Search result for: Gwadar Pakistan
# | Post Title | Result Info | Date | User | Forum |
CPEC authority chairman shares investment and project details | 2 Relevance | 3 years ago | admin | Property | |
Chairman Lt. Gen Asim Saleem Bajwa of the China-Pakistan Economic Corridor (CPEC) Authority has said so far invested USD 13 billion in Pakistan under the CPEC, which will bring more investment to Pakistan. Asim Bajwa, while visiting the Challenge Textile Factory on Lahore-Multan Road, spoke to the media and shared the news of a similar kind of $12 billion investment. He also said that several economic zones are part of a CPEC project aimed at attracting more foreign investors. In addition, he praised China's Challenge Group, which established an international standard industrial unit. The chairman of the authorities also said the group will set up a challenging fashion export park in the country that will provide employment opportunities for thousands of people. In addition, Asim Bajwa said that the visa period for Chinese investors will be extended to two years. He also noted that Pakistan is undergoing an economic revolution, attracting more foreign investors under the CPEC, which will help stabilize the PKR against the US dollar. Visit the Red Marketing & Real Estate website to get information about the latest updates. Subscribe to Our Youtube ChannelRed Marketing & Real Estate Youtube ChannelFollow Our Official TwitterRed Marketing & Real Estate Twitter PageLike Our Official Facebook PageRed Marketing & Real Estate Facebook Page | |||||
Islamabad cricket stadium construction approved by Prime Minister Khan | 2 Relevance | 2 years ago | admin | Property | |
According to the latest news, Prime Minister Imran Khan on Friday (December 31) approved the construction of an international standard cricket stadium in Islamabad. Read: PM Approved PKR 100 Billion For Affordable Mera Pakistan Mera Ghar Project At a meeting with Ramiz Raja, chairman of the Pakistan Cricket Board (PCB), Prime Minister Khan proposed approval in principle to build a stadium with unmatched facilities. He directed the PCB chairman to use all available resources to complete the construction of the stadium as quickly as possible. According to Ramiz Raja, every effort will be made to build the stadium before 2025 so that the Champions Trophy can be played. At this meeting, the 7th Pakistan Super League (PSL) was also discussed. Visit the Red Marketing & Real Estate website to get information about the latest updates. Subscribe to Our Youtube ChannelRed Marketing & Real Estate Youtube ChannelFollow Our Official TwitterRed Marketing & Real Estate Twitter PageLike Our Official Facebook PageRed Marketing & Real Estate Facebook Page | |||||
FBR provides incentives for builders and developers | 1 Relevance | 4 years ago | admin | Property | |
Let's build a way for national prosperity The innovative incentive package for the construction industry by the Government of Pakistan. Commitment to activities and opportunities in over 40 economic sectors FBR provides incentives for builders and developers 90% off tax on financing in Naya Pakistan Housing Scheme. Sources of investment in the construction sector are not investigated. Fixed tax regime; tax to be paid in quarterly instalments. Easy and simple tax registration. Exemption of income tax and capital Gain tax for builders and developers. One-time tax exemption on capital gains when selling private accommodation up to 500 square yard house or 4000 square feet apartment. Exemption from withholding tax on building materials and services (excluding cement and steel) Subscribe Our Youtube ChannelRed Marketing & Real Estate Youtube ChannelFollow Our Official TwitterRed Marketing & Real Estate Twitter PageLike Our Official Facebook PageRed Marketing & Real Estate Facebook Page | |||||
FBR to initiate crackdown on non-taxable commercial property owners | 1 Relevance | 3 years ago | admin | Property | |
According to a published news article, the Federal Tax Entry (FBR) has announced its intention to collect records of all non-taxable commercial property owners in Lahore to expand their tax base. The tax office wants to track a landlord who has received millions of dollars in rental income but has not filed a declaration. Those involved will be subject to legal influence. Read: LDA City Naya Pakistan Project: Approved Rs 10 billion for 4,000 apartments The board also contacts the Punjab Excise and Taxation Department and the Lahore Development Authority (LDA) to learn more about Lahore's commercial property owners. In related developments, the FBR exceeded its revenue collection target by generating a revenue of PKR 291.6 billion PKR for PKR 2.8 billion PKR in the first eight months of the fiscal year (2020-21). Visit the Red Marketing & Real Estate website for valuable content on a real estate plan and further follow-up. Subscribe Our Youtube ChannelRed Marketing & Real Estate Youtube ChannelFollow Our Official TwitterRed Marketing & Real Estate Twitter PageLike Our Official Facebook PageRed Marketing & Real Estate Facebook Page | |||||
