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 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 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...
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'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 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...
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...
Smart Investing 101: How REITs Transform Pakistan's Real Estate The real estate sector in Pakistan has long been a cornerstone of investment, offering substantial returns driven by land value appreciation. However, the sector's informal nature has given rise to challenges such as lack of transparency, misinformation, and illegal practices, leaving many investors vulnerable to fraud. In this blog, we...
Landster: Shaping the Future of Real Estate and Tourism at 3rd Pakistan International Property Expo The bustling capital city of Islamabad is gearing up for the highly anticipated 3rd Pakistan International Property Expo and Convention, set to take place from December 15 to December 17, 2023, at the Pak-China Friendship Center. Amidst the vibrant...
CDA Approves Commercial Building Plans in Islamabad: A Step Towards Urban Development In a notable move, Capital Development Authority (CDA) recently convened at the CDA headquarters in Islamabad. The meeting, held on a Wednesday, resulted in the approval of several commercial building plans. This signals a significant stride in the city's ongoing development and planning...
Landster GOC: Redefining Excellence in Real Estate-Your One Stop Solution for Comprehensive Services In the dynamic world of real estate, where innovation meets tradition, Landster GOC stands as a beacon of excellence. As one of the best real estate companies, Landster GOC doesn't just provide services; it crafts experiences. Specialising in Housing and Construction, Property Buy/Sell/Rent, Property...
CDA Operates Anti-Encroachment Operations in Islamabad Islamabad: The Capital Development Authority (CDA) has started extensive operations to fight encroachment. These operations, which were carried out with the help of many departments, went after illegal settlements and encroachments in a range of areas. The goal was to get public land back for development. Enforcement authorities used heavy gear to...
CDA to Launch New Housing Scheme For Overseas Pakistanis Islamabad: The Capital Development Authority (CDA) is reportedly preparing to launch an exclusive state-of-the-art home property for overseas Pakistanis in the federal capital's attractive Mauza Kuri sector. The project, which is located on a sprawling 14,000 kanal of land near Park Road, promises to...
Skyscrapers Important for Real Estate Development In Pakistan Skyscrapers are the defining feature of modern society. This is a major feature that implies complete utilization of advanced technology, developed building and construction procedures, architectural design, and management factors. To erect a structure in recent times is much easier, better, faster, and more convenient than ever before;...
The Swat Valley is a world of unsurpassed beauty located in the middle of the rugged Hindukush Mountain range. This wonderful resort, known as the 'Switzerland of the East,' has verdant valleys, mountains crowned with dazzling snow, falling waterfalls, calm glaciers, and rivers that seem to whisper secrets of distant regions. It's a landscape that conjures up ideas from fairy tales. Among this natural...
The CDA plans to use drones to fight fires in High- Rise Residential Buildings In Islamabad ISLAMABAD: The Capital Development Authority (CDA) is actively researching drone technology to improve firefighting efforts in Islamabad's high-rise structures. The Ministry of Science and Technology asked federal, provincial, and other public and private organizations and authorities to adopt the 2016 Fire...