After Canal Road and Jail Road, Ferozepur Road will also become a signal free corridor decided by Lahore Development Authority. The LDA has designed a protected U-turn on Qainchi & at the Walton stops. PHA has issued the NOC, in this regard. Under the plan, a new road and a new U-turn will be built. For which Burlab Road land on Ferozepur Road will be acquired. For the project, LDA has...
The govt of Pakistan is considering giving 3-6 months extension in Prime Minister Imran Khan’s tax amnesty scheme for the construction sector. The scheme is going to expire on tomorrow. According to State Bank of Pakistan, on the back of the government housing package, strong construction momentum drove up cement sales to record levels in Q1 FY21. The deliberations to extend the scheme have...
Pakistani ambassador to Germany, Dr Mohammad Faisal, said on Tuesday he had met Dieter Mettke from the multinational IKEA conglomerate who was en route to Pakistan to start IKEA operations there. “Met Dieter Mettke @IKEA_Deutchland. He is going to #Pakistan to be Incharge of #ikea operations,” Ambassador Faisal said on Twitter. “We look forward to #ikea opening up stores in major cities of...
Lebanese Consortium, Darul Handsa, has been selected after evaluation of the technical proposal submitted by the three companies for preparation of new Master Plan 2050 for Lahore, the provincial capital. Lahore Development Authority Director-General Ahmed Aziz Tarar chaired a meeting of the consultant committee to finalise who will be selected. A financial bid of Rs520 million for the qualifying...
Keeping in view the increasing population as well as various urban issues, the government has finally decided to bifurcate Lahore City district into City and Saddar districts, in order to manage the administrative and financial matters in a better way. The Lahore DC explained that the proposal of the creation of two new administrative districts, namely Lahore City and Lahore Saddar, in the present...
Punjab Government has issued clear instructions for swift solution to overseas Pakistanis' problems. Punjab Govt has also opened numerous “Arazi record” centres, satellite and mobile arazi centres in the past some months, so that registry system been computerized. According to a Punjab Land Records Authority report, ownership records and rural landscape data has been computerized. The...
Prime Minister Imran Khan was told that the Chinese government and companies were keen to invest $ 3 billion in the Ravi City project in Lahore and that the investment did not include any kind of loan. PM informed that ANGCC - a Global Investment Consortium, had also offered to invest $ 5 billion in the project on partnership basis. The prime minister, who was presiding over a meeting of the working...
Lahore Development Authority (LDA) has approved the construction of 4,000 apartments under Phase 1 of the Naya Pakistan Housing Scheme. This project will cost approximately Rs. 10 billion and citizens will receive prior facilitation to buy the apartments. All the citizens who would be provided mortgage facility by Naya Pakistan Housing Authority and the commercial banks will now be eligible for...
A smart city is an urban area that uses multiple latest available options of efficient & fast network system, apart from other modern facilities like education, health & sports facilities, modern security system, as well as their own water & sewage treatment plants. The Smart City housing concept integrates various systems with the help of latest concepts of “Information &...
The government of Pakistan has reduced interest rate by 90% for low-cost houses, while the banks are providing loans on 5% mark-up for 5 marla houses and 7% for 10 marla houses. For this purpose, the loans are being provided by various banks which have also established special desks named “Mera Pakistan Mera Ghar” to facilitate the customers for availing loans and providing information regarding...
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