Real Estate News

Islamabad residents awaiting compensation after sectors constructed on their plots

Over 1,000 people have yet to receive alternate plots after the Capital Development Authority constructed new sectors on their land, a bench of the Islamabad High Court remarked on Wednesday.

The bench, headed by Chief Justice Athar Minallah, chided the CDA for not taking any action in

Pakistan may end special tax system

ISLAMABAD: Pakistan is considering ending preferential tax treatment for foreign companies working in the country aimed at bringing them on a par with domestic firms and getting an additional Rs22 billion in revenues from them in the next fiscal year.

The proposals are part of the measu

Govt to launch Protected Area Initiative under Green Pakistan program

The Prime Minister directed that all the provinces should be taken on-board for this initiative
ISLAMABAD- Prime Minister Imran Khan on Monday gave go-ahead for the launch of the “Protected Area Initiative” under the umbrella of the Green Pakistan Program.

The go-ahea

State Bank of Pakistan says extended lockdown poses risks to economy

KARACHI: The central bank on Sunday said Pakistan’s economy faces downside risks, stemming from the virus-induced lockdown due mainly to the country’s multidimensional poverty, high consumption rate, and informality in the job market.

The State Bank of Pakistan (SBP), citing

Interview with Aftab Ahmad Chaudhry ‘Regulatory authorities foremost to reform real estate’

Mr. Aftab Ahmad Chaudhry is best known for continuous 5 terms amounting cumulatively to 15 years as the MD of Lahore and Islamabad Stock Exchanges. However, his most noteworthy contribution is the single-handed completion of ISE Towers and LSE Plazas-the two distinctly noticeable marketplaces whi

Here’s Some Positive Housing Market News

Here’s some positive housing market news from realtor.com’ s Weekly Housing Trends Report for the week ending May 23. The numbers show more new listings than in previous weeks. That’s a sign of a market kicking into more of a recovery mode.  

Here are

Private sector sputters, fiscal balance improves in the latest data

ISLAMABAD: The latest data released in the run-up to the budget shows private sector activity dropped sharply in the first ten months of the fiscal year, while the primary balance of the government improved, posting a surplus over last year’s deficit.

Almost all the indicators tha

Real estate outlook as companies weigh working from home

Twitter and Facebook among the number of companies that have announced permanent work-from-home roles for some employees. And according to a new survey, there's certainly a lot of other companies that could follow in their footsteps. PWC's CFO pulse survey shows 43% of CFOs right now say

Covid-19 an opportunity to reshape business models’

ISLAMABAD: The Covid-19 pandemic has brought about a change across the globe and also affected the economy negatively, said Adviser to PM on Commerce Abdul Razak Dawood.

Chairing a meeting of the Ministry of Commerce’s Think Tank on Covid-19, he pointed out that the situation was

Naya Pakistan Housing: Supply-side snags

That the Naya Pakistan Housing Program (NPHP) is a haphazardly put together plan by the PM's team without any adequate research supporting it is well-acknowledged. That it is not for the low-income and poor populations of the country should also become clear (read more: “Naya Pakistan H

No need for panic buying fuel, Pakistan has 'sufficient stocks': Petroleum Division

ISLAMABAD: There was no need for people to panic-buy oil products as Pakistan had "sufficient stocks", the Ministry of Energy's Petroleum Division said on Sunday.

The statement was issued following reports speculating on a shortage in the country's fuel reserves.

Centre debates next step as Covid-19 cases rise, 15-day lockdown under consideration

KARACHI: The federal government is considering how to proceed in light of the rising number of coronavirus cases in the country. The options up for consideration on Wednesday included a 15-day lockdown or increasing use of the smart lockdown technique in the following days.

Governm

OGRA Recommends Reduction Of Rs 10 In Petrol Prices

Oil and Gas Regulatory Authority (Ogra) has recommended to the government to reduce petroleum products prices from June 1st, 2020. As per details, owing to the sharp decline in the international market. Ogra) has recommended to the government to reduce petrol prices by Rs 5 to Rs

Development funds for Islamabad demanded

Islamabad : Muhammad Ahmed Waheed, President, Islamabad Chamber of Commerce and Industry (ICCI) has demanded that development funds of Islamabad should be increased in the next budget so that the city could develop better and play an active role in improving the economy.

He said that de

Building bricks from plastic waste

Revolutionary 'green' types of bricks and construction materials could be made from recycled PVC, waste plant fibers, or sand with the help of a remarkable new kind of rubber polymer discovered by Australian scientists.

The rubber polymer, itself made from sulfur