Real Estate News

Egyptian firm SWVL expands further into Pakistan.

CAIRO: Egyptian transport technology start-up Swvl will expand into two more cities in Pakistan — Islam­abad and Rawalpindi — in the next two weeks, according to its chief executive.

Multan to become metropolitan city

Commissioner Iftikhar Ali Sahu stated that Multan would be declared a metropolitan city while the region, consisting of a population of 250,000, would be called a municipal corporation. Addressing a meeting on last Saturday, he said that an area with a population between 75,000 and 250,000 w

Federal Board of Revenue has extended the tax return date..

The FBR announced the extended dates for tax return. Individual & Association of Person (AOP) can file the tax till 30th September 2019. Any Company can file the tax till 31st December 2019. A company having a special tax year can file their taxes till 30th September 2019.

Anti-encroachment drive resumed in Islamabad

ISLAMABAD: Illegally constructed wedding halls and other setups were demolished as the anti-encroachment drive resumed in the federal capital on Sunday.

State Minister for Affairs Shehryar Afridi who visited the G-12 near Kashmir highway, one of the sites where the demolition was taking

PTI govt to establish real estate regulatory body

ISLAMABAD: The federal government has decided to establish a Real Estate Regulatory Authority (RERA) to manage the affairs of real estate with an appellate tribunal to settle the disputes of the concerned sector.

The real estate agents will have to register with the authority for the sa

Money whitening plan on property unveils black cash worth Rs230b

Zubair Yaqoob

Karachi

Money whitening plan permitted on property buy has reported black money worth Rs230 billion till end of the last monetary year, sources informed Pakistan Observer.
Unaccounted money has been whitened during December 2016 to June 2018. The governmen

CDA donates Rs 10 million for dams

Islamabad: The Capital Development Authority (CDA) has deposited cheque amounting to Rs10 million as contribution donation in the fund opened by the Supreme Court of Pakistan for construction of Diamer-Bhasha Dam and Mohmand Dam.

Earlier, Capital Development Authority B

LDA employees to donate a two day salary for dam

LAHORE: Lahore Development Authority (LDA) Director General Amna Imran Khan has announced that all the officers of LDA working in grade 17 and above would donate their two-day salary to the Supreme Court of Pakistan for Diamer-Basha and Mohmand Dam Fund while the officials w

LWMC starts an operation to make Mall as Model road

LAHORE: The Lahore Waste Management Company has launched an operation to make Mall Road a model road of the city in compliance with the orders of the Lahore High Court (LHC).

According to LWMC spokesperson, the company was providing extraordinary services that inco

KCCI demands SBP for more time

KARACHI: In order to safeguard the interest of business community, Karachi Chamber of Commerce and Industry (KCCI) President Muffasar Atta Malik has asked the State Bank of Pakistan (SBP) to extend the deadline for scrapping the open account facility for importers from Augus

NBP starts a new compaign

ISLAMABAD: National Bank of Pakistan (NBP) has formally launched its ‘Green Initiative’ tree plantation campaign. NBP President Saeed Ahmad planted a sapling at the bank’s north region head office in Islamabad.

The tree plantation campaign is part

Emergency declared in twin cities due to heavy rains

ISLAMABAD : Authorities declared rain emergency in Rawalpindi and Islamabad as heavy rain lashed the twin cities and adjacent areas on Monday night.

Continuous downpour in different areas inundated roads and streets in the twin cities and commuters faced immense difficu

GHPL plans to enhance its shareholding in oil and gas fields

ISLAMABAD: Government Holdings (Private) Limited (GHPL) is working on a plan to enhance its shareholding in oil and gas fields that have proven reserves with the objective of ramping up domestic energy supplies to meet growing appetite.

GHPL, which is 100

Sewage Treatment Plants (STPs) to get green signal

Islamabad : The much-awaited PC-I for setting up five Sewage Treatment Plants (STPs) in different areas of the federal capital.

"The plants will be installed at catchment areas of Bari Imam, Lower and Upper Shahdra and Simly dam," Chief Monitoring Officer Metr

Khanpur Dam is in final stages

Rawalpindi: Around 96 per cent work on Khanpur Dam water supply project has been completed, said Cantonment Executive Officer (CEO) Rawalpindi Cantonment Board (RCB) Sibtain Raza.

Six overhead water tanks with 200,000 gallons water storage capacity and underground water