Extended deadline to use DHA Peshawar's incentives for early residents | 1 Relevance | 3 years ago | admin | Property | |
According to the Facebook page, the Defense Housing Authority (DHA) Peshawar administration has extended the deadline for incentive programs for early residents. Previously, a free 6KW solar panel system was offered to families living in DHA Peshawar until June 30th. With the latest update, the date you can get free solar panels has been extended until July 31st. DHA Peshawar is determined to support its residents in every way possible. Recently, DHA Peshawar and the administration of Pakistan State Oil (PSO) signed an agreement. Under the agreement, PSO filling stations will be built in society. DHA Peshawar is also working to make Pakistan a greener place. In a visit from Peshawar Agricultural University students, the administration shared DHA Peshawar's contribution to green Pakistan. In addition, the Adventure Arena recently opened, attracted a lot of traffic over the weekend. Many families come to spend quality time with their loved ones at this adventure-filled arena. Subscribe Our Youtube ChannelRed Marketing & Real Estate Youtube ChannelFollow Our Official TwitterRed Marketing & Real Estate Twitter PageLike Our Official Facebook PageRed Marketing & Real Estate Facebook Page | |||||
Islamabad Expressway Phase 1 Expansion Construction to Begin Soon | 1 Relevance | 2 years ago | admin | Property | |
As per the news, the CDA ( Capital Development Authority) has decided to immediately begin work on the extension of the first phase of the Islamabad highway through a government company. As per the reports, the Islamabad highway will extend 2km from Korang Bridge to the G.T. road name. Phase 1 includes 2 km from Gorang Bridge to the PWD interchange. Read: Pakistan's first football stadium to be built in Karachi, Pakistan Traffic on this major road has increased due to the growth of a housing community on one of the city's busiest roads. As per the CDA official, half of the highway problems are expected to be solved by expanding the section from two lanes to four lanes. The CDA Board of Directors has decided to award highway contracts under Rule 42 of the PPRA ( Public Procurement Regulatory Authority) rules. A CDA official also said the interchange work was completed and open to the public. As per, CDA official, Engineering Wing Agency, PKR 2 billion has been approved for the project. They will get a self-constructed 2km part and the remaining 7km part up to G.T. Roads, agencies will ask the federal government for funding under the PSDP (Public Sector Development Program). Visit the Red Marketing & Real Estate website to get information about the latest updates. Subscribe to Our Youtube ChannelRed Marketing & Real Estate Youtube ChannelFollow Our Official TwitterRed Marketing & Real Estate Twitter PageLike Our Official Facebook PageRed Marketing & Real Estate Facebook Page | |||||
Plastic road technology to be used by LDA for rehabilitation of Ferozepur Road | 1 Relevance | 2 years ago | admin | Property | |
LDA ( Lahore Development Authority ) has decided to renovate Ferozepur roads using plastic waste and advanced technology. This particular technique is environmentally friendly and minimizes the rehabilitation period. Read: Federal Minister of Finance and Revenue asks defaulters to pay their taxes on time As the news report, the whole project will be split into several phases to reduce traffic jams. LDA will build the road line from Canal Station to Kalma Chowk in the first phase, in the second phase from Kalma Chowk to Lahore Burj. The road from Lahore Burj to Khana will be in three phases. Read: Pakistan's first football stadium to be built in Karachi, Pakistan LDA will fund the project with its own resources, and LDA Engineering Wing-I has begun work on the carpet project. The approximate budget of Chief Engineer-I for the initial construction and restoration of Ferozepur Road was PKR 90 million Visit the Red Marketing & Real Estate website to get information about the latest updates. Subscribe to Our Youtube ChannelRed Marketing & Real Estate Youtube ChannelFollow Our Official TwitterRed Marketing & Real Estate Twitter PageLike Our Official Facebook PageRed Marketing & Real Estate Facebook Page | |||||
FWO provides updates on the progress of peri-urban housing projects | 1 Relevance | 2 years ago | admin | Property | |
