Real Estate News from Pakistan

The Orange Bus service is used by more than 11,000 people every day: CDA

Islamabad: Metro Bus ridership on the Orange Line is mostly handled by the Capital Development Authority (CDA). Analyzing data regarding average ridership along the Orange Line Metro Bus route was conducted during a meeting at CDA headquarters. There have been 11,464 passengers on average per day on 15 buses, which comes out to 30 passengers per trip. Moreover, by the average daily usage criterion,...

The CPEC and CSR projects in Gwadar are being reviewed and appreciated

Gwadar: COPHC's and other firms' CSR initiatives are headed in the right direction, but positive community relations are crucial for long-term project success, according to a news source. Chairman of Gwadar Port stressed the need to satisfy the residents of Gwadar and reunite them through CSR. Gwadar's authorities place the highest priority on drinking water and electricity. CPEC Gwadar's local...

A Chinese company will invest $50 million in Gwadar and Karachi

Islamabad: According to a news source, China and Pakistan are to develop agriculture, power, and logistics in Gwadar and Karachi. A memorandum of understanding (MoU) has been signed between the Optima Integration group of China and Asia Pak Investments of Pakistan for an investment of $50 million in the first phase. More than 100 jobs will be created in both Gwadar and Karachi as a result of the...

Illegal housing societies’ advertisements banned by PEMRA

Rawalpindi: Upon the request of RDA, PEMRA has banned advertisements for illegal and unapproved housing societies. Hafiz Irfan, a spokesperson for the RDA, stated that satellite TV channels, radio stations, and distribution centers had been ordered not to advertise illegal housing societies located in the city. The spokesperson revealed that there are approximately 134 illegal and unapproved housing...

Constructions illegally built in Johar Town are demolished by the LDA

A news source reported that the LDA Town Planning Wing Zone IV demolished several illegal buildings located in Johar Town. In addition to the building on plot number 100, block A-1, and the workshop on plot number 39, block H-1 of Johar Town, illegal constructions were demolished. Likewise, a building on plot number 302 of block L was sealed in violation of its use for commercial purposes without a...

A renovation project for Kutcherry Chowk will soon begin: RDA

As soon as a new feasibility report of the project is completed, the Rawalpindi Development Authority (RDA) will begin work on remodeling Kutcherry Chowk. RDA spokesman Hafiz Irfan told this agency that the project had already been approved by the provincial government. The project will cost close to Rs5 billion. The transition of utility services, such as telephone, gas, and electricity, will begin...

Gross domestic product rises 5.97 percent, and per capita income reaches $1,798 in FY22

  ISLAMABAD: The government reported on Wednesday that the economy grew 5.97 percent after rebasing national accounts, slightly faster than the 5.74 percent growth in the previous year, we reported earlier. For the current fiscal year 2021-22, the provisional GDP growth rate has been estimated at 5.97 percent, with the growth of the agricultural, industrial, and services sectors at 4.40 percent,...

CDA chairman held a meeting on water supply

  Islamabad: During a meeting of the Capital Development Authority (CDA) on Tuesday, it was announced that over 45 million gallons (MGD) of water are currently consumed every day within the federal capital. During the meeting, the water supply directorate announced that after repairing 14 tube wells and operating 18 new tube wells, along with repairing about 1,000 leakages, they added 15 MGD of...

The LWMC accelerates its clean-up efforts

LAHORE: In connection with its special cleanliness drive "Saaf Punjab Mohem", Lahore Waste Management Company (LWMC) accelerated mechanical sweeping operations and washed major roads and markets of the city on Monday. Rafia Haider, CEO of LWMC, has extended to noon the timeframe for mechanical cleaning and washing. Previously, the night operation shift had only worked at night, but on the direction of...

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