Real Estate News

Banks refuse to share account holder details with FBR

Commercial banks have refused to share details of their account holders with the Federal Board of Revenue, which would have helped the revenue board find a trail of Benami (anonymous) account holders.

According to an FBR document available with the reporter, anti-Benami zones have filed

CDA confirms minister encroached on govt land while developing housing society

ISLAMABAD: In a report submitted to the Islamabad High Court (IHC), the Capital Development Authority (CDA) confirmed that senior minister in Punjab Aleem Khan encroached on government land to connect his Park View Housing Society to Kuri Road.

The report, which was scheduled to

Chinese firms asked to launch uplift projects in Gwadar

GWADAR: Gwadar Port Authority chairman Naseer Khan Kashani has urged the Chinese companies working in Gwadar to come forward and launch work on projects relating to socio-economic sectors for the welfare of local people.

Presiding over a meeting of the Gwadar Port Authority here on Frid

Construction work on Mansehra-Thahkot motorway completes

ISLAMABAD (Dunya News) - The construction work of Mansehra-Thahkot motorway had been completed and the motorway would be open for traffic very soon.

Special Assistant to Prime Minister on Information and Broadcasting and Chairman China Pakistan Economic Corridor Authority Lt. Gen (retd)

GRA increases oil tankers freight rate by 9.6%

Regulator takes decision despite lacking quorum due to absence of chairman, a member
Zafar Bhutta | July 23, 2020
  
PHOTO: REUTERS
PHOTO: REUTERS

ISLAMABAD:
The Oil and Gas Regulatory Authority (OGRA) has increased the freight rates for oil

All construction activities in Bahria Town Karachi are illegal, SBCA tells SHC

KARACHI: The Sindh Building Control Authority (SBCA) on Tuesday informed the Sindh High Court that all the construction activities at Bahria Town were unauthorized and illegal and its “Bahria Greens” project was launched without obtaining a sale and advertisement no-objection certific

Islamabad High Court orders Navy Sailing Club to be sealed

The Islamabad High Court ordered on Thursday the Navy Sailing Club on the Rawal Lake to be sealed. It said the building was constructed illegally.

Chief Justice Athar Minallah expressed his extreme displeasure at the CDA and ordered the club to be sealed by the interior secretary throug

Don't expect first Covid-19 vaccinations until early 2021, WHO says

The agency is working to expand access to potential vaccines

Pfizer has announced the US government paid $1.95 billion for 100 million doses of a vaccine the company is developing with BioNTech. Bloomberg
Pfizer has announced the US government paid $1.95 billion for 100 million d

Beginning of a new Islamabad, modern and sustainable

Hold your breath and hold your ‘vows’ back for a while. Incredible and unbelievable it ought to have been in normal days and more so at this time of disaster.

When every metropolis in the country is posting daunting deficits and development has become a distant dream, Islama

PM’s Amnesty Scheme for construction sector: FBR to launch vigorous drive to lure builders to avail scheme

ISLAMABAD: After receiving dismal response on PM’s Amnesty Scheme for Construction Sector so far since April 2020, the FBR has decided to launch vigorous campaign to lure developers/builders to avail this scheme by registering themselves with envisaged deadline of December 31, 2020.

Affordable housing: an uphill virtuous task

THE incentivised Naya Pakistan Housing Project (NPHP) for building 100,000 homes offers both banks and construction industry an opportunity to benefit from the stimulus package with risks in real estate business and housing finance somewhat minimised in these hard times.

The PTI’s

Naya Pakistan Housing plans

The government is striving hard to find a workable model for low cost and affordable housing segment. There has been some progress. A doable model is shaping up. The key is for the government to provide regulatory, fiscal, and monetary incentives to the end consumer while the risk will have to be

Housing finance: SBP sets mandatory targets for banks

KARACHI: The State Bank of Pakistan (SBP) has set mandatory targets for banks to extend mortgage loans and financing for developers and builders. Accordingly, all banks will be required to increase their housing and construction of building loan portfolios to at least 5 percent of their private s

PTI govt to kick start Rs400bn projects in the construction sector: minister

ISLAMABAD: Federal Minister for Information and Broadcasting Shibli Faraz said Thursday that Rs 400 billion construction projects would be initiated by the end of December this year by the PTI government to help revive the economy.

The information minister was holding a press conference

Sukkur-Hyderabad motorway among Rs289bn projects approved

ISLAMABAD: The Executive Committee of the National Economic Council (ECNEC) approved on Thursday various projects worth Rs289 billion, including Hyderabad-Sukkur motorway, ARY News reported.

Minister for Planning and Development Asad Umar in a Tweet on Thursday said that the ECN