Real Estate News

China’s technology stocks valuations soar as foreign investors pile in

By RECORDER REPORT on December 29, 2019
Foreign investors are on their longest spell of buying Chinese stocks this year, increasing their bets on the mainland markets as Beijing and Washington prepare to resolve a long-running trade war.

That has turned the fortunes around for Ch

SBP makes digital tax payment free from next year

SBP would bear all services charges for the collection of government taxes through e-banking.
ADCs is an e-payment facility established by SBP in collaboration with the FBR and 1Link for collection of govt duties and taxes through internet banking.

The State Bank of Pakis

Dubai property broker Appello Real Estate has named its top picks for 2020 for investors to secure a "sound future investment" in the emirate.

The company said the coming new year will see a flurry of activity in the UAE property market as new developments come to fruition, new regulations begin to have a positive impact, and the country gears up for a massive influx of investors for Expo 2020, starting in October.

Taxes are waived from Naya Pakistan Housing scheme.

In the latest development, and inevitably, the PM has announced that there will be no taxes collected—including sales and fixed taxes—on the construction activity for Naya Pakistan Housing Program (NPHP). It seems the government is willing to make this sacrifice to the exchequer in ho

Karachi sees a revival of parks, recreational spots

Karachiites got yet another recreational spot for spending their leisure time after Mayor Wasim Akhtar inaugurated the Ahmed Ali Park.

The 62-acre park is located near Rangoonwala Hall in the Bahadurabad area. It has now been opened for the general public.

The park was commonl

FBR slashes tax revenue target by Rs265 billion

The Federal Board of Revenue (FBR) has reduced tax revenue targets for the ongoing fiscal year by a massive Rs 265 billion.

As per details, the tax receipts target has been set at Rs 5238 billion, down from Rs 5503 billion. The first-half target is set at Rs 2198 billion, a decrease fro

Punjab, Sindh and Islamabad: Gas supply to certain industries, CNG sector stays suspended

Punjab, Sindh and Islamabad: Gas supply to certain industries, CNG sector stays suspended

By RECORDER REPORT on December 21, 2019
The government-owned gas companies – Sui Northern Gas Pipelines Limited (SNGPL) and Sui Southern Gas Company Limited (SSGCL) – have contin

Three major flyovers to open in Karachi in February: officials

Karachi may get to breathe a sigh of relief soon. A number of roads closed for development work are set to reopen early next year.

MA Jinnah Road is closed from Capri Cinema to Numaish Chowrangi for the construction of the Green Line BRT infrastructure. The road from Numaish to

Akbar says Islamabad ranked among 100 safe cities in the world

(Karachi) Special Assistant to Prime Minister for Accountability Shehzad Akbar has said that Islamabad is ranked among the 100 big safe cities in the world.

Speaking to media persons on Friday, Akbar said the Islamabad police in discharging its duty with honesty and bravery.

H

Chinese experts on CPEC projects given foolproof security’

LAHORE:Inspector General of Police (IGP), Punjab, Shoaib Dastgir on Wednesday said that special protection unit (SPU) equipped with modern weapons was providing security cover to Chinese experts working on China-Pakistan Economic Corridor (CPEC) and other projects in the province.

He ex

Sindh’s comments on plea for land settlement sought

ISLAMABAD: The Supreme Court on Tuesday asked the Sindh government to explain its position on a federal government application seeking the land settlement funds being deposited by Bahria Town (Pvt) Ltd in the apex court.

A three-judge Supreme Court bench, headed by Justice Faisal Arab,

Ogra proposes gas hike by 214pc for domestic consumers from Jan 2020

ISLAMABAD: The Oil and Gas Regulatory Authority (Ogra) has taken a decision of increasing natural gas prices up to 213.7 per cent for domestic consumers and sent its decision to the government to be notified and make it effective from Jan 2020.

The government would notify it within 40 d

Cement exports: The wrath of competition

If the official numbers reported by All Pakistan Cement Manufacturers Association (APCMA) are accurate, cement exports are growing. In the four months ending Oct-19, exports were up 16 per cent volumetrically. This translates to precious dollars that Pakistan needs, though the share of cement in

Dubai property prices fall to seven-year low as deal volumes rocket

New research shows average property price in Dubai falls to AED895 per sq ft in November

Dubai property prices fall to a seven-year low as deal volumes rocket
Whilst prices are down 27.5 per cent from the September 2014 peak, and they remain above the previous market low of April

OGDCL starts drilling shale gas well KUC-01in Hyderabad

Oil & Gas Development Company Ltd (OGDCL) started drilling of first shale gas well in Hyderabad for exploration of unconventional hydrocarbon deposits.

OGDCL starts drilling shale gas well KUC-01in HyderabadThe company official said in a statement that OGDCL had technically planned