Islamabad Capital Territory (ICT) has been divided into five zones. Three out Five Zones, i.e., Zone-2, Zone-4, and Zone-5have been earnmarked for Planning & Development of Housing Schemes / Agro Farming Schemes by the private sector i.e., Cooperative Housing Societies or Private Limited Companies. Such Private Schemes are also allowed in Sector E-11, Islamabad. Two steps approval of Private...
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....
Ministry of Science and Technology has formulated a plan to establish a science and technology park in Islamabad, APP reported on Monday. The park will facilitate the students with modern tools for scientific research. The eventual aim of establishing the park is to endow aspirants with up to date amenities for scientific research under one roof. In this regard, the COMSATS University...
Real estate sector of Pakistan considered as the multi-million $ industry of country, the biggest sector of job employment and once used to contributes over 2% of total GDP of Pakistan. Now due to uncertainty in the Real Estate and its reforms, business in this sector fell and due tot he reason Govt got only Rs23 million or less than 0.1% of the size of national economy in the previous fiscal...
Real Estate is one of the major sectors for generation & investment of unaccounted money known as "black money". The Benami Act is to curb black money transactions to ensure that all real estate transactions are conducted in the name of the actual owner where the consideration is paid from his known sources. This will increase the tax revenue for the Govt by stopping black money from pumping...
In the absence of a focused national policy and lack of regulatory framework, the existing laws has failed to maintain a vigilant and a system of proper check and balance in this sector, which results in the general public as well as commercial investors losing their hard earned money at the hands of felons and other factors, causing instability in the sector and further disrupting the ease of doing...
A high-level meeting was held at Punjab House, Islamabad under the chair of Punjab Chief Minister Sardar Usman Buzdar to review different matters pertaining to Lai expressway project on Friday. The Chief Minister was given briefing and detailed discussion was held about different aspects of the project. Usman Buzdar issued directions to line departments. Addressing the meeting, the Chief Minister...
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...
Federal Government has released around one billion rupees for Islamabad Metro Bus extension project from Peshawar Morr to New Islamabad International Airport (IIA). The money has been released under the Public Sector Development Programme (PSDP) 2018-19. The entire project was estimated to cost Rs16.46 billion to build. Until June 2018, planning ministry data shows that Rs6.46 billion have so far...
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