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...
Landster Villas: Luxury Houses On Easy Installments Looking for luxurious living in a prime location, but worried about affordability? Look no further than Landster Villas, a signature project by the Landster Group of Companies, now available on easy installments. Nestled in Bahria Town, Phase 8, Islamabad, these villas offer an unmatched combination of comfort, luxury, and modern design while being...
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...
Travel Advisory August 2024: Alternate Routes for Northern Travel Pakistan, a land of diverse landscapes and rich cultural heritage, continues to entice visitors from all over the world. Pakistan provides a diverse range of experiences for every tourist, from the tranquil valleys and majestic mountains of the north to the bustling cities and historical monuments scattered across the...
FBR Eliminates Holding Period for Property Capital Gains Tax in 2024 The Federal Board of Revenue (FBR) has repealed the holding term requirement for property capital gains tax for properties purchased on or after July 1, 2024, according to press reports.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...
Is This the Right Time to Buy Property in Pakistan? Investing in property is a big decision, and timing is key. If you want to buy property in Pakistan, you must first comprehend the current market trends and economic variables. Here are some essential aspects to consider when deciding whether to invest in Pakistani real estate right now. Economic Stability and Growth Pakistan's economy has...
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...
How to Register Power of Attorney in Pakistan In Pakistan, a Power of Attorney, also known as a Mukhtar nama, is an important legal document that authorises someone to act on behalf of another, particularly when the affected parties are unable to attend legal hearings or handle affairs themselves. This document is very important since it allows for better representation in court hearings and other...
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...
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...
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...
From Ballot to Better: How Your Vote Shapes Pakistan's Future Simple Steps, Big Impact: Voting in the 2024 Pakistan Elections Introduction As we approach February 2024, Pakistan is gearing up for a big event the general elections. These elections give us, the people, the power to choose our leaders, and it's a pretty important job. With a population of nearly 250 million people, the power to shape...