Real Estate News from Pakistan

wasa

WASA Faces 1.5 Billion Funds Shortage Due To Unpaid Bills

LAHORE: Water and Sanitation Agency (Wasa) has a large amount of outstanding arrears from various departments of Punjab and the federal government, which has led to a financial crisis for the organisation. Based on figures collated by Wasa, Punjab has outstanding arrears of 976,491,403 and the federal government has outstanding arrears of 435,191,665. Wasa wrote letters to every department and sent...

CDA Team To Take Strict Action Against Encroachments

Islamabad: To facilitate business activities in the federal capital, Capital Development Authority (CDA) assured residents on Monday that encroachments would be removed from markets in collaboration with trade associations. As Shahjahan Khan, Deputy Director General (Enforcement), spoke with Fawad Waheed, senior vice president of the Islamabad Chamber of Commerce and Industry, CDA assured Fawad Waheed...

11 Commercial Properties Worth Billions Sealed in Lahore

  Lahore: The Evacuee Trust Property Board (ETPB) has sealed 11 different commercial shops and properties worth billions of dollars based on Supreme Court orders. The ETPB team of district Lahore, along with the Federal Investigation Agency, the police team, and the administration, raided and cleared the encroachment following instructions from the Board's Chairman Habibur Rahman. There was...

Lahore To Get 2 New Development Projects Worth 32 Billion Rupees

  LAHORE: It has been approved by the Punjab Provincial Development Working Party (PDWP) to implement two development schemes in the school education and irrigation sectors, estimated to cost Rs31.851 billion. In a meeting presided over by Chairman Planning & Development Board Abdullah Khan Sumbal, the 30th meeting of PDWP of the current fiscal year approved these schemes. In addition to...

Punjab Government To Audit Private Housing Schemes

LAHORE: Zahid Akhtar Zaman, Senior Member Board of Revenue (SMBR), Punjab, chaired a meeting to discuss stamp inspectors' performance. A briefing on CVT and Stamp Duty was given to SMB by Member Taxes Naveed Haider, Chief Stamp Inspector Muhammad Tariq, and others. The senior member of the Board of Revenue Zahid Akhtar Zaman has directed that all private housing societies be audited, with strict...

Park Road Project Islamabad To Be Opened For Public Next Week

  Islamabad: Construction work on Park Road will begin as soon as the tender for the project is opened next week. There are a number of important roads in the capital city, Islamabad, including Park Road. Since the federal capital has been expanded and different housing projects have been developed around the area, the area has witnessed an increase in vehicles daily. By adding lanes and...

A Rs. 42 Billion Breakwater Project Is Expected To Be Approved By Pakistan And China

According to reliable sources here, the Prime Minister will sign a Framework Agreement regarding the construction of a breakwater at Gwadar Port, valued at approximately Rs. 42 billion. Pakistan and China have signed a Framework Agreement on the Development of Breakwater at Gwadar Port, which was approved by the Federal Cabinet of Pakistan through circulation. Gwadar Port will expand with a breakwater...

Punjab Government To Fulfill Dream of Housing for Low-Income People

During his appreciation of the Akhuwat Foundation's societal role, Punjab Chief Minister Chaudhry Pervaiz Elahi said that the government would fulfill the dream of owning a house for low-income individuals as a new loan program was being introduced for building homes. His statement was made during a meeting with Akhuwat's founder, Dr. Amjad Saqib, who said the program would be implemented in...

rawal dam

CDA to open Rawal Dam Underpass to traffic

ISLAMABAD: Now it will become possible to drive through the Rawal Dam underpass in Islamabad on Monday. According to some media reports, the eagerly anticipated project will likely be opened by Prime Minister Shahbaz Sharif.  In response to the ongoing floods, the Capital Development Authority (CDA) informed the Prime Minister that the Rawal Dam Interchange building project was delayed. Besides a...

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