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Islamic trusts seen lifting confidence in GCC real estate; Gulf investors still inclined towards real estate Jordanian Ashraf Hamdan began investing in Dubai’s real estate market in 2006, with a few modest rental investment forays before turning his sights on flashier projects as a wave of luxury developments hit the market.
The Dubai Metro’s Green Line will go online in September, with 16 stations open to the public, the Roads and Transport Authority said yesterday. The 23-kilometre Green Line, which starts at the Etisalat Station in Al Qusais near Emirates Road, will be missing two stops at first: the Al Jadaf and Creek stations. Those facilities[…]
Dubai’s real estate is likely to witness some stability in capital values while Abu Dhabi will see highest value declines over the next 12 months, a latest Jones Lang LaSalle (JLL) survey has said. “While Dubai is already passed the supply peak, Abu Dhabi is still approaching the peak of the supply cycle. Thus, Abu[…]
LAHORE, June 4: For the first time, a six-year business plan has been prepared to develop sustainable water and sanitation services in the city. The Lahore water supply, sewerage and drainage improvement plan would be implemented from 2011-12 to 2016-17 fiscal, a senior official of the Water and Sanitation Agency (Wasa) told Dawn on Saturday.
Central Park Lahore Ferozpur Road announced booking for Commercial Plots, advertisement was published in Daily Urdu Jang Lahore as on June 04, 2011. For booking details and any further queries please contact Urban Developers directly. URBAN DEVELOPERS +92-42-35935370-5
ISLAMABAD: The Capital Development Authority (CDA) received Rs2.088 billion in the federal budget announced on Friday under the Public Sector Development Programme (PSDP), allocated for various projects, the major one being the construction of 106 family suites for parliamentarians for which Rs1 billion have been provided.
Dubai: With mortgage rates and property prices easing, owning a home can be a smarter choice for some residents in the UAE. Some housing experts said acquiring a property at current rates through a 25-year mortgage actually comes out cheaper than renting an apartment in the UAE, if extra fees are not taken into account.
ISLAMABAD: In the budget 2011-12, the government has allocated Rs 744.343 million for various projects of the Ministry of Ports and Shipping in the Public Sector Development Programme (PSDP). According to details, the said amount will be spent on the three on-going projects of the Ministry. Around Rs 27 million have been earmarked for Gwadar[…]
ISLAMABAD: The government has allocated Rs 1100 million under Public Sector Development Programme (PSDP) for New Gwadar International Airport during the year 2011-12. According to details, the total estimated cost of the project is Rs 7675 million, which included Rs 1464 million of foreign loan. The total expenditure of the project up to June 2011[…]
These are certainly hard times for the nation which demand austerity and wise management of money all around. Following are the allocations the federal budget 2011-12 announced on Friday provides for some of the important state institutions reflecting the government’s priorities in managing the resources available to it. Presidency The expenses of the President House[…]
Pakistan Federal Budget 2011-2012
ISLAMABAD: Chief Justice of Pakistan (CJP) Iftikhar Muhammad Chaudhry while hearing a suo moto case on Thursday observed that the people who got posted in CDA even for two days got the plots. A three-member bench, headed by CJP was hearing the suo moto case against the illegal allotment of 4,000 plots by Capital Development[…]
Govt scores a perfect ‘0’ ISLAMABAD: Pakistan missed all the macroeconomic targets announced in the budget 2010-11 but Finance Minister Dr. Hafeez Sheikh placed the entire blame on the adverse impact of the catastrophic floods, the war on terror, massive hike in oil prices and the energy crisis. The minister presented this fiscal catharsis while[…]
LAHORE, May 26: A widow and her children have been struggling for the last three years or so to get back their inherited land, which some officials of the Lahore Cant Cooperative Housing Society (now the Defence Housing Authority) fraudulently got transferred to society’s name in 1981. The family came to know about the alleged[…]
LAHORE – Ground Breaking Ceremony of Sports Complex DHA Lahore was held at the complex’s premises here the other day. Administrator DHA Lahore Brigadier M Aslam Rana was the chief guest on the occasion while the special guests were international athlete Gen (r) Akram Sahi, cricketer Abdul Razaq, international wrestler Col (r) Asif Dar, International[…]
LAHORE, June 2: Chief Minister Shahbaz Sharif has ordered strict action against qabza mafia, extortionists and criminals throughout the province. He said those playing with the lives of innocent citizens deserved no leniency.
ISLAMABAD: The special meeting of the federal cabinet, chaired by Prime Minister Yousuf Raza Gilani, approved budget for the fiscal year 2011-2012, Geo News reported. The meeting was informed that national forex reserves have reached at record 17 billion dollar, while about 12 billion dollar in remittance is expected. It was also informed that Rs730[…]
LAHORE, June 1: The Punjab Privatization Board (PPB) has decided in principle to sell a set of mega state-owned properties after getting these developed and converted into small plots through the departments concerned, it is learnt.
Barclays have confirmed that they have sold their first reposed property in the Emirate of Dubai, the small villa located in the Springs area of Emirates Living Dubai a collection of small attached townhouses was sold at auction indicating a reserve of 1.2m aed finally selling for 1.22m aed.
ISLAMABAD: The spouse of incumbent secretary Establishment received an expensive plot in the National Police Foundation Housing Scheme in return for favours given by her husband as Chairman Capital Development Authority, documents available with The News reveal.
The Federal Board of Revenue (FBR) would continue with a major distortion in the sales tax regime by retaining Third Schedule of the Sales Tax Act 1990 in budget (2011-2012) under which manufacturers are paying sales tax of all the stages of value addition of consumer items having printed retail price.
LAHORE – The Punjab government is ready to present its Rs 651 billion budget for the next fiscal year during the second week of June in the Punjab Assembly, Pakistan Today learned on Tuesday. The Punjab government has earmarked Rs 432.5 billion for revenue expenditures and Rs 219 billion for the Annual Development Programme (ADP).[…]
CDA auctions 12 commercial plots on second day of bidding Member finance terms auction successful Says real estate prices to get boost in near future ISLAMABAD: The Capital Development Authority (CDA) received a good response during the auction of different categories of plots on the second day of the biddings at Aabpara Community Centre on[…]
Land mafia active to create another ‘Blue Area’ in Islamabad ISLAMABAD: The land mafia that used Federal Employees Cooperative Housing Society (FECHS) for corruption by merging the society into Jinnah Garden is now working to make another “Blue Area” in Islamabad by merging National Assembly Employees Cooperative Housing Society (NAECHS) into Jinnah Garden.
KARACHI, May 31: Markets along M.A. Jinnah Road and I.I. Chundrigar Road contributed the highest amount — Rs48.2 million — under the head of property tax during the July 2010-April 2011 period, it emerged on Tuesday.
