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Author : Atif Iqbal

Visa move to boost Dubai property demand

DUBAI – The UAE government decision to extend the residence visa period for real estate investors to three years will significantly enhance investor confidence and drive the growth of the country’s property sector, a top official of Emaar Properties said.

100 property tax defaulters held

LAHORE, June 27: Punjab Excise and Taxation Department teams arrested on Monday over 100 defaulters in Lahore as part of its crackdown on 100,000 property tax defaulters as only three days are left to meet its target of Rs12.5 billion of fiscal year 2010-11. The teams also sealed the properties of many defaulters for not[…]

Karachi City Govt unveils budget for 2011-2012

Karachi—Administrator Karachi Fazlur Rehman in exercise of the powers vested in him of City Council Karachi has approved City District Government Karachi’s budget for fiscal year 2011-12. He approved the budget during a ceremony held in the Seminar Hall of Civic Center on Wednesday.

Property Tax and Token Tax Payment Notice

Director General Excise and Taxation Punjab issued final notice for payment against Property Tax and Token Token Tax today. Last date date of payment is 30 June, 2011. All Pakistan National Bank Branches will remain open till 8:00 pm today for the collection of Property Tax and Token Tax.

CDA finalises Rs 23.996bn surplus budget for 2011-12

ISLAMABAD: Capital Development Authority (CDA) has finalised Rs 23.996 billion surplus budget for the financial year 2011-12, of which Rs 20.32 billion will be generated through self resources, Rs 2.082 billion from Public Sector Development Programme (PSDP) and Rs 1.59 billion will be given by the government for the maintenance of the official buildings.

Realtor moves court against MNA

RAWALPINDI: A real estate tycoon has moved the Lahore High Court against the Rawalpindi police for harassing him allegedly at the behest of an opposition member of parliament, seeking quashment of his arrest warrant.

Encroachments: Buildings on highways challenged in LHC

LAHORE: The Lahore High Court on Tuesday restrained the National Highway Authority from issuing fresh no-objection certificates (NOCs) for any building alongside national highways and sought a reply within two weeks from the National Highway and Motorway Police (NHMP). Justice Khalid Mehmood Khan issued this order on a writ petition from Advocate Arif Karim, who[…]

Illegal gates inconvenience residents

LAHORE: Residents of various housing societies have been facing severe problems for the past many months as the Lahore Development Authority (LDA) and City District Government Lahore (CDGL) have failed to remove gates installed illegally in the societies.

Awami Villas Islamabad Ballot

Bahria Town Awami Villas Islamabad balloting will be held as on June 30, 2011 at Customer Support Center Phase 8, Bahria Town Rawalpindi. Ballot results will be available at Bahria Town Office. Please contact Bahria Town directly for your Awami Villa number.

CDA refunds Rs 1.25b to allottees of Sector I-15 Islamabad

Islamabad—Capital Development Authority (CDA) has refunded Rs 1.25 billion to allottees of sector I-15 Islamabad due to non- execution of the project initiated in 2005. An official of CDA told media that the Authority had also specified Rs 930 million in its annual budget for fiscal 2010-11 to refund amount to the allottees. The residential[…]

Rs 23 billion CDA budget likely on June 29

ISLAMABAD: The annual budget of Capital Development Authority (CDA) for fiscal 2011-12 is likely to be announced on June 29 with an outlay of around Rs 23 billion, a senior CDA official told APP. The draft of annual budget has been finalized and CDA Board and the Cabinet would announce it after the formal approval[…]

Kalma Chowk flyover Unrealistic deadline weighs workers down

LAHORE, June 19: Completion of Kalma Chowk project by Aug 14 (as directed by the chief minister) is a tough target which if achieved under pressure will reflect heavily on its quality. Such an expression of fear came from Communication and Works Department’s Joint Action Committee chairman Engineer Safdar Raza who spoke to Dawn here[…]

Highway authority: Rs9 billion needed for 7 schemes

RATODERO: The National Highway Authority (NHA) has asked the government for a total of Rs9.184 billion to complete seven development projects under the Larkana Package Schemes. The schemes, including the Larkana Khairpur Bridge, Lakhi Naudero Larkana Road, Larkana Moenjodaro Road, Ratodero Naudero Road and Larkana Kamber Road, started in 2009 and were supposed to be[…]

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Atif Iqbal from eProperty®