Real Estate News

Bahria moves SC seeking leasehold rights from Sindh

ISLAMABAD: The Bahria Town (Pvt) Ltd Karachi (BTLK) on Friday approached the Supreme Court to seek a directive for the Sindh government to extend leasehold rights to the developer since it was facing difficulties in transferring rights to its allottees.

In a three-page application submi

Pakistan seeks relief over $5.8bn fine in Reko Diq lease case

ISLAMABAD: Pakistan is seeking the reversal of a $5.8 billion penalty imposed by an international tribunal for denying a mining lease to an Australian company, saying that paying the fine would hinder its handling of the coronavirus pandemic.

Reko Diq town in Balochistan’s Chagai

Emerging port city: Businessmen urged to focus on Gwadar

Gwadar is emerging as the new port city of Pakistan and it is destined to become a hub of industrial and investment activities, therefore the business community should gear itself up to fully capitalize on the emerging opportunities in Gwadar and Balochistan said, Senate Chairman Sadiq Sanjrani.<

Cement Sector: Pricing indiscipline in the South, a stumbling block in expected price recovery

If we look at the sales figures of the Cement sector, it doesn’t depict the true picture of the sector performance as the cement stocks have recently outperformed i.e. up by 82% since March 2020.

However, this outstanding performance yet failed to lift the profitability of the cem

Auction of 13 govt properties in Lahore tomorrow

ISLAMABAD: The second phase of the auction of the federal government’s abandoned properties would be held in Lahore on Wednesday.

In this regard, 13 properties including shops, apartments, and a leftover building of WAPDA would be offered for sale during the open auction.

Arif Habib to pump in additional Rs750 million into Naya Nazimabad.

Construction to continue apace even as existing residents faced flooding damage owing to poor urban planning and design
The original Nazimabad, named after the first Governor-General Khawaja Nazimuddin, was a middle-class suburban neighborhood in Karachi, established in 1952. North Nazimab

FGEHA requires Rs6 to 7 billion to clear built up property in sector G-14

Islamabad : The Federal Government Housing Employees Authority (FGEHA) has required around Rs6 to 7 billion to clear Built-up Property (BUPs) dues in Sector G-14/1, 2, and 3. The Award of BUPs in G-14/1, 2 is yet to be made for which survey of the BUPs is going on, however, Rs1.889 billion has be

CDA approves Rs96m for gas supply to Park Enclave

Islamabad: The administration of the Capital Development Authority (CDA) has approved Rs96 million for the installation and provision of gas network to Park Enclave-I.

The payment is likely to be made to SNGPL in a couple of days and after that SNGPL will start work on the provision of

Naya Nazimabad flooding may send property value plunging

The recent rains and subsequent flooding of Naya Nazimabad have tarnished its charm.

“The whole Naya Nazimabad project will be affected after what people have seen after the rains,” said Kamran Sheikh, who runs a real estate agency in Nazimabad.

“Property wor

Rs30bn subsidy allocated to Naya Pakistan housing scheme, announces PM Imran

PM Imran Khan said he would "preside this meeting every week to supervise the working and progress of the committee regarding the Naya Pakistan housing scheme". Geo News/via The News

ISLAMABAD: A sum worth Rs30 billion has been allocated to the Naya Pakistan housing scheme, Pr

Prime Minister’s Low Cost Housing Scheme

Government of Pakistan through Ministry of Housing & Works has launched a Housing Scheme with total funds of PKR 5 Billion out of which 3 Billion has been released by the Government of Pakistan till now & subsequently disbursed. Under the said scheme, poor and deserving families will be p

LDA divides Lahore land into 10 categories

In order to encourage planned and systemic bin in the provincial capital, the Lahore Development Authority (LDA) has introduced LDA Land Use Rules 2020.

For the purpose of usage classification, the LDA Land Use Rules 2020 notification shows that the authority has divided the land into 1

FBR issues new rule: online integration of businesses

ISLAMABAD: The Federal Board of Revenue (FBR) has made it compulsory for the different categories of integrated businesses and enterprises including hotels/restaurants, hospitals, medical practitioners/consultants, courier/cargo services, pathological laboratories, health clubs/gyms and accountan

Pakistan, China agree to boost industrial cooperation under CPEC

ISLAMABAD: Pakistan and China on Tuesday agreed to elevate the memorandum of understanding on industrial cooperation to the framework agreement under the China-Pakistan Economic Corridor to realise the vision for the development of special economic zones (SEZs).

Speaking at a consultati

Govt to announce 'permanent solution' to problems of Karachi: PM

We will not abandon the people of Karachi in their time of crisis, tweets Premier Imran Khan
I am personally monitoring the relief and rescue operations, says Prime Minister Imran Khan. PHOTO: AFP/FILE
I am personally monitoring the relief and rescue operations, says Prime Minister