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Author : Atif Iqbal

Inaam gets houseful premier

LAHORE: A houseful premier of “Inaam”, a story of a Pakistani immigrant in UK, was held at the Cine Gold cinema, Bahria Town. The 20-minute movie, recorded in London and produced by Akifa Mian, was premiered in Lahore among an enthusiastic crowd, including celebrities and socialites. The guest list also included prominent personalities such as[…]

Gwadar: New great game

Miles away from the war on terror being fought in Pakistan’s north on the border with Afghanistan is another insurgency whose hub is the port city of Gwadar, located near Iran on the Makran coast. Unlike the battle against the Taliban, this uprising receives little international attention, although it is set against the backdrop of[…]

CDA to execute sustainable projects

ISLAMABAD: Capital Development Authority (CDA) would execute self-sustainable projects in future and would further cut down its non-development expenditure through well organized financial management system. CDA Chairman Imtiaz Inayat Elahi addressing to a visiting delegation of probationary officers of District Management Group (DMG) from Civil Services Academy, Lahore on Saturday said that CDA is taking[…]

LDA approves project worth Rs 151.23 million

LAHORE (April 10, 2011) : The Lahore Development Authority (LDA) has approved a project worth Rs 151.226 million for construction of storm water drains as well as provision of gully gratings at the 21 drainage deficient locations of city roads with a view to facilitate smooth flow of traffic during rainy season. The project will[…]

T&T Housing Society scam

ISLAMABAD: The case regarding Rs 405 million corruption by former managing committee of the T&T Employees Cooperative Housing Society (T&TECHS) in Sector F-17 of the federal capital has taken a new turn, as one of the member of executive body was sent to Adyala Jail on judicial remand three days ago while others have decided[…]

Payback time for ‘free Haj’ performers

ISLAMABAD – The Supreme Court on Friday ordered the Director General Federal Investigation Agency to immediately proceed against all those politicians and journalists, who had performed Haj on the government expenses in 2009 and 2010 and affect the recovery within a week. The Chief Justice further ordered the DG FIA to take action against all[…]

PEPCO saves Rs35 billion as water availability rises

LAHORE: Adequate water availability this year saved Pakistan Electric Power Company (PEPCO) Rs35 billion owing to additional hydro electricity generated, sources said. According to PEPCO data, Water and Power Development Authority (WAPDA) delivered 23.652 billion units to the National Grid during July-April 2011 compared with 20.492 billion units of hydropower supplied during July-April 2010. Additional[…]

Bahria Town Lahore Rates by eProperty 9-04-2011

All rates are in Rupee Lacs. Given rates are for average locations plots, homes, commercials excluding average below and average above locations in Bahria Town Lahore. Expert Opinion: Good buying time for Janiper and Overseas Enclave B Block. Plot price range 14 to 15 lacs is highly recommended for buying in developed area if available[…]

3G Services to be Available by the End of 2011

Islamabad: The Secretary Cabinet Division, Mr. Abdur Rauf Chaudhry has said that 3G services would hopefully be available to the Pakistan mobile users by the end of 2011, while it is expected that the Policy for auction of 3G services licenses would soon be presented to the government and Economic Coordination Committee (ECC) for discussion[…]

Anti-encroachment drive: ‘Political will required to launch operation’

ISLAMABAD: The National Assembly Standing Committee on Cabinet Division is dissatisfied with the Capital Development Authority (CDA) for failing to control encroachments in kachi abadis. Federal Secretary Cabinet Division Nargis Sethi made this clear during a meeting on Wednesday, held here to discuss encroachments in sectors I-11 and I-14. “The civic authority is wasting our[…]

People fear water shortage, CDA feels otherwise

As the weather is changing with the promise of a sizzling summer in the months to come the residents of the federal capital are once again preparing to confront a water crisis like yester years. However, the people entrusted with the job in the Capital Development Authority (CDA) for ensuring a smooth and sufficient supply[…]

Dubai properties 60% cheaper than Mumbai

DAMAC Properties, the Middle East’s leading independent real estate company, has today announced that a growing number of investors from India are showing interest in Dubai, as they look to capitalise on 60% savings per square foot in the Dubai property market. At an average price per square foot of $264 in Dubai according to[…]

Raisani offers EU consulate in Gwadar

QUETTA (APP) – Balochistan Chief Minister Nawab Aslam Khan Raisani has offered facilities to the European Union and the Central Asian states for establishing trade consulate in Gwadar, the coastal town of the province and launching development projects. “Due to its geo-graphical position and deep-sea waters, Gwadar will become hub of commercial activities of the[…]

LDA dispels reports about stay order against Liberty Plaza

LAHORE – The Lahore Development Authority (LDA) on Sunday dispelled reports about stay order against the construction of Liberty Park & Ride Plaza. LDA Legal Advisor Waqar A Sheikh said that no stay order has been granted by any court against construction of the plaza. He said that all arrangements have been finalised and auction[…]

CDA oblivious to water crisis

ISLAMABAD, April 5: Despite warning by a British consultancy company – Mott MacDonald – about eight years back that water losses in Islamabad stood at 50 per cent, the city managers have failed to take steps to resolve the water crisis in the city. “The current water consumption in the city is around 150 million[…]

Dubai real estate could fall ‘up to 30%’, analysts say

Property prices in Dubai are still nowhere near the bottom and are facing up to a 30 percent fall in value, according to Gulf real estate stock analysts. “House prices in Dubai are likely going to slide downwards for the next two years as oversupply continues to build,” Rasmala Investments senior real estate analyst Saud[…]

Property buyers eye mortgage rate price war

Real estate loans up 15% in 2010 to Dh163.19bn In a sign that banks in the country are beginning to see property valuations at reasonable levels, real estate mortgage loans increased by over 15 per cent in 2010, data from Central Bank of the UAE shows. Bank mortgages in the UAE rose by Dh21.47bn last[…]

Model city to have 80,000 plots: Govt plans mega housing project

PESHAWAR, April 4: The Khyber Pakhtunkhwa government has planned to establish a new township with the name of ‘Peshawar Model City’ on the outskirts of the capital city to provide better residential facilities to the citizens. “The new township spread over 14,600 acres will have about 80,000 plots of different sizes, and as such this[…]

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Atif Iqbal from eProperty®