Supreme Court ordered

Karachi commissioner Navid Ahmed Shaikh oversaw on Tuesday the sealing of Tejori Heights- an under construction building being erected on a piece of land claimed by the Pakistan Railways and allocated for the Karachi Circular Railway (KCR) in Gulshan-e-Iqbal- bringing its construction to a halt. The move came following a Supreme Court order issued earlier this week. The bench had directed the builder of...

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