As per the news reports, the FWO (Frontier Works Organization)has updated various development projects across the country, including a low-cost housing project near Punjab. A project started with the collaboration of the NLC (National Logistic Cell ), which provides housing in ten locations across Lahore. As per the FWO, the construction of the 3.5 Marla low-cost housing project on Raiwind Road is progressing rapidly and is expected to be completed within the given time. As per the latest update, the block masonry of the house is in progress and the building protection and cladding are also under construction. Read: World Bank Approved $435 Million Fund for Pakistan Housing Projects Additionally, as part of the Naya Pakistan Housing Program, the Punjab government plans to increase the peri-urban housing project to 135 sites in 35 districts across the province. Punjab Board of Revenue will supply land for this project. It consists of a completed project. Read: Central Land Records Management in Punjab, $150 Million received from World Bank Each peri-urban housing development will have more than 100 residential properties. FWO recently won a contract for Rawalpindi Ring Road worth PKR 22.8 billion. The flagship project has been around for some time and is expected to be completed in two years. The FWO was able to close the contract by offering PKR 300 million, which was much lower than the price offered. The FWO also laid the groundwork for an overhead water tank project. Visit the Red Marketing & Real Estate website to get information about the latest updates. Subscribe to Our Youtube ChannelRed Marketing & Real Estate Youtube ChannelFollow Our Official TwitterRed Marketing & Real Estate Twitter PageLike Our Official Facebook PageRed Marketing & Real Estate Facebook Page | |||||
MOU signed with Lahore Smart City to build boutique villas | Latest Update June 2022 | 1 Relevance | 2 years ago | admin | Property | |
Another exciting news by the administration of Lahore Smart City is that they have signed contracts with Pakistan's top three construction and designer firms to build Boutique Villas. The management also signed an MOU with Surbana Jurong on June 2, 2022. This information was published on the Lahore Smart City official page through a video. As per the video, the signing ceremony took place at an official event attended by various real estate companies. Contracts to build Lahore Smart City Boutique Villas have been awarded to Raees Faheem, Faisal Rasool and Galleria Design. The listed company is one of the top designing companies in the real estate sector in Pakistan. Read: Lahore Smart City Announces Residential and Commercial Plot Allocations latest Update May 2022 Lahore Smart City is Pakistan's first smart city aiming to provide modern trends and a new lifestyle experience for its residents. The project is approved by the Lahore Development Authority and is located in Lahore Bypass. In addition to residential and commercial plots, LSC offers luxurious boutique villas with contemporary design and modern amenities. In short, Lahore Smart City's recent deals with the three reputable real estate designers will boost investment. Additionally, signing an MOU with Surbana Jurong will increase the rates, which will benefit existing investors. Visit the Red Marketing & Real Estate website to get information about the latest updates. Subscribe to Our Youtube ChannelRed Marketing & Real Estate Youtube ChannelFollow Our Official TwitterRed Marketing & Real Estate Twitter PageLike Our Official Facebook PageRed Marketing & Real Estate Facebook Page | |||||
PAC approves agreement between CDA & Grand Hyatt developer | 1 Relevance | 3 years ago | admin | Property | |
ISLAMABAD: On Wednesday, the Public Accounts Committee (PAC) took less than a minute to approve a billion rupee agreement between the Capital Development Authority (CDA) and M/S BNP (Private) Limited, the developer of the Grand Hyatt Hotel. The matter was not part of the PAC's everyday agenda, but chairman Rana Tanvir Hussain hastily allowed the developer to settle for the first installment of a total of Rs 17.5 billion in one year. Capital Development Authority (CDA). In August 2016, civic authorities cancelled the lease of a 13.5-acre plot for the Grand Hyatt hotel after developers built and sold residential apartments. The High Court of Islamabad (IHC) also supported the CDA's decision. BNP Provide annual time to deposit installment of Rs 17 billion However, the Supreme Court (SC) resumed leasing plot in January last year. On the spot, the apex court bench, led by former Supreme Court Chief Saqib Nisar, instructs the M/S BNP to pay the installment immediately and “if the BNP defaults, the CDA will give 30 days' notice before terminating the lease”. SC restored the lease, instructing the company to pay Rs 17.5 billion rupees to the civic authorities over eight years. Those who have bought apartments built for luxury hotels include Prime Minister Imran Khan, former Chief Justice of Pakistan Nasirul Mulk, Pakistani Cricket Board Chairman