The Khyber Pakhtunkhwa government has planned to set up at least 10 economic zones across the province in the next decade under the Industrial Policy, 2020.The provincial cabinet had approved the policy last month. PLANNED ECONOMIC ZONES According to the policy, the proposed zones include Rashkai Special Economic Zone Nowshera Economic Zone Extension . Government will set up more economic zones in...
CRICKET STADIUM Authorities have approved the biggest cricket stadium of Pakistan near Ring Road Rawalpindi. It will be located near Rudn Enclave. The stadium will have a chain of 5 star hotels ,Moreover, this Stadium will have sitting capacity of 1.5 Lac people. The Rawalpindi Development Authority will provide the land. Furthermore, PCB will do the rest. Construction is expected to begin in...
SIGNAL-FREE ROAD Chairman Capital Development Authority (CDA) has directed the authorities concerned to make F-10 Service Road (East) a signal-free road. While, utilizing staff, machinery and resources of the Authority. Chairman CDA Aamer Ali Ahmed visited F-10 sector along with Director MPO, Director Environment and other officers. Moreover, he inaugurated the F-10 signal-free project. Speaking at...
The Capital Development Authority (CDA) administration has come up with low-cost traffic management plans for Islamabad. Hence, to maintain traffic flow in the city and control accidents. According to the officials, they will start work on these projects within a week. According to details, the CDA has planned to set up several low-cost traffic management plans. Therefore, to maintain traffic flow in...
PARKING PLAZA The Capital Development Authority CDA is in the process of identifying location for building a multi-story parking plaza in Islamabad, chairman of the authority said. The development agency and the top representatives of traders of capital checked the missing facilities at the city’s markets. Lack of development and maintenance has spoiled the look of commercial areas in the federal...
China, Pakistan Economic Corridor, has connected two mega housing projects in Gwadar to the National grid. Authorities have approved the electrical connections. Electrical connections were approved and installed in the China, Pakistan Investment Corporation’s (CPIC) projects: International Port City and China Pak Golf Estates. These are the first residential communities in Gwadar’s private sector....
STEEL PLANT IN PAKISTAN A Chinese iron and steel conglomerate has become the first foreign enterprise to establish its plant in the Rashakai Special Economic Zone under CPEC with a planned investment of $50 million. The SEZ Committee of Rashakai Special Economic Zone at its meeting on Friday allocated 40 acres to Century Steel Ltd. The project is under Fuzhou Julitaihe International Company of China....
LITTLE DETAILS TO ADD TO YOUR BEDROOM INTRODUCTION ‘WE SHAPE OUR HOMES, AND THEN OUR HOMES SHAPE US’ Our homes represent us, and vice versa. It is a more mutual relationship than we realize. We choose our home and decide how we will fill it. How we will use it as a canvas to convey ourselves to the world. But our homes have a role in forming us as well. This is why we must design our homes,...
JAVED AFRIDI LAUNCHES SOLAR AND EV CHARGING STATION The owner of JW Motors and MG Pakistan, Javed Afridi , has once again made good use of his social media. He announced the launch of a new “SOLAR & EV Charging Station” Project via a Facebook post. Currently, Afridi seems to be in the passion of getting Electric Vehicles (EV) to become a norm in Pakistan. As of now, little is known about the...
The country took another step towards the digital world with the launching of Raast initiative. It is Pakistan’s first instant payment system. Thus, it enables end-to-end digital payments among individuals, businesses and government entities within seconds. Prime Minister Imran Khan launched the Raast at a ceremony. The initiative is part of the prime minister’s “Digital Pakistan Vision”....
The Punjab cabinet approved the transfer of the Rawalpindi Ring Road project from the Rawalpindi Development Authority (RDA) to the Lahore Ring Road Authority (LRRA). Earlier in March 2020, the provincial cabinet had taken the project from RDA and given it to LRRA citing ‘capacity constraints’ of the authority. The government again handed over this mega project to RDA in June 2020. And now, the Punjab...
PROPERTY INVESTMENT FOR OVERSEAS PAKISTANIS INTRODUCTION BASIC INVESTMENT TIPS FOR OVERSEAS PAKISTANIS LEGAL GUIDELINES FOR OVERSEAS PAKISTANIS INVESTING IN PAKISTAN LEGAL FORMALITIES CAN FOREIGNERS INVEST IN PROPERTY IN PAKISTAN? REQUIREMENTS FOR INVESTING IN REAL ESTATE IN PAKISTAN WHAT HAPPENS IF YOU DON'T COMPLY TO THE REQUIREMENTS...
NAYA PAKISTAN HOUSING AUTHORITY The Cabinet Committee on Institutional Reforms (CCIR) approved the merger of National Housing Authority and Naya Pakistan Housing Authority under the Cabinet Division. The committee has sent a summary to the federal cabinet for final approval. RULES OF BUSINESS Meeting was held and presided over by Federal Minister for Education, Professional Training, National...
INTRODUCTION Although, banking sector being quite dynamic in Pakistan. Moreover, consumers are making extensive use of different types of loans for various purposes, making use of mortgages or home loan service is still not as prevalent as other types of finances. People in Pakistan spend their lives in saving the money, in order to be able to buy their own house. Still, very few can manage to actually...
New York Times enlisted the historic walled city of Lahore in 52 dream destinations for tourism lovers to visit in 2021. The NYT, an American Daily with a worldwide readership, compiled its list, 52 places to live in 2021. After having more than 2,000 suggestions, received by it from the readers. They asked them about the spots that had delighted, inspired and comforted them in a dark year. It is not the...
ECONOMIC ACTIVITY WORTH PKR 100 BN As the government has been focusing on the construction sector, data released by Capital Development Authority (CDA) showed that Federal capital generated an economic activity worth around Rs100 billion. Contrary to the calendar year 2019 when BCS approved maps of around 350 buildings, the Building Control Section (BCS) of the civic agency in 2020 approved maps of 2,315...