Board of Investments (BOI) has announced a business to business (B2B) investment conference of China Pakistan Economic Corridor (CPEC) industrial Cooperation on 25th of November. This conference will be held in cooperation with the KPK Board of Investment at a venue in Peshawar. The main purpose of this conference is to create a better link between foreign and local investors. Furthermore, there are plenty of other sectors that will get highlighted in this conference including Mines and Mi...

Etihad Town Got LDA Approval and shared its payment plan for residential and commercial plots.Read: Etihad Town LahorePayment Plan | Location and Project Details Etihad Town also features a 5 Star Hotel, Modern Infrastructure, A grand Mosque, underground electricity, and green recreational parks. 

The administration of Capital smart City  has announced the launch of Prime Block for Overseas which is a smart Community build by Surbana Jurong (A Singaporean Government Owned Consultancy Company).The Above-mentioned block “Prime Block” includes residential plots ranging from 7 Marla to 40 Marlas. Prime Block is situated at the highest point in Capital Smart City Premises featuring all the luxurious Amenities including Waterfront View, Mountain Range, and an 18 Hole Golf Course....

Prime Minister Imran Khan invited all overseas Pakistanis to invest in the Country’s Real Estate Sector, specifically Ravi Riverfront Urban Development (PRUD) and other Real Estate Projects of Lahore and Karachi.Imran Khan invited all these overseas to invest in Pakistan’s Real Estate while chairing a meeting of national coordination committee (NCC) on housing, construction, and development. He also added that the Government will facilitate all these investors.He also mentioned that these h...

The State Bank of Pakistan is all set to introduce a separate account category called “NRP Rupee Value Account” for Overseas Pakistanis, who want to invest in Pakistan.This account category will facilitate all the overseas Pakistanis or residents of Pakistan who have their assets in different countries to make an investment in Government Bonds issued in foreign currencies. Using this one can also invest in residential and commercial real estate and Pakistan Stock Exchange by commercial ban...

Prime Minister Imran Khan instructed the Authorities to Establish Real Estate Regulatory Authority (RERA) in the country. He advised the concerned authorities over a meeting of the National Coordination Committee of Housing, Construction and Development.Furthermore, he also instructed the provincial chief secretaries to submit a roadmap for one window facility and online approvals of permits within one week. This Roadmap will include the process of fee payment and the operations of all dep...

According to an international publication, new agreements between China and Pakistan have been made which revived the developments under the belt & initiative (BRI) in Pakistan. Furthermore, that publication also added that in last month Pakistan has signed some other projects with china worth USD 11 Billion under this initiative.According to World Bank estimate, China has initiated many projects under BRI initiative from 2013 to this day worth of USD 575 Billion worldwide. These Proje...

A delegation of Realtors demanded that the Government should make the Real Estate Regulatory Authority functional as soon as Possible while talking to the media. They also demanded to give Industry Status to Real Estate Sector.They also mentioned while talking to the media that its been 10 years now since the work started on making RERA operational but not finalized yet. The Realtors further explained that the Tax reduction had been announced specifically at federal level while the...

The Punjab Excise and Taxation Department is all set to offer Installment Facility to property tax payers. This decision is taken keeping in view the Coronavirus situation and its effects on the Country’s Economy. The PT1 notices to officiate the development, will be issued in two installments cycle.This decision was taken in a meeting in a high-level meeting that was chaired by Punjab Secretary Excise Ahmad Bilal. In this meeting it is also decided to Withdraw all the surcharge late payme...

The Paris Club Nations suspended the debt payments of Pakistan as a part of debt relief deal. According to G20, they agreed to freeze all the debt payments of poor countries to cope up with COVID 19.Pakistan recently had asked the G20 for debt relief with the commitment to avoid further non occasional loans. Pakistan owes about 20.7 Billion Dollars to the members of G20.

