Islamabad: As reported on July 15, the Pakistan Civil Aviation Authority (PCAA) has extended the bid due date for the Islamabad International Airport projects by an extra two months in response to pleas from potential bidders. This is the fourth extension that has been given thus far. According to a recent announcement by the PCAA, the new deadlines are as follows: Bid Submission Deadline:...
Karachi: Sindh Chief Minister Syed Murad Ali Shah has directed the local government department to expedite the Malir Expressway project, aiming to open its first phase to the public by the second week of August, as reported on July 11. As per details, the CM also instructed the water board to commence the Rehabilitation of the Hub Canal project on August 1, with a goal of completion within a year. During...
Islamabad: As reported by the State Bank of Pakistan (SBP), overseas workers sent USD 30.3 billion home in the fiscal year 2023–24 (FY24), a 10.7% rise from USD 27.3 billion in FY23. The news was obtained from a July 9 story. The data indicates that this increase is the result of more money being moved through authorized routes. In June 2024, remittances dropped 3% month-on-month to USD 3.16 billion...
Islamabad: On July 11, a meeting known as the All Project Progress Review was convened in the Committee Room of the Federal Government Employees Housing Authority (FGEHA) under the direction of Director General Capt. Muhammad Zafar Iqbal (retd). The purpose of the conference was to discuss the progress and status of several important housing projects. The meeting was attended by the Chief Engineer,...
Punjab Chief Minister (CM) Maryam Nawaz has launched an initiative to provide 1,224 free flats for workers in Taxila and Sundar labor colonies, according to a news source on July 11. This move aims to enhance the welfare and living conditions of workers in the region. During a high-level meeting, significant decisions were made to boost workers' welfare. These decisions included a comprehensive review of...
Lahore: As reported by a news source on July 10, the Federal Board of Revenue (FBR) modified its tax withholding (WHT) regulations impacting motor vehicle transactions, salary income, and the purchase and purchase of immovable property. These changes, effective from July 1, 2024, are expected to streamline tax collection processes and ensure greater compliance across various sectors. As per the details,...
Lahore: The Provincial Development Working Party (PDWP) approved several major development projects worth over PKR 24 billion, as reported on July 10. This substantial financial commitment reflects the government's dedication to enhancing infrastructure, sustainability, and economic growth within the province. The conference, presided over by Barrister Nabeel Awan, reportedly approved PKR 9 billion for...
Islamabad: After a period of stability around PKR 1200, cement prices have recently adjusted, now averaging PKR 1409 per bag, as reported in a news article on July 10. The costs differ depending on where you are in Pakistan; Islamabad is PKR 1458, Lahore is PKR 1500, Sargodha is PKR 1460, and Peshawar is PKR 1500. These changes follow the new Budget and an increase in the Federal Excise Duty (FED) on...
Islamabad: According to the Pakistan Bureau of Statistics, the cost of a 50 kg bag of cement has increased significantly in Pakistan, to as much as Rs1,500, as of July 8. This steep price increase is significantly impacting construction projects, particularly in major cities like Lahore and Peshawar. Details indicate that Peshawar and Lahore are the two cities most impacted by this price increase. In just...