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SBP issues mandatory Targets for Housing and Construction Finance

The State Bank of Pakistan (SBP) on Wednesday announced mandatory targets for banks to increase housing & construction financing to at least five per cent of private sector credit by December 2021

The decision was made by the central bank in order to promote housing and construction

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  • Date :

    July 15, 2020

  • Author Name :

    BRecorder

Housing Scheme

THE policy and fiscal incentives announced by the PTI government to push construction activity has two objectives. First, the ruling party is desperate to deliver on its promise of building 5m affordable housing units for low- to middle-income families. Soon to complete its second year, the gover

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  • Date :

    July 15, 2020

  • Author Name :

    Dawn

Peshawar BRT construction firm wins three mega projects of federal capital

ISLAMABAD: A construction firm, which is building the Peshawar Bus Rapid Transit (BRT) that is facing many delays, has won the contracts of three megaprojects of the federal capital by submitting the lowest bids, much below the estimated cost.


The Maqbool Associates-Calsons join

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  • Date :

    July 14, 2020

  • Author Name :

    The News

Five Islamabad sectors still considered hotspots for coronavirus


ISLAMABAD/RAWALPINDI: There are still five areas in the capital considered hotspots for the coronavirus, even though the number of new cases reported every day has stayed below 100 for a few days.

Capital administration officials said that G-6, G-7, G-8, I-8 and I-10 are still h

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  • Date :

    July 14, 2020

  • Author Name :

    Dawn

Fighting Covid-19: The curve is flattening

Country reports a 28% reduction in critical cases due to smart lockdowns and implementation of SOPs
As countries around the world juggle with strategies to flatten the Covid-19 curve, Pakistan's decision to impose smart or selective lockdowns in hotspot areas is yielding desired result

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  • Date :

    July 13, 2020

  • Author Name :

    Tribune

Indicators pointing south for real estate prices

THE lockdown, prime minister’s housing scheme, global recession and generally depressed economy all point towards subdued real estate prices in the short to medium term, with possible repercussions carrying forward to the long run as well.

The market capitalisation of real estate

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  • Date :

    July 13, 2020

  • Author Name :

    Dawn

CPEC to change the fate of region: Balochistan governor

QUETTA: Balochistan Governor retired Justice Amanullah Khan Yasinzai has said that China-Pakistan Economic Corridor (CPEC) is a mega project which will change the fate of the entire region after its completion.

Speaking at a seminar at Emerging Policy-Making Institute (EPI) on the theme

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  • Date :

    July 11, 2020

  • Author Name :

    Dawn

FIA expedites probe into mushroom growth of ‘illegal’ housing schemes in the capital

ISLAMABAD: The Federal Investigation Agency (FIA) has expedited its investigations into the mushroom growth of illegal housing societies in the capital, directing the Capital Development Authority (CDA) to furnish records of officers who failed to take action against them.

Through a let

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  • Date :

    July 11, 2020

  • Author Name :

    Dawn

FIA expedites probe into mushroom growth of ‘illegal’ housing schemes in the capital

ISLAMABAD: The Federal Investigation Agency (FIA) has expedited its investigations into the mushroom growth of illegal housing societies in the capital, directing the Capital Development Authority (CDA) to furnish records of officers who failed to take action against them.

Through a let

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  • Date :

    July 11, 2020

  • Author Name :

    Dawn

Is the cement sector overvalued?

The cement sector in Pakistan has had its rough spots, but one could always look at the last decade and say, here is an industry that has done relatively well. Total net earnings climbed from well below Rs5 billion, in 2011, to Rs40 billion in 2016 at its peak, before falling to around Rs22 billi

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  • Date :

    July 10, 2020

  • Author Name :

    Profit.pakistantoday.com.pk

Gulpur power project starts generating electricity

 

LAHORE-Gulpur Hydropower Project has achieved certified commercial operation and has been producing cheap electricity for the national grid, said Dr Tahir Masood, Managing Director NESPAK in a statement on Wednesday.

NESPAK in a joint venture with M/S MWH Inc. USA has p

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  • Date :

    July 10, 2020

  • Author Name :

    The Nation

New govt body extensively engaged with IPPs

ISLAMABAD: The newly-constituted committee headed by Chairman Federal Land Commission , Babar Yaqoob Fateh Muhammad, is extensively engaged with the Independent Power Producers (IPPs) to de-draft Power Purchase Agreements (PPAs) aimed at getting maximum relief, well-informed sources told Business

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  • Date :

    July 8, 2020

  • Author Name :

    BRecorder

First time in six years: Domestic cement sales slip

Overall cement consumption edges up 1.98% due to higher export growth

LAHORE: After recording a fall in demand for three consecutive months, cement sales increased 29.94% in June 2020 to 4.623 million tons from 3.557 million tons in June 2019, ending FY20 on a positive note.

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  • Date :

    July 7, 2020

  • Author Name :

    Tribune

Real estate can drive Pakistan’s economy

KARACHI: Real estate stakeholders have voiced unanimous hope that the realty segment could uplift Pakistan’s economy and assist in enhancing foreign direct investment if it receives due importance from the government.
Pakistan is one of the few countries in the world whose real estat

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  • Date :

    July 6, 2020

  • Author Name :

    Tribune

Construction of Gwadar Int’l Airport in progress, says Asim Bajwa

Chairman China-Pakistan Economic Corridor (CPEC) Authority and Special Assistant to the Prime Minister on Information and broadcasting has reaffirmed the commitment in launching and completing all projects under CPEC in Gwadar in line with the Prime Minister's directive.

In a tweet

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  • Date :

    July 6, 2020

  • Author Name :

    Nation

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