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PM Incentives Scheme of Construction Industry registered 127 Projects Worth Rs. 63 Billion

The Prime Minister’s incentive scheme for builders & developers of Pakistan is now picking-up showing signs of success and a great amount of interest by the construction industry. According to the released information by the Federal Board of Revenue, till 19th October 2020, a total of 127 projects have been registered with a total projected cost of Rs. 63 billion. In addition, a total of 108...

Malir Expressway Karachi project expected to start next month

The ground breaking ceremony for a 39-kilometer Malir Expressway Karachi will take place in the second week of November, announced by the Sindh government, while also approving the construction of a link road for Korangi. Malir Expressway is the shortest and fastest way for connecting upcountry traffic with Port Region of Karachi. Sindh Chief Minister Murad Ali Shah made these decisions during a meeting...

Prime Minister to perform ground breaking of Rawalpindi Ring Road

Prime Minister Imran Khan along with Chief Minister Punjab Usman Buzdar would soon perform the ground-breaking of Rawalpindi Ring Road (RRR / R3) project. Chairman Rawalpindi Development Authority (RDA) Tariq Mehmood Murtaza said that an amount of Rs6.2 billion has been released for land acquisition of Rawalpindi Ring Road (R3) project. He expressed these views while addressing the business community at...

KDA & SBCA speedy permits for Low Cost Naya Pakistan Housing Scheme in Karachi

Karachi Development Authority (KDA) Director General Asif Ikram said that KDA was ready for joint venture with builders and developers for low-cost housing schemes. “We are trying to provide free land for Naya Pakistan Housing scheme in Sindh,” he said. Habib Bank Limited Head of Islamic Finance Salimullah Shaikh and Meezan Bank General Manager Tanveer Hussain said that banks were ready to...

Builders will pay 6 times lower tax under PM’s Construction Package besides markup subsidy facility

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...

Islamabad Master Plan to be completed before 2023

Federal government constituted a commission to review the master plan of Islamabad. Minister for Interior Ijaz Ahmed Shah informed the Senate that the constituted commission prioritized its work according to the Terms of References (TORs) for short and long term measures and gave its suggestions. He also said that the commission submitted various suggestion in this regard including reviewing proposed...

Lahore’s New master plan in 18 months

Lahore Development Authority (LDA) will prepare the new master plan for the provincial capital in 18 months. The new master plan will be prepared keeping in view the requirements of development till 2050. The LDA DG Ahmed Aziz Tarar said the new master plan will be prepared for all urban and rural areas within the limits of Lahore division.. Besides Lahore, the master plan will be prepared for 49 urban...

SBCA to affix QR barcodes on approved buildings in Karachi

SBCA is asked to display a board carrying QR Barcode-based approval at their under construction buildings in Karachi by Sindh CM Syed Murad Ali Shah, so that the people and the government could differentiate between the legal and illegal structure. He took this decision in a meeting with a delegation of Association of Builders & Developers (ABAD) led by its Chairman Mohsin Sheikhani held at CM...

Three companies shortlisted for preparation of Lahore Master Plan 2050

Lahore Development Authority (LDA) have shortlisted 3 companies for preparation of Lahore Masterplan 2050. Mr. S.M. Imran Munir, Vice Chairman LDA, revealed that LDA have issued RFP to these companies. The deadline to submit these documents is October 19, 2020. Seven companies submitted interest forms for the preparation of the master plan. The new master plan will be prepared for all urban and...

RDA approved the feasibility study for Metropolis Zone along with New Islamabad Airport

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...

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