CDA to auction 35 commercial plots in Major city areas
CDA to auction 35 commercial plots in Major city areasCapital Development Authority (CDA) has announced details about an upcoming auction for commercial plots in Islamabad. According to the sources, this auction is scheduled to take place from 10th January to 12th of January at Ghandra Hall, F9 Park. The listed commercial plots in the auction are exactly 35 and on the first day of the auction, only 11 plots will be presented, 10 plots on the second day, and 14 plots on the third day of the a...
CDA to Automate property records
CDA to Automate property recordsCapital Development Authority (CDA) has announced the automation of residential and commercial property records in the federal capital. CDA Chairman Anwarul Haq headed a CDA Development Working Party which sanctioned a whooping PKR 170 million PC1 for this automation initiative. Other officials from finance and planning departments also attended this meeting. This Automation project is said to be awarded to a government firm on a government-to-government bas...
CM Punjab issued orders to ensure timely issuance of NOCs to investors
CM Punjab issued orders to ensure timely issuance of NOCs to investorsCM Punjab Mohsin Naqvi has issued orders to the authorities to ensure the timely issuance of No Objection Certificates (NOCs) for the convenience of investors and businessmen.CM Punjab also visited the Business Facilitation Centre (BFC) Lahore and conducted a thorough inspection to assess the efficiency of the operation which is made to cater the investors, both domestic and foreign. CM Punjab also took notice of the pro...
Punjab Business Facilitation Centre to be established in Lahore
Punjab Business Facilitation Centre to be established in LahoreSM Tanveer (Provincial Minister of Industry and Commerce) announced to inaugurate Lahore's first-ever business facilitation centre. This Business Facilitation Centre will serve as a full-fledged destination for investors and businessmen seeking approvals, NOCs and other facilities for establishing factories in the Punjab province. This centre will be located on the ground floor of the Punjab Small Industries Corporation (PSIC)...
E-registration system for property registry in Punjab
South Punjab Additional Chief Secretary (ACS) has directed the administration to launch an e-registration system for property registry in the region for better transparency and ease.The ACS has ordered the relevant authorities to take measures for improving good governance and service delivery. With this digital system, public complaints about fraud and corruption will be addressed and it will be further linked with e stamp, land record management system, national database, and registration...
LHC ordered LDA to develop ToRs for Lahore Master Plan 2050
On May 24, Lahore High Court (LHC) instructed the Lahore Development Authority (LDA) to collaborate with the Urban Development Unit and advised both authorities to devise terms of reference (ToRs) for the revision of the Lahore Master Plan 2050.The Lahore High Court also advised LDA to hire a focal person for this task while extending a stay on the implementation of the Lahore Master Plan 2050. These Orders were given by Justice Shahid Karim while presiding over a petition to challenge the...
Gwadar granted with Special Economic Distcit status
The Baluchistan Government has granted Gwadar a Special Economic District (SED) status to promote developments and other port activities in the area. The main idea behind this proposition is to implement professional policies formulated by the government.This SED status will attract more investors in this region and stimulate economic activities in this region. This initiative will welcome more avenues for business expansion, international trade, and industrial development, which is the true pot...
China Plans to invest in Pakistan's Housing sector
Chinese Ambassador to Pakistan expressed his interest in the expansion of Pakistan’s housing sector. While talking to the federal secretary of housing and works, Iftekhar Ali Shallwani he said that Pakistan’s housing sector is expanding rapidly and that investment in the housing sector would also bring innovation in construction technology. In regards to the innovation in construction technology, he stated that Chinese companies will also invest in technology sharing and expertise. Secreta...
Property Tax to be fixed at 1% in Punjab
Chief Minister Punjab Pervaiz Elahi signed a bill fixing the property transfer rate at 1% of the total value of the property. This new rate will be applied to all property-related transactions including commercial spaces across the province. Lahore: Punjab Chief Minister (CM) Pervaiz Elahi on Thursday (September 15) signed the bill fixing the property transfer rate at 1% of the total value of the property, news sources reported. The sole reason behind lowering transfer rates is to encourag...
Finance features revision of Mera Pakistan Mera Ghar Scheme
Development Finance Group (DFG) executive director Mr. Samar Hasnain announced that government will soon launch the Mera Pakistan Mera Ghar scheme with formal disbursement under the newly developed scheme will start on august 31st.According to him, the government is working on strategies to make this initiative practical and sustainable. He also stated that the MPMG program is linked to 40 plus companies and industries which will eventually boost our construction sector for a healthi...
LDA initiated QR codes for approved Housing Schemes/Projects
LDA has announced a public awareness notice regarding the allocation of specified QR codes to each of its approved housing projects in Lahore city.All the housing societies which come under the jurisdiction of LDA will have their own specified QR code which will be embedded with information like the number of plots, development status, and other relevant information. This QR initiative is taken in regard to public safety as they must check the QR status of housing societies in which they ar...
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) 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
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
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
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
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)
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
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
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...