Gilgit-Baltistan Receives Record Tourist Revenue in FY 2023–2024 Gilgit: The Gilgit-Baltistan Finance Department reached a key milestone by collecting a record Rs3 billion in income during the July-March period of the current fiscal year 2023-2024. According to Gilgit Baltistan Finance Secretary Aziz Ahmed Jamali, the success is the outcome of a multi-faceted plan targeted at producing revenue from a...
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...
Punjab Launches Initiative to Combat Smog Lahore: Provincial Senior Minister Marriyum Aurangzeb gave orders during a meeting to develop an action plan to rid Punjab of haze. The conference was attended by the DG of fisheries, the secretaries of the environment and wildlife, and other high-ranking authorities. "This action plan will be forged through collaboration with the private sector to combat...
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...
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...