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KARACHI: The local real estate market remains untouched by the global recession, which shows no sign of easing and in fact has further threatened the world economy, because Pakistan does not practice house-building loans. An expert in the housing and construction industry commented that the whole world, especially the west and UAE, was badly affected [...]
LAHORE: Residents of the Defence Housing Authority (DHA) have requested the authority to install reflectors on speed breakers present on the roads connecting Ghazi Road with Bhatta Chowk in Defence, Daily Times has learnt. Residents have reported a number of accidents due to the absence of reflectors, which have been installed on only a few [...]
KARACHI: The local real estate market remains untouched by the global recession, which shows no sign of easing and in fact has further threatened the world economy, because Pakistan does not practice house-building loans. An expert in the housing and construction industry commented that the whole world, especially the west and UAE, was badly affected [...]
ISLAMABAD: Governor State Bank of Pakistan, Salim Raza, hinted further depreciation of the rupee by Rs 2 to Rs 3 against US dollar after burden of financing furnace oil import would be shifted on the interbank market. However, he hoped this would only be a short-lived depreciation and rupee would come back to Rs 79 [...]
Karachi: A French photographic exhibition ‘The South and the Society of Information’ was inaugurated at Defence Central Library by Daniel Jouanneau, Ambassador of France to Pakistan here today. Pierre Seillan, Consul General de France in Karachi and Administrator DHA Brig Khalid Tirmizi were also present on the occasion. The French Ambassador speaking on the occasion [...]
Karachi: Administrator DHA Brig Khalid Tirmizi made a five hour whirlwind tour of Katchi Abadis of CBC including Delhi Colony, Punjab Colony, Jhumuria Colony, Chandio Village and Hazara Colony to have the first hand knowledge of the problems and difficulties of the residents of the area. The Administrator directed the accompanying CBC staff to take [...]
ISLAMABAD: The capital is likely to face acute water shortage in the future, as the Ghazi Barotha Water Supply Project (GBWSP) of the Capital Development Authority (CDA) is still pending and so is the replacement of decade old water supply systems. On the other hand, 40 percent work for the launching of 10 new sectors [...]
MULTAN: The contractors engaged in construction of different development projects of government departments and Multan Development Authority (MDA) have submitted a request for an upward revision of the project cost in the wake of unprecedented increase in the prices of construction material. The contractors urged the authorities to immediately release the payments, which are already [...]
WASHINGTON (January 29 2009): The IMF said Wednesday global banking industry losses may reach 2.2 trillion dollars in the current financial crisis, sharply revising up its previous estimate of 1.4 trillion dollars. The International Monetary Fund said that a deteriorating credit crisis made it to revise its estimate for losses for US-originated credits, largely from [...]
ISLAMABAD (January 28 2009): National Highway Executive Board has approved the revised PC-1 for Karachi Northern Bypass, which is estimated to cost Rs 5.4 billion and recommended it for approval by CDWP and the ECNEC. Executive Board meeting of NHA held here on Tuesday was presided by Chaudhry Iltaf Ahmad, Chairman NHA in which progress [...]
Where the historical cultural centre of Pakistan, the great city of Lahore, is greatly treasured for its historical assets; urbanization has already converted its image to a modern metropolitan. Hi-rise developments and an ever increasing population density has gradually crept over the natural greens that are a signature of the graœland of the five rivers.
Bahria Town Lahore developments bring back the spirit of the land of the greens with a modern touch. The master design revives the communal setting alongside the famous Lahore Canal. Life is caressed at Bahria Town Lahore development with the provision of the most conventional to most modern means to enable a complete lifestyle.
LCCHS (Lahore Cantt Cooperative Housing Society) was established on 19 March 1975 with the Registrar Coop Punjab. The business of the Society was carried out through a Management Committee (MC) consisting of 11-15 members. During 1989, in the general meeting of the members a byelaw, authorizing serving army officers to cast vote through postal ballot for electing MC members and making policy decisions was passed. This did not suit to some members due to their vested interests. Therefore they challenged the decision in the High Court. In 1991 High Court suspected the MC and instructed all the power of MC to Commander Lahore Corps. In order to improve the efficiency of LCCHS, the Society was converted into Defence Housing Authority on 2 Jul 1999. first through a Provincial Ordinance and finally through Federal DHA Order of 19 September 2002.
Lake City is a resort / residential development, planned 13 km on the outskirts of Lahore. The affluent factor in nominating the site, in view of the mounting pollution levels in the city, were its environmentally serene surrounding in close proximity to Lahore. The development derives its name from the artificial lakes that will form the focal point of the habitat.
The proposed project is planned around an 18-hole 214 acres, regulation Golf Course, the largest in Pakistan, with luxury bungalows surrounding the course greens. This self-contained community offers its residents all the amenities in addition to a secure and elite lifestyle.