Ehsan Mani, Khawaja Mohammad Asif, and Federal Ombudsman to Prevent Bullying of Women at Work. Kashmala Tariq. Although PAC was not included on the agenda of the meeting, it adopted a report on the resurrection of a lease for a multi-story under-construction building for the Grand Hyatt Hotel on One Constitution Avenue. PML-N Senator Mushahid Hussain Syed noted that the date of the first installment scheduled a year later is December 31, 2021. On the other hand, PAC member Noor Alam said the developer had nothing to pay. You will have enough time to pay the outstanding dues. Rana Tanvir Hussain supported Alam's view and adopted a report on the consensus. On October 7th, the PAC chairman pointed out since the National Accountability Bureau (NAB) did not prohibit CDA from acting in accordance with the law and clarified the mooring of the proceedings before NAB did not instruct civic groups to stop. In that process, the CDA was free to proceed under the direction of the Supreme Court. Both the CDA and the developer were decided to implement the Supreme Court's decision and issue a re-adjustment letter to affect the decision if the apex court later reviewed it. PAC ordered the guidelines under the Pakistan Supreme Court's August ruling to be implemented without “ifs” and “buts” and added that reading the CDA letter and meetings between builders and civic groups took place on 3rd November. And it was decided to carry out the decision of the apex court by letter and spirit according to the final result of the review petition submitted by both sides. In addition, the architects said they had agreed to provide a payment schedule for outstanding amounts on January 9, 2019, as the apex court’s decision; with the time limit determined by the Supreme Court is not extended. According to the payment schedule, the developer pays 6 installments 2,916,666,667 on December 31 every year from next year to 2026 and deposits Rs 17.5 billion Rs. To the total amount, Rs 1,227,352,500 has already been paid. Resources Details https://www.dawn.com/news/1591102 Subscribe Our Youtube ChannelRed Marketing & Real Estate Youtube ChannelFollow Our Official TwitterRed Marketing & Real Estate Twitter PageLike Our Official Facebook PageRed Marketing & Real Estate Facebook Page | |||||
The revival of Ravi under the Riverfront Project | 1 Relevance | 3 years ago | admin | Property | |
Much work is going on at the Ravi Riverfront Urban Development Project, especially with regards to designing improvement guidelines to regenerate the Ravi River water quality. According to the Environmental Impact Assessment (EIA) report, the project's dedicated team will already begin working on the Ravi River regeneration. According to the latest Riverfront project report, India built Thein Dam (back to 2000) to support a storage capacity of 192 million acres (MAF). Not only that, India has developed various water reservoirs after signing the Indus Water Treaty. As a result, these activities are blocking the water flow to Pakistan. But that's their headwork, namely Madhupur. In addition, the construction of the Tain Dam already threatened the flow of the Ravi River, which undermined Pakistan's socioeconomic status. Ingestion of wastewater containing harmful metals, large amounts of arsenic and dust has caused waterborne diseases in several people. With all these negativity, the threat to the construction of Ravifront projects on the Ravi River will not always be safe. Therefore, the following report is expected to urgently install remedial measures for the harsh conditions of these Ravi River. The steps are performed in accordance with LDA building regulations. The Ravifront project is a groundbreaking project if handled properly. Visit the Red Marketing & Real Estate website for valuable content on a real estate plan and further follow-up. Subscribe Our Youtube ChannelRed Marketing & Real Estate Youtube ChannelFollow Our Official TwitterRed Marketing & Real Estate Twitter PageLike Our Official Facebook PageRed Marketing & Real Estate Facebook Page | |||||
Lahore Central Business District Generates 1.3 trillion PKR | 1 Relevance | 3 years ago | admin | Property | |
