Pakistan

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...

Karachi Circular Railway project will be completed in three years

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...

FBR significantly changes the CGT on disposal of immovable property besides relaxation on source of fund

Federal Board of Revenue (FBR) has made significant changes in the taxation of capital gains on disposal of immovable property of Pakistan.  Amendment in the Income Tax Ordinance 2002, through the Finance Act 2020, reduces holding period and tax rates on different amounts for computation of capital gains on disposal of immovable property According to a Circular No. 3 issued on September 3, 2020 by...

MoU Signed for feasibility of Rawalpindi-Islamabad Circular Circular Railway

The Federal & Punjab governments signed a memorandum of understanding (MoU) with the China Civil Engineering Construction Company (CCECC), to begin the feasibility study of the Rawalpindi-Islamabad Circular Railway project. The MoU was signed by Capital Development Authority (CDA) Member Planning Dr Shahid Mehmood on behalf of the federal government, Rawalpindi Development Authority (RDA) Chief...

ECNEC approved CPEC’s largest project ML-1 which create huge job opportunity

ECNEC has approved the Main Line-1 (ML-1) project, the largest railway project in the history of Pakistan. The project was delayed from 2016 to 2018, and during this time, apart from difficulties in arranging financial arrangements for the project, approval from MOPDR, CDWP, ECNEC could not be obtained. ایکنک نے مین لائن ون (ایم ایل ون) منصوبے کی منظوری دے دی...

Regi Model Town’s zone-1 dispute resolved while large Sports Complex is planned

Present Provincial Govt of KPK successfully resolved the long disputed land issue between the state and Kooki Khel tribe (& allies) in Zone-1 of Regi Model Town Peshawar. This land issue is long disputed since 1990s. An international level sports stadium (over 350+ kanals) is being assessed for people of Peshawar. This 350 kanal Land in Regi Model Town handed over by PDA to Directorate of Sports for...

Special Economic Zones to revolutionize industrial & economic growth of Pakistan

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...

Chief Minister visited Rawalpindi to inspect progress of Lai Expressway

Chief Minister Punjab visited Rawalpindi to inspect progress of Lai Expressway & Nullah Lai cleaning drive. وزیر اعلی پنجاب کا روالپنڈی میں مجوزہ " " کےعلاقےکا دورہ یہ پراجیکٹ کٹاریاں پل سے براستہ عمار چوک 16 کلو میٹر اور 4 انٹرچنیجز اور واٹر ٹریٹمنٹ پلانٹ پر مشتمل ہو گا جس...

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