The cooperation between China and Pakistan regarding the development of China Pakistan Economic Corridor (CPEC) has begun as the first bulk cargo arrived at Gawadar Seaport. This bulk Cargo is carrying wheat and urea of Afghanistan transit trade according to a news resource. According to Minister of Railways Sheikh Rashid Ahmad, the government is working on ML 1 Project. This project is going to serve as an inexpensive transport for cargo and it will impact the 70% of Pakistan’s papula...

There was an important notice announced on 1st of june for all the stakeholders of capital smart city stakeholders by the developers “Future Developments Holding” FDH.According to the notice, all the ones whose bookings of plots and villas started on 1st of January are required to submit the due confirmation amount and the due installments before 6the of June. The notice also mentioned the buyers who have booked 3.5 marla plots or units in villa apartments that they have to deposit the con...

The federal Government is about to impose luxury tax on Large homes and farmhouses that are located in federal Capital. This Tax is expected to be ranging from PKR 100,000 to PKR 200,000 for houses and PKR 25 to PKR 80 per square feet for farmhouses.This tax will be recovered by Excise and Taxation Department. Furthermore, it has been decided that homes owned by widows will be exempted from the proposed luxury tax. The final decision on this matter is not yet taken if approved by the feder...

The Uzbek Government asked for Pakistan’s support in gaining access to Quadrilateral Traffic in Transit Agreement (QTTA). The Uzbek Government wants to obtain the utilization permission for Karachi and Gwadar ports for the purpose of trade.Uzbek Government Deputy Minister made a formal request to the advisor of Pakistan’s Prime minister in this regard. The QTTA is transit deal between Pakistan, China, Kazakhstan and Kyrgyzstan to promote trade between these countries. A road project under...

The Lahore Development Authority (LDA) is looking to sort out the approval process for new housing projects in city as soon as possible. They are also arranging a meeting in coming days to discuss more and make some amendments.It is said that there is going to be a 21-point Agenda which will be discussed in the coming meeting. In this meeting there will also be discussion about the current situation of coronavirus and its impact on LDA activities. There will also a report about ille...

The International Telecommunication Union (ITU) has ranked Pakistan as a 4th Generation Regulator(G4). Pakistan has become the first South Asian country with G4. Pakistan has scored 88 out of 100 as a report issued by ITU ‘Global ICT Regulatory Outlook 2020(GIRO)’.There are total 38 countries in Asia in which only 8 percent have managed to achieve such status and now Pakistan is one of them having the global ranking of 48. This report is developed by the data collected from 193 countries f...

The Government of Punjab has announced that the construction related departments will be re-opened and it is reported that this decision is made by Major Azam Suleman Khan. The reason stated behind this decision is to facilitate map approvals and other services. The offices related to record of rights and property transfer will also be opened. It is also said that the offices could be opened for about 4 to 5 hours a day. 

The G20 Countries have announced their decision to include Pakistan in the group of countries that are going to be offered Debt Relief on all kind of interest and principle payments to official bilateral creditors.This decision was taken in a meeting of G20 Countries that was held at Riyadh. This meeting was held as a result of IMF and World Bank’s appeal about the extension of debt relief to the countries who are suffering economically and let them fight this global epidemic COVID19 using...

As the lockdown on the construction sector is about to lift up by the government so it is expected that new rates for construction materials will be announced on April 15.Read: Government is abolishing all the withholding taxes on Building MaterialsPrime Minister Imran Khan took the initiative of lifting the ban from the construction sector of the country to boost construction activities in the country. The prices have already started to fluctuate.Read: Prime Minister has announced a histori...

PM Imran Khan has just announced a relief package for the country’s construction sector as The Government is taking the decision to abolish all the withholding taxes on building materials which includes cement and steel. In addition, the City’s deputy commissioner has notified a 4% reduction in stamp duty on property transactions. As a result of these flexibilities made in the real estate sector, the sale/purchase activity has spiked.Read: Historic relief for the Construction Sector...