The PTI government has achieved another milestone in the city as promoting trade and economic activity are significant in developing countries. At an event that lays the foundation of Lahore's central business district at Walton Airport, the Supreme Minister said economic activity alleviates poverty by providing jobs. Read: LDA City Naya Pakistan Project: Approved Rs 10 billion for 4,000 apartments The launch of the Lahore Central Business District is a major step forward in this regard. PTI also added that it has introduced the ultra-modern Ravi Riverfront Urban Development Project and laid the foundation for another mega-project to promote economic activity. Explaining the details of the project, CM said the Lahore Central Business District would be completed in three phases over 300 acres. He said the first phase will be developed over 128 acres and will create about 1.3 trillion rupees of commercial activity In the first stage, the business district is set up. In the second phase, a digital community is introduced, and in the third, a residential area is built. Meanwhile, an underpass is being built near Gulab Devi Hospital on Ferozepur Road and Band Road Chowk leading to Samanabad. An overhead bridge will be built from Lahore Train Station to Sheranwala Gate to facilitate traffic flow. Visit the Red Marketing & Real Estate website for valuable content on a real estate plan and further follow-up. Subscribe Our Youtube ChannelRed Marketing & Real Estate Youtube ChannelFollow Our Official TwitterRed Marketing & Real Estate Twitter PageLike Our Official Facebook PageRed Marketing & Real Estate Facebook Page | |||||
Pay in installments after ownership an LDA apartment | 1 Relevance | 3 years ago | admin | Property | |
According to news sources, LDA Vice Chairman SM Imran said allottees of the LDA City Naya Pakistan Apartments project will pay PKR 570,000 as a down payment. The government will also provide a subsidy of PKR 300,000 per unit. What's more, after possession of his own unit, it is expected that allottees will pay the rest of the installment. That is, in the first 18 months of construction, allottees are not committed to paying anything. The Naya Pakistan Housing and Development Authority (NAPHDA) has also confirmed that plots will be assigned to early applicants on a first-come, first-served basis. Prime Minister Imran suggested that paying a small amount would encourage people to buy their own homes instead of paying rent. In related developments, LDA has opened an ESCROW account precisely to ensure the transparency of the project and the dedicated use of funds. Visit the Red Marketing & Real Estate website for valuable content on a real estate plan and further follow-up. Subscribe Our Youtube ChannelRed Marketing & Real Estate Youtube ChannelFollow Our Official TwitterRed Marketing & Real Estate Twitter PageLike Our Official Facebook PageRed Marketing & Real Estate Facebook Page | |||||
CDA prefers the design of tall buildings | 1 Relevance | 3 years ago | admin | Property | |
The Capital Development Authority (CDA) approved the design of the first 36-story residential building in Pakistan and five multi-story buildings in the city. The plan was approved at a meeting of the Design Vetting Committee (DVC) of the Capital Development Authority (CDA), which was held under the chairman of the Member Plan. The conference also approved multi-story development projects covering an area of 1.5 million square feet. Pakistan's tallest 36-story residential building will be built on the F-10 Markaz in the city of Islamabad, of which 70% will remain green. DVC has also approved two residential apartments, a school, and two commercial projects. Building construction will also enhance the city's beauty and make Islamabad one of the developed cities. Visit the Red Marketing & Real Estate website for valuable content on a real estate plan and further follow-up. Subscribe to Our Youtube ChannelRed Marketing & Real Estate Youtube ChannelFollow Our Official TwitterRed Marketing & Real Estate Twitter PageLike Our Official Facebook PageRed Marketing & Real Estate Facebook Page | |||||
World Bank Offers $200 Million Credit Facility to Housing Sector | 1 Relevance | 3 years ago | admin | Property | |
Federal Minister of Finance and Revenue Shaukat Tarin held a Chairman's Meeting at the Ministry of Finance with Chairman Naya Pakistan Housing & Development Authority and Country Director World Bank (WB) Mr. Najy Benhassine, Consider the possibility of providing additional funding for housing finance in Pakistan. The Country Director World Bank has shared the World Bank's proposed credit facility for various interventions in the housing sector totaling $200 million. He said the World Bank will support government efforts to boost the housing sector, especially for low-cost housing. The finance minister appreciated the support of the World Bank and stressed the importance of the housing sector in revitalizing economic growth. The Finance Minister emphasized that the housing sector is a top priority for the government and asked all relevant officials to finalize all technical details and to complete relevant actions related to the proposed World Bank funding within the next few days. Visit the Red Marketing & Real Estate website to get information about the latest updates. Subscribe to Our Youtube ChannelRed Marketing & Real Estate Youtube ChannelFollow Our Official TwitterRed Marketing & Real Estate Twitter PageLike Our Official Facebook PageRed Marketing & Real Estate Facebook Page |