Parking plazas to be built at Ferozepur Road: CM

eProperty | Lahore Real Estate | March 23, 2012

Shahbaz says Metro Bus Service lane to be built in accordance with international standards
Turk-Pak collaboration aimed at giving city new look

LAHORE: The Metro Bus Service Project will be a paramount contribution to the uplift of living standards of the masses, said Punjab Chief Minister (CM) Shahbaz Sharif, adding that it would bring a revolutionary change in the transport sector of the city.

He said that the launch of this bus service would result in availability of speedy and comfortable transport facility of international standards to the passengers.

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Transfer of authority: Lahore Transport Company to take over parking duties

eProperty | Lahore Development Authority, Lahore Real Estate | March 22, 2012

LAHORE: The Lahore Transport Company is to take responsibility for parking in the city from the Lahore Development Authority (LDA) and the city government and will seek to set up a system that pays for itself.

The city government has forwarded a summary for the transfer of authority to the Punjab Transport Authority, which will forward it after approval to the chief secretary, who in turn will send it to the chief minister.

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CDA proposes increase in property tax & water tariff

eProperty | Capital Development Authority, Islamabad Real Estate | March 21, 2012

Islamabad: The federal cabinet is likely to take up a proposal from the Capital Development Authority (CDA) for increase in property tax and water charges with focus to target commercial consumers and owners of big houses for the fiscal year 2012-2013.

The CDA sources told ‘The News’ that the civic body had sent a proposal to the federal cabinet seeking 100% increase in property tax for commercial buildings and over 20% raise in the same for residential buildings.

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Park Enclave Development delay hits CDA credibility hard

eProperty | Capital Development Authority | March 21, 2012

ISLAMABAD – Delay, for one reason or the other, in proper execution of development work of approximately Rs 4 billion newly launched housing project – Park Enclave – by the Capital Development Authority (CDA) has continuously been adding to the fast sinking credibility of the Authority in terms of provision of housing facilities to residents.

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Gwadar land dispute: Port authority and navy close to breaking deadlock

eProperty | Gwadar Real Estate | March 21, 2012

ISLAMABAD: Pakistani authorities are close to breaking a lingering deadlock on a land dispute between the government and the navy, officials told The Express Tribune. The dispute has stalled the development of the Gwadar deep sea port for almost half a decade now.

The anticipated agreement between the Pakistan Navy and the Gwadar Port Authority (GPA) is likely to pave the way for resumption of development work. Officials told The Express Tribune last week that the prospects of the settlement appeared when the navy had agreed to a proposal by the Balochistan government to withdraw its claim over 670 acres of Gwadar land. As compensation, they added, the GPA would arrange the same size of land for the navy somewhere else in Gwadar, away from the port.

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