Construction and development

PM Development Programmes

Budget 2024-25: PM Shehbaz Leads NEC Meeting on Development Programmes

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

Pakistan China Investment Agreement for New Projects

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...

Pakistan-Saudi Arabia Investment Conference

Pakistan-Saudi Arabia Investment Conference Kickstarts In Islamabad

Two-Day Pakistan-Saudi Arabia Investment Conference Kickstarts in Islamabad Islamabad: A Saudi delegation led by Deputy Investment Minister Ibrahim Almubarak arrived in Islamabad for a three-day visit. Jam Kamal, the Commerce Minister, and Musadik Malik, the Petroleum Minister, greeted the team at Nur Khan Airbase. The delegation has come to...

Japan and Pakistan

Japan commits USD 9.8Mn grants for ISB’s Projects

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...

Living Room Interior

Home Decor Ideas Inspired Your Living Room Interior

Home Decor Ideas Inspired Your Living Room Interior Turning your living space into your own haven requires making it both aesthetically pleasing and welcoming. A tastefully arranged living area draws attention from onlookers as well as improving the aesthetics of your house.  If you're feeling unsure about how to elevate your living room's design, you're in the right place. We'll look at five home...

CDA Urban Growth

CDA Establishes Division for Urban Growth Management

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...

Property Profitable

What Type of Property is Most Profitable?

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 introduces CDA Tower Project for Financial Stability

CDA introduces CDA Tower Project for Financial Stability

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...

Online Property Transfer Service For Expats

Punjab CM Announces Online Property Transfer Service For Expats

CM Punjab Approves Online Property Transfer Service for Overseas Pakistanis LAHORE: Punjab Chief Minister Maryam Nawaz has announced plans to develop an online property transfer service designed exclusively for overseas Pakistanis, with the goal of protecting expats from potential fraud. The newly elected provincial leader stressed the importance of this endeavor while chairing a special meeting of...

cement

Pakistan’s Cement Sector Sees Double Digit Profit Growth

Pakistan's Cement Sector Sees Double Digit Profit Growth Islamabad: Pakistan's cement sector posted a record earnings rise of PKR22.4 billion (US$58.18 million) in the second quarter of FY23-24, up 8% YoY. This considerable increase in earnings is mostly driven by the sector's improved gross margins and other income. According to Topline Pakistan Research, Lucky Cement (LUCK)...

Punjab CM Launches “Sarkein Bahaal, Punjab Khushhal” Project

Punjab CM Launches “Sarkein Bahaal, Punjab Khushhal” Project

Punjab CM Launches “Sarkein Bahaal, Punjab Khushhal” Project Lahore: During a special meeting to improve Punjab's socioeconomic development, Chief Minister Maryam Nawaz announced the "Sarkein Bahaal, Punjab Khushhal" project. CM Punjab has issued an order requiring all roads in the province to be restored within the next six months. The repair and restoration work will encompass both...

CDA Plant 10 Million Trees in Margalla Hills

CDA Announces Plan to Plant 10 Million Trees in Margalla Hills

CDA Announces Plan to Plant 10 Million Trees in Margalla Hills Islamabad: The Margalla Hills will once again be covered with forest, according to a project started by the Capital Development Authority (CDA) in a major step towards environmental conservation. The innovative project aims to plant 10 million trees throughout the Margalla Hills National Park with an investment of...

Babu Sabu Toll Plaza

CM Naqvi Orders Making Babu Sabu Toll Plaza

CM Naqvi Orders Making Babu Sabu Toll Plaza  Proactive Measures Transforming Babu Sabu Toll Plaza for a Smoother Commute Lahore: In a bid to address the persistent traffic issues at the Babu Sabu Toll Plaza, Chief Minister Punjab, Mohsin Naqvi, recently undertook a late night inspection of the site. The visit not only showcased the chief minister's hands-on approach but also emphasized his commitment...

FGEHA Acts Against Illegal Constructions in Islamabad Sectors G-12 and G-15

FGEHA Acts Against Illegal Constructions in Islamabad Sectors G-12 and G-15

FGEHA Acts Against Illegal Constructions in Islamabad's Sectors G-12 and G-15 Islamabad:The Federal Government Employees Housing Authority (FGEHA) recently conducted an anti-encroachment operation in sectors G-12 and G-15/3 in Islamabad. The operation, carried out in collaboration with the Deputy Commissioner, Encroachment Wing, Islamabad Police, and ICT Administration, targeted illegal constructions and...

FBR to Raise Property Rates and Revise Taxes Starting July 2024

FBR to Raise Property Rates and Revise Taxes Starting July 2024

FBR to Raise Property Rates and Revise Taxes Starting July 2024 In a recent announcement, the Federal Board of Revenue (FBR) in Pakistan, along with the government, has decided to increase property rates and revise taxes starting July 2024. This decision, approved by the World Bank under the "Pakistan Raises Revenues" loan scheme, aims to improve tax collection efforts across the country. Higher...

Novation Agreement in Real Estate

What is a Novation Agreement in Real Estate?

What is a Novation Agreement in Real Estate? Understanding Novation Agreements in Real Estate Introduction In the dynamic world of real estate transactions, novation agreements play a crucial role in facilitating seamless transfers of contractual obligations between parties involved. Novation is a legal concept that enables the substitution of one party in a contract with the mutual consent of all...

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