property investment

Bank Al Habib finally acquired one of the most expensive building in Karachi

Bank Al Habib Limited (BAHL) announced that it has purchased ‘Centrepoint Building’ from TPL Properties, located in Karachi. TPL Properties also notified to Pakistan Stock Exchange that “Further to our earlier disclosures of August 20, 2020 regarding sale of the Company’s flagship project “Centrepoint” located off Shaheed-e-Millat Expressway near KPT Interchange, Karachi, we are pleased to...

Hilton hotel returning & launching Doubletree brand in the Capital of Pakistan

Hilton has announced that it will be making its return into the Pakistan market, with an agreement with Dhabi Hospitality that will see the launch of the DoubleTree by Hilton brand in Islamabad in 2025. Carlos Khneisser, VP of development for the Middle East and Africa at Hilton, said that the landmark agreement signals Hilton’s highly anticipated re-entry to the Pakistan market. “We are doing so as...

RDA to develop aerotropolis around new Islamabad Airport

Rawalpindi Development Authority (RDA) has planned an aerotropolis in the city alonside Rawalpindi Ring Road and around Islamabad Airport, Chairman RDA Tariq Murtaza has confirmed. Chairman RDA said that the development work on the economic zones will be started as soon as possible. He said famous aerotropolis of special economic zones are mining, oil refinery, petroleum, engineering, IT Park, and...

PM directed to start Metro Bus service from Peshawar Morr to New Islamabad Airport

The Federal cabinet has directed the interior and communication ministries to devise a plan to operationalise Islamabad Metro bus service on priority basis, Pakistan Today reported. Prime Minister Imran Khan has taken serious notice of the delay in the operationalisation of the project and directed to take measures to start the service to provide smooth bus ride to passengers, sources informed, adding,...

CDA & NAB actions against illegal housing schemes in Islamabad

The Capital Development Authority (CDA) has decided to take action against the illegal housing societies which are looting the citizens. In the first phase, showcase notices are being served on illegal housing societies and then they are being sealed in the next phase. CDA has issued the list of illegal housing societies at its website to guide the citizens. However the process of taking action...

NHA approves Hyderababd-Sukkur M-6 Motorway

The National Highways Authority (NHA) Executive Board has reviewed its earlier decision and approved three mega road projects including Hyderabad-Sukkur Motorway (M-6), a critical component of the China-Pakistan Economic Corridor (CPEC) on Public Private Partnership (PPP) mode with an upfront government support in the form of Viability Gap Funding (VGF), Business Recorder informed. For this purpose,...

Karachi Circular Railway Resume Operations finally

After a successful trial run of the entire track, the Karachi Circular Railway (KCR) will reportedly commence operations from today. Karachi Circular Railway (KCR) inner-city train service, which was discontinued in 1999, restored its operation on November 19, 2020 Local mainstream media reported that the train traversed successfully from Karachi City Station to Orangi Station, prompting the...

PDA banned 181 Illegal Societies while owners of 119 illegal housing societies booked

The district administration of Peshawar banned 181 private housing societies in the provincial capital for functioning in violation of the prescribed regulations of Peshawar Development Authority under KP Govt. The ban was placed on the housing societies by the district administration on the recommendation of PDA. Out of 181 illegal housing societies functioning in provincial capital, 123 were in...

PM Imran Khan will lay foundation stone of Naya Pakistan Housing in LDA City

PM Imran Khan will lay the foundation stone of Naya Pakistan Housing Apartments in LDA City, Lahore, this month. Provincial Minister for Housing, Mian Mahmood Rashid, said that providing housing to low-income people is a priority for which the LDA team is working day and night to lay the foundation stone of the project and ensure construction of apartments in two...

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