Housing Schemes Initiated for Overseas Pakistanis by (OP&HR) Housing Schemes Initiated for Overseas Pakistanis by (OP&HR)

While addressing to media the Ministry of Overseas Pakistanis and Human Resource Development (OP&HR) stated that the government is working on the initiative of launching nine housing societies specifically for the overseas Pakistanis.The sole purpose of this initiative is to bring investment opportunities for overseas Pakistanis back to Pakistan. Mega Housing projects for overseas Pakistanis are stated below·        OPF Housing Scheme, Phase 1 Lahore....

Punjab Land Revenue Authority (PLRA) to Digitalize the Land Records and Documentation Punjab Land Revenue Authority (PLRA) to Digitalize the Land Records and Documentation

Punjab Land Revenue Authority (PLRA) announced that the land records of all the 9 centers of Lahore have been digitalized and the main aim behind this effort is to deal with the tampering of these records. There are 9 branches that have been established under the land revenue wing and deputy commissioner officer to digitize land records. This project was first initiated in 2017,18. There was a huge increase in complaints regarding land tampering for past years so deputy commissioner Lahore...

RUDA's Approval will be mandatory for Housing Projects RUDA's Approval will be mandatory for Housing Projects

The Ravi Urban Development Authority (RUDA) has issued an advisory for the land sub-division sponsors and developers to get approvals from the authority to avoid investing in unlawful housing projects, according to an advert published in the national daily.During a recent survey of the area, RUDA has encountered several illegal housing projects and has warned the citizens against purchasing property in these schemes. The authority has launched legal action against the unauthorized schemes....

CDA to establish a Property Verification Center at DC Office CDA to establish a Property Verification Center at DC Office

Capital Administration collaborating with the Capital Development Authority (CDA) established a property verification center (PVC) at the Deputy Commissioner (DC) office.DC Muhammad Hamza Shafqat stated that the sole purpose of this PVC is to counter real estate fraud in the city. He also mentioned a portal that contains the records of housing societies and land of the capital administration (CDA).He also stated that the people living outside the country were made victims of land frauds in...

'Overseas Pakistani Desk' set up at LDA to Protect Their Properties in Pakistan 'Overseas Pakistani Desk' set up at LDA to Protect Their Properties in Pakistan

LDA inaugurated ‘Overseas Pakistani Desk’ at the LDA office on the 12th of November. The main purpose is to protect the properties of the Pakistanis who are living outside the country. The ceremony was attended by all LDA executives including DH Ahmad Aziz Tarar and overseas Pakistanis commission vice chairman Syed Tariq Mahmoodul Hassan. This desk is set up on the orders of Chief Minister Usman Buzdar and he also directed LDA to operate the specified desk efficiently and resolve the co...

Sister Cities, Karachi and Istanbul Sister Cities, Karachi and Istanbul

Sindh Governor and Turkey mayor decided to declare Karachi and Istanbul as sister cities. They both also discussed issues of mutual interest including promoting bilateral relations and employment issues for the jobless Pakistanis in Istanbul. Sindh Governor briefed about the 120-kilometer metro that was under construction in the city. Istanbul mayor also invited our governor to attend a summit which is happening in Balkan City next month. Sindh Governor also appreciated Turkey for its...

Pakistan to renegotiate Bilateral Investment Treaties (BITs) Pakistan to renegotiate Bilateral Investment Treaties (BITs)

Fareena Mazhar (The secretary Board of Investment) stated that Pakistan is planning to renegotiate Bilateral Investment Treaties (BIT), according to the new template given by the government.The government is creating a new framework with the help of the United Nations Conference of Trade and Development. She also stated that BIT partners have reached several agreements with Pakistan. Pakistan has just signed 53 Bilateral Treaties with different countries in which 32 BITs are in force...

Faisalabad's Development Projects Completion Timeline Faisalabad's Development Projects Completion Timeline

Punjab Finance Minister Makhdoom Hashim Jawan Bakht on Wednesday (October 13) announced that all the PKR 13 billion worth of development schemes under the Faisalabad District Development Programme will be completed by the end of the current fiscal year.As per the details shared, the development projects include a state-of-the-art system of urban transport and resolving the problem of clean drinking water, Water and Sanitation Agency (WASA), and municipal. The minister stated that the incum...

Govt of Punjab to make Lahore the Smart City of Pakistan by 2024 Govt of Punjab to make Lahore the Smart City of Pakistan by 2024

The Punjab Government has decided to make Lahore Pakistan’s first smart city in the upcoming 3 years. The initial phase of this ProJet will be completed by 2024. The project is being headed by the Government of Punjab and PITB. In this Project, Lahore will be developed keeping in mind the international practices and standards. The residents will be able to access civic and government services through their mobile phones. The facilities will be provided as Online parking and online booki...

CM Buzdar to make Punjab province business friendly CM Buzdar to make Punjab province business friendly

Punjab’s CM Usman Buzdar stated that Government is taking steps to make the province of Punjab business-friendly with better policies. These efforts are being made to attract more potential investors in the region.He made the above-stated remarks in a meeting with Saudi Ambassador Nawaf Bin Saeed Ahmed Al Malki, he also stated that Punjab Government has established a “Zero NOC Policy” in special Economic Zones (SEZs) in the province to facilitate businesses. He also mentioned that th...

