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 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...
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...
The bogies for the Karachi Circular Railway have been finally prepared signalling that the service will soon be launched for a 43-kilometer long track spread across the city. It was discussed in the progress review meeting of Karachi Circular Railway (KCR) project which met here with Federal Minister for Planning, Development and Special Initiatives Asad Umar in chair. Railways Secretary, CEO PPP...
The construction of China-Pakistan Economic Corridor (CPEC) and special economic zones is a catalyst for Pakistan’s industrialization. CPEC is promoting the transfer of China’s manufacturing industry to Pakistan and pushing Pakistan’s development onto a fast track. So far, remarkable success has been achieved in the CPEC development. The construction of corridor projects is progressing well. In the...
Preparations are being made for test trial of Karachi Circular Railway (KCR) project, as six-month deadline set by the Supreme Court for making this project functional, is approaching next month. Karachi Commissioner Mr. Iftikhar Ali Shallwani held a meeting regarding the revival of the Karachi Circular Railways (KCR). Commissioner Karachi Iftikhar Shalwani inspected the track laying process started...
Cement sector sales up 30pc in June 2020 in Pakistan Domestic uptake increases 19.6pc to 3.83m tonnes in June 2020, while exports surge 123pc to 0.78m tonnes Overall cement consumption in FY20 inched up 2pc to 47.81m tonnes, mainly on the back of 19.8pc growth in exports Pakistan’s cement industry during the FY19-20 (July 2019-June 2020) recorded a rise of two per cent to 47.81Mt in total cement...
The federal government allocated an amount of Rs1,500 million, for operationalisation of train on existing Karachi Circular Railway (KCR) alignment in the budget for the fiscal year 2020-21. The Sindh government has allocated Rs3bn for the construction of underpasses and overhead bridges over railway crossings along the KCR route. According to the budget document, the Sindh government has allocated...
The Supreme Court on Monday reserved its judgment in the Bahria Town implementation case. Supreme Court sought a new report from the Survey of Pakistan on the demarcation of Bahria Town Karachi while taking notice of the occupation of more land than the allotted one. Attorney General, instead of asking money for the federal government, requested to spend it through a judicial committee and said a...
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