Punjab Approves Land Allotments, E-bus Initiative & More Projects Lahore: The Punjab Cabinet has authorised the allocation of 100,000 acres of land to landless farmers, as well as other initiatives such as an e-bus service and a historic community wedding programme. As stated on October 9, this area would be leased for temporary agriculture for three to five years. According to the details...
CDA and IAP Join Forces for Urban Development and Architectural Innovation Islamabad, Pakistan: The Capital Development Authority (CDA) and the Institute of Architects of Pakistan (IAP) have agreed to work together to improve Islamabad's urban development and architectural landscape. In a recent meeting, CDA Chairman Muhammad Ali Randhawa met with an IAP team led by President Ar. Zulfiqar Ali. The...
KP Govt To Install Chairlift from Naran to Saiful Muluk Lake The government of Khyber Pakhtunkhwa intends to construct a chairlift as part of a public-private partnership project to link Naran and Saiful Muluk Lake. This new chairlift will make it easier and more interesting for tourists to reach the lake, which is projected to increase tourism in the stunning Kaghan Valley. Many tourists find the...
CM Punjab Launches ‘Apni Chat Apna Ghar’ Program LAHORE: Punjab Chief Minister Maryam Nawaz Sharif officially launched the “Apni Chat Apna Ghar” program under which the Punjab Government will offer interest-free loans of up to Rs 1.5 million, repayable in easy instalments over seven years. Speaking at the inaugural ceremony of the program, she emphasized that the Apna Ghar Scheme is...
CDA To Launch Online Building Plan Approval System ISLAMABAD: The Capital Development Authority (CDA) plans to establish an Online Building Plan Approval System, which will be available both through a dedicated online portal and as part of a complete super app that the CDA will be launching soon. With the use of this new digital solution, citizens will be able to submit and follow their applications...
FBR Eliminates Holding Period for Property Capital Gains Tax in 2024 The Federal Board of Revenue (FBR) has repealed the holding term requirement for property capital gains tax for properties purchased on or after July 1, 2024, according to press reports. (Lahore, August 2024) In a recent development, the FBR eliminated all holding term limitations for capital gains tax for properties...
The Best Way to Overcome Real Estate Market Inflation Tips for Investors and Home Buyers The real estate market in Pakistan, like in many other countries experience times of "Inflation" in which property prices rise, competition heats up, and the supply of attractive homes becomes scarce. Whether you're a homebuyer or an investor, here are some helpful techniques to help you get through these...
Investing in Pakistan's Tourism Real Estate: A New Frontier Post Big City Setbacks Introduction There have been notable declines in the real estate markets of major cities in Pakistan that have led to investors opting for other alternatives. As urban centers lose their appeal, attention moves towards expanding tourism real estate in places such as Kalam in Swat which are endowed with scenic beauty and...
Best Real Estate Project in Kalam, Swat: Featuring Landster Spanish Hotel Apartments Introduction Kalam, Swat, often referred to as the Switzerland of Pakistan, is rapidly emerging as a hotspot for real estate development. Known for its stunning natural beauty, breathtaking landscapes, vibrant culture. improving infrastructure, and increasing tourist appeal, Kalam offers a range of...
Which Is Better for Investments, DHA Islamabad or Bahria Town Rawalpindi? DHA Islamabad and Bahria Town Rawalpindi are the most well-known and reputable housing brands in Pakistan. These two real estate heavyweights have been working together for decades, delivering a variety of luxury home projects across Pakistan. However, the Islamabad-Rawalpindi branches are regarded as superior...
Budget 2024-25: PM Shehbaz Leads NEC Meeting on Development Programmes ISLAMABAD: The National Economic Council (NEC) will meet under the direction of Prime Minister Shehbaz Sharif at PM House to complete the development plan for the upcoming fiscal year. In addition, the four provincial chief ministers and representatives from the federation and provinces will discuss the development programme for...
Pakistan-China Investment Agreement for New Projects ISLAMABAD: To encourage investment in important projects, the National Bank of Pakistan and China Pakistan International Silk Road Industry Investment Management Company Ltd. have inked an MOU. The objective of this agreement is to: Promote industrial collaboration. Support the creation of special economic zones. Increase...
Japan commits USD 9.8Mn grants for ISB’s Projects Islamabad: The Japanese government has allocated further grants totalling around USD 9.8 million for two projects in Pakistan. These initiatives include "Installation of Weather Surveillance Radar in Sukkur City" and "Extension of Maternal and Child Health Care Facilities in Sindh." These grants are primarily intended to...
CDA Establishes Division for Urban Growth Management Islamabad: CDA to deal with the problems caused by fast urbanisation and the growth of private housing societies In order to address the growing concerns arising from the proliferation of private housing projects and the surging population in Islamabad, the Capital Development Authority (CDA) has made the decision to establish a dedicated division...
What Type of Property is Most Profitable? Which types of property are the most profitable to invest in? It is a common question among people interested in real estate investing. The most suitable plan of action will depend on your investment objectives, available funds, market conditions, and level of risk tolerance. In this piece, we'll go over the advantages and disadvantages of several types of...
CDA plans to build a commercial tower in Sector G-8 to meet Financial Stability Islamabad: The Capital Development Authority (CDA) is building the CDA Tower in Sector G-8 to improve financial stability. CDA Tower Project This project was developed in collaboration with the private sector, demonstrating a strong commitment to innovation and economic development. The skyscraper has been designed as...