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...

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...

 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 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...

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) 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...

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....

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...

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...

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...

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...

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...

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...

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...

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 (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.

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...

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.

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 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.