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Year: 2011

CDA starts development work of Sector I-11

ISLAMABAD: Capital Development Authority (CDA) on Wednesday kicked of development work in Sector I-11 after getting the land in sector vacated. A meeting to this effect was held at CDA headquarters on Wednesday, which was presided by the CDA Chairman Engineer Farkhand Iqbal. The affectees of the area and senior officers of the authority participated[…]

Contract registration rule will only apply to tenants in Dubai

Dubai: Registration of residential and commercial rental contracts with the Dubai Land Department through Ejari system is mandatory only for those living in Dubai, a senior government official said. Residents of Sharjah, Ajman and other emirates, who are sponsored by Dubai companies or other entities, do not have to register with the land department.

Property market is being rebuilt in the UAE

A fundamental shift is taking place in the UAE property market in the wake of the industry’s historic roller-coaster ride. Property in the UAE has lost Dh734 billion (US$199.9bn) in value since the market peaked in 2008, Shuaa Capital estimates. Construction and transaction activity slowed to a crawl as the global economy tanked.

Ashiana Housing Scheme: keys to deserving families

Punjab Chief Minister, Muhammad Shahbaz Sharif on Monday handed over keys of the houses to the deserving families in Aashiyana Housing Scheme, Saroba Attari. Addressing the gathering Shahbaz said that for the first time in the history of the country the families of martyrs, widows and common man have been provided with such residential facilities[…]

Chief Minister Inaugurates Lahore Ring Road Package-15

Punjab Chief Minister Muhammad Shahbaz Sharif has said that Pakistan was achieved 64 years ago by rendering enormous sacrifices under the leadership of Quaid-e-Azam Muhammad Ali Jinnah and today “Zardaris and Madariz” have looted the same Pakistan of Quaid-e-Azam and are sucking its blood. He said that if the accountability of those who bargained Pakistan[…]

TI asks FBR to provide tax details of Malik Riaz Rs 225b

The Transparency International (TI) has sought details from the Federal Board of Revenue (FBR) about whether Rs 225 billion internationally declared by Malik Riaz of Bahria Town were included in tax returns of fiscal year 2009–10 and what amount was of due taxes was collected. A letter addressed to FBR Chairman Salman Siddique by TI[…]

Bahria Town Lahore from 2003 to 2011

Bahria Town Lahore from 2003 to 2011 Bahria Town Lahore Latest Map Following images shows the development history of Bahria Town Lahore from year March 2003 to year May 2011. Rates are also included with time line to understand the property market trends. Although these price analysis are specific for Bahria Town Lahore Sector C[…]

Bubble bursts: Farmhouse development sector takes a nosedive

KARACHI: The farmhouse development sector in Karachi has taken a nosedive with business activity dropping by as much as 75%, farmhouse developers told The Express Tribune. According to Saleem Ahmed Chandna, who heads the All Karachi Farmhouses Welfare Association, the trend of owning and renting farmhouses on the outskirts of Karachi gathered pace with the[…]

Non-disclosure of NTN/CNIC number of unregistered buyers

ISLAMABAD: The Federal Board of Revenue’s (FBR) electronic system will not accept sales tax and federal excise returns from January 1, 2012 of all those registered manufacturers, importers and exporters who would not disclose their computerised national identity card (CNIC) number or national tax number (NTN) of their unregistered buyers.

Bahria Town land scam: LHC stays NAB move to take over the case

RAWALPINDI: The Lahore High Court (LHC) on Monday suspended National Accountability Bureau (NAB) orders seeking possession of the land scam record from Anti-Corruption Establishment (ACE) Rawalpindi. A two-member bench of the LHC shunned the orders of the NAB chairman issued on December 12, in which he had asked Rawalpindi ACE director and deputy director to[…]

CDA continues plots selling spree to run affairs

ISLAMABAD – The city managers continue the selling spree of CDA’s precious land in developed sectors to generate revenue to run its day-to-day affairs. The Authority has announced holding of an open auction of residential and commercial plots in developed sectors in January 2011, as per relevant provisions of Islamabad Land Disposal Regulation 2005.

PHA completes 90pc work on FG employees schemes

ISLAMABAD (APP) – Pakistan Housing Authority (PHA) has completed 90 per cent work on its four schemes launched during last three years for the Federal Government employees. These schemes were launched in 2008-9 as remaining work was in progress and would complete by March next year. These schemes were launched at G-10/2, G-11/3, Islamabad and[…]

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