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Investors and trade creditors may find themselves unable to pursue disputes against Nakheel in the Dubai World tribunal if plans to separate the debt-hit firm from its parent company go ahead. Nakheel chairman Rashid Lootah said in February the firm would be carved out of state-backed conglomerate Dubai World, as the company sought to restructure[…]
Trading activities resumed in Pakistan’s South-western Gwadar port this week after six months when two vessels from Saudi Arabia brought fertiliser to the city. The activity revived life in a town that had come to a standstill due to the security situation. A day before the vessels arrived, 11 workers of the National Highway Authority[…]
ISLAMABAD, March 27: The government has issued statutory regulations to ensure building standards for energy conservation across the country. Developed and introduced by the National Energy Conservation Centre (Enercon), Ministry of Environment, the new Building Energy Code of Pakistan (BECP) prescribes better insulations for effective cooling and heating besides other energy conservation methods that can[…]
LAHORE, March 27: As many as 26 shops at the lower ground floor, besides the space for a restaurant at the first floor of the Park & Ride Plaza on Gulberg`s Main Boulevard will be sold through an open auction on March 31. Some 13 ground-floor shops of the plaza had already been sold for[…]
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[…]
LAHORE, March 26: An application was filed on Friday in the Lahore High Court with a prayer to stay the proposed auction of 26 shops and a restaurant at the Liberty Park and Ride Plaza. Advocate Azhar Siddique filed the application into an already pending writ petition against the establishment of the plaza.
ISLAMABAD: The operation against land grabbers has reached a deadlock, with CDA shifting the responsibility onto ICT Administration and police. However the Islamabad Capital Territory (ICT) Administration, when contacted, rejected the notion that such operations were a part of their duty. A senior CDA official said that CDA Chairperson Imtiaz Inayat Ellahi was informed time[…]
The number of projects registered under the Dubai Land Department’s (DLD) Tayseer programme has reached 114 and the first funding agreement under the scheme is expected to be finalised soon, a senior official told Emirates 24|7. “The second phase has already started with the number of projects approved under Tayseer programme now standing at 114.[…]
ISLAMABAD: 9th free pollen allergy relief camp set up by the ICT Administration at Aabpara Community Center has so far treated 1765 pollen allergy patients.
SINGAPORE: India and China’s quest for clout and resources extends across the globe, but perhaps the best manifestation of this fierce competition, and possible sign of who will ultimately win, lies in a tale of two ports. The port of Chabahar in the southwest corner of Iran, which India is hoping will win it access[…]
Chairman un-registered Civil Society Islamabad (CSI) Raja Jamil Abbasi, alleged that the Capital Development Authority (CDA) has been constantly violating the directions issued by Civil Judge Nasir Irfan Tarar, who has directed the CDA to immediately close down all operations in the Arts and Crafts Village (A&C), located adjacent to the Rose Garden & Jasmine[…]
ISLAMABAD, March 25: The estate wing of the Capital Development Authority (CDA) has termed the 14 restaurants and 54 guesthouses in the residential sectors illegal but they are continuing their businesses unhindered, has learnt. “We have issued notices to all these illegal businesses several times, but under political pressure, the CDA had never taken any[…]
Federal Audit Works DG says no lease or auction was held in allotment of plots ISLAMABAD: A special committee of the Public Accounts Committee (PAC) on Friday sought a report from the Capital Development Authority (CDA) on the allotment of plots to a former army chief and three aide-de-camps (ADC) of former prime ministers without[…]
On Thursday, there was a U-turn in the Bahria Town car race case. This happened when the investigation officer informed the Supreme Court that Atif Sheikh, the main event organizer was detained last week in Dubai. He was caught through Interpol. After that there was a huge of confusion in the court. Atif had applied[…]
Emaar Properties PJSC will hold its 13th Annual General Meeting on Monday, March 28, 2011, at 5pm at the Constellation Ballroom of The Address Dubai Marina. The AGM will discuss and approve the report of the Board of Directors on the activities and financial position of the company and the company’s balance sheet. The AGM[…]
In a move that boosts market confidence and transparency Dubai Real Estate Regulatory Agency (RERA), the regulatory arm of the Dubai Land Department, announced it has completed receipt of financial statements for 70% of all real estate projects registered at RERA, by creating a new auditing system that is being implemented for the first time[…]
LAHORE: A division bench of the Lahore High Court on Thursday issued a notice to the Punjab government for April 6 on an intra court appeal challenging an order dismissing a writ petition against the construction of flyover at Kalma Chowk. Lahore Conservation Society and others had filed the appeal through Advocate Ahmad Rafay Alam.[…]
ISLAMABAD: Bahria Town car race case took a new turn on Thursday when the investigation officer told the Supreme Court that Atif Sheikh, the main event organiser, was arrested last week in Dubai through Interpol. DIG Mubasharrullah informed the court that Atif had applied for political asylum. On the other hand, lawyer of the chief[…]
ISLAMABAD: The IESCO on Thursday said power supply to certain areas of the Islamabad capital territory would remain suspended due to maintenance and development work. The spokesman said these areas under the following feeders would remain suspended as on Friday 25th March from 9am to 1 pm, G-10/1 feeder, Sector G-10/1, G-10 Markaz, Mari Gas,[…]
SC orders extradition of Atif Sheikh from Dubai ISLAMABAD: The Supreme Court Thursday directed Interior Ministry to extradite Atif Sheikh, the main accused of drag race incident that had killed five and injured two, from Dubai through Interpol. The court also directed the Investigation Officer (IO) to carry out investigation and to proceed in accordance[…]
KARACHI: Gwadar Port plans to handle 125,000 tons of fertiliser during the current year, but the Port of Singapore Authority (PSA) is creating hurdles for the port, an official said on Thursday. “The Port of Singapore Authority (PSA) is creating problems for the Tally Contractor, Hussain Traders.” The contract for Tally services (to monitor the[…]
ISLAMABAD: The government`s financial plans for the next budget are still being given final shape and they include a step to bring real estate into the tax net. It aims to introduce heavy penalties for those found guilty of evasion as well as more drastic measures such as purchases by the government in case property[…]
Operation clean-up by City District Government Lahore (CDGL) in Urdu Bazar Lahore.
Deyaar Development said on Wednesday that net losses in 2010 were AED2.3bn ($626m) on the back of writedowns and extremely challenging market conditions. The Dubai-based real estate company said it was increasingly focusing its operations on its property management business rather than new-build projects. Saeed Al Qatami, CEO, Deyaar, said: “As we enter a period[…]
TASHKENT – Pakistan is now focusing it attention on developing bilateral relations with Central Asian Republics (CARs) in an attempt to prepare itself for handling Afghanistan situation once the ISAF and NATO troops pull out of this war-torn Muslim neighbouring country. Pakistan being a frontline state in the America-led war on terror has it genuine[…]