Ravi Urban Project will be showcased in Dubai Expo Ravi Urban Project will be showcased in Dubai Expo

Usman Buzdar, Punjab Chief Minister revealed that Ravi Riverfront Urban Development will be showcased in Dubai Expo. The Sole purpose of this Showcasing is to attract foreign investment. According to CM Buzdar, this project will be a Game changer as it attracts investors with its unique location. Ravi Riverfront is being built on the bank river which is inspired by London. CM Buzdar also reviewed the ongoing development in Ravi Riverfront and was very satisfied with the development w...

FBR's IRIS Portal available to Overseas Pakistanis FBR's IRIS Portal available to Overseas Pakistanis

FBR (Federal Board OF Revenue) announced that overseas Pakistani’s can now use the IRIS portal for the purpose of filing income tax returns.There is an e filling URL on FBR's official site where one can use this URL to file an income tax return. This URL is introduced to minimize the difficulties of overseas Pakistanis had faced filing income tax returns in the past. The Last Date to file an income tax return is 30 September.

PKR 8.5 Billion released by Punjab Govt for Development projects PKR 8.5 Billion released by Punjab Govt for Development projects

Punjab Planning and Development Board has released PKR 8.1 billion for different development projects. These development projects include the construction of roads and other infrastructures across many districts of the province. Further details are mentioned below PKR 2.5 billion for the establishment of sub-campus of UVAS (the University of Veterinary and Animal Sciences) in chichawatni.The building of a 12Km long dual road in Rahim Yar Khan has also been granted and budgeted at PKR 8...

Plans to connect Lahore's Ferozepur Road and Motorway Plans to connect Lahore's Ferozepur Road and Motorway

Mr. Asad Khokhar, Punjab Minister for Housing and Urban Development announced that Ferozepur road will be connected to the motorway and this project will be initiated very soon. LDA has also approved the construction of a 15Km signal-free corridor between the Kharak stop and Ferozpur Road. Mr. Asad Khokhar also instructed the relevant authorities to produce a timely report to bring such territories under the jurisdiction of WASA.

Updates on Development Schemes In Rawalpindi Updates on Development Schemes In Rawalpindi

A total of 500 schemes worth PKR 86.9 billion are going to be launched in the Rawalpindi region. 430 of them are approved and the rest of them are in progress to be approved.According to the commissioner, office spokesperson 361 initiatives were approved in which 264 are new projects and 96 ongoing projects. These new projects are introduced in different sectors including 33 highway divisions, 72 building divisions, 50 local government, 8 for tourism, and 29 for public health. Commi...

CDA Auctioned Plots worth PKR 20 Billion on the first day CDA Auctioned Plots worth PKR 20 Billion on the first day

CDA collected PKR 20.35 billion through the auction of 13 properties in different areas of Islamabad. The event got an overwhelming response from the investors and the authority reached its goal amount on the very first day by auctioning 13 out of 29 plots for sale. The highest bid received for a plot was PKR 6.5 billion. CDA chairman Amer Ali Ahmed stated that the sale of these commercial plots will be used for public welfare and to build more housing units in the area.

LDA proposed Lahore Road's concept project (PC-1) to the Government LDA proposed Lahore Road's concept project (PC-1) to the Government

LDA (Lahore Development Authority) has proposed a project concept (PC-1) of the reconstruction of Burki Road, Babu Sabu, and Sagian Road to the Government of Punjab. The expected cost of this project is about PKR 1.3 billion. This concept project details have been shared with Punjab secretary housing and P&D for approval. According to the engineering wing of LDA, the estimated cost of rehabilitation of Sagian interchange will cost about PKR 750 million. While the construction of th...

Dreams Marketing has been featured in top 50 Real Estate Companies of Pakistan Dreams Marketing has been featured in top 50 Real Estate Companies of Pakistan

Dreams Marketing has been featured in the top 50 Real Estate Companies of Pakistan by BestStartup.Asia which is a subsidiary of Fupping Ltd, a UK-based Media Company. We would like to thank all of our dear clients who trusted us and made their investments through us. Many other great things are on the way, Stay Tuned! Source: https://beststartup.asia/50-top-pakistan-real-estate-companies-and-startups-of-2021/

Tax notices to corporate housing schemes to file returns Tax notices to corporate housing schemes to file returns

The Federal Board of Revenue (FBR) has announced to treat the cooperative housing societies (CHS) as a company for tax purposes. FBR also mentioned that they will make sure that CHSs file their income tax returns properly on an accrual basis.The FBR issued circular number 3,2022 instructing formations to resolve outstanding cases for revenue collection. It was mentioned that under the cooperative society act 1925 there are 3 problems·        Real Estate p...

Property Tax will be calculated on Rental Value instead of Area Property Tax will be calculated on Rental Value instead of Area

Finance Minister of Punjab Makhdoom Hashim Butt announced that the property tax will be calculated on the basis of the rental value of the property rather than the Area. He also mentioned while talking to a news source that the gap between personal use and tenancy in commercial real estate will also be reviewed. While chairing the meeting of the ministerial committee for resource mobilization 2021,22 he also mentioned that amendments in the Punjab Urban Immovable, property tax act 19...

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