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LAHORE – Relaxation in the import of used cars is being fully abused by the auto dealers in connivance with the customs department, as heavy shipments of hundreds of 10-year-old cars have reached the port, TheNation learnt on Saturday.
ISLAMABAD: The Pakistan Railways and the Pakistan Railways Advisory and Consultancy Services (PRACS) on Monday decided to operate special safari trains in Khewra, Kalabagh and Changa Manga besides other places in connection with the 150th anniversary of the corporation.
LAHORE, Feb 7: The City District Govern-ment of Lahore (CDGL) could not make any considerable progress on 2,876 development projects as average utilisation remained 12 per cent with respect to allocation of over Rs53 billion in the 2010-11 fiscal plan.
KARACHI – Sindh Chief Minister Syed Qaim Ali Shah has said that there is vast scope of investment in the province and the government is endeavouring to provide infrastructure and incentives to investors to come and invest in various sectors particularly in development of coal and generation of power.
ISLAMABAD: NESPAK, a public sector engineering services and consultancy organisation, has made record progress during 2009/10 by acquiring projects worth Rs10.16 billion showing an increase of more than 56 percent, a statement said on Monday.
[Market Mood|Few buyers in Market] Bahria Town Lahore 5 Marla Commercial Plot Rates Bahria Town Lahore Sector B Safari Villas 4 Marla Commercial plot price 24 to 27 lacs Bahria Town Lahore Sector B Shaheen Block 5 Marla Commercial plot price 35 to 40 lacs Bahria Town Lahore Sector C 5 Marla Commercial plot price[…]
LAHORE – The Lahore Development Authority (LDA) has submitted a summary to Chief Minister’s Secretariat for the regularisation of the services of LDA Project Director (IT) Mansoor Butt working on contractual basis in grade BS-18, mocking the regularisation policy for contractual employees, LDA sources told Pakistan Today.
DUBAI: Developer Nakheel has offered home buyers property swaps for projects closer to completion or a five-year wait for refunds to drum up support for its restructuring plan, its chairman told a newspaper. About Dh4bn ($1.09bn) worth of homes — or half of the company’s liabilities to buyers — have already been swapped for other[…]
[Market Mood|Few buyers in Market] Bahria Town Lahore 5 Marla Commercial Plot Rates Bahria Town Lahore Sector B Safari Villas 4 Marla Commercial plot price 24 to 27 lacs Bahria Town Lahore Sector B Shaheen Block 5 Marla Commercial plot price 35 to 40 lacs Bahria Town Lahore Sector C 5 Marla Commercial plot price[…]
The names of Bollywood actress Minissha Lamba and Hollywood movie star Tara Reid have been used in a property scam in the United Arab Emirates to fleece investors of more than nine million dirhams.
The names of Bollywood actress Minissha Lamba and Hollywood movie star Tara Reid have been used in a property scam in the United Arab Emirates to fleece investors of more than nine million dirhams.
It is not necessary to be a hardcore property investor to enter the Dubai Real Estate market or to be a national citizen of Dubai. Dubai market welcomes everyone to multiply their investment and multiply their profits. You could be a simple businessman in any other field or job holder with enough savings to invest[…]
Trump Organization, the US company fronted by real estate mogul Donald Trump, has refused to confirm or deny reports it has scrapped its Trump International Hotel & Tower Dubai. Ali Rashid Lootah, the chairman of Nakheel, indebted developer behind the project, was reported as saying the $2.9bn project had been cancelled and would be replaced[…]
Property sales in Dubai plummeted in 2010 and the real estate market is likely to remain sluggish as new supply outweighs demand, according to consultants. The total value of real estate deals fell 65% last year and the situation was not helped by a lack of lending, according to the latest report from Jones Lang[…]
Naveed Qamar says security threats hampering exploration of oil and gas in Balochistan and Khyber Pakhtunkhwa ISLAMABAD: The National Assembly was on Wednesday informed that the imported Iranian gas would cost the country double as compared to existing gas prices. Currently, the gas price is about $5 per mmbtu while keeping in view the existing[…]
ISLAMABAD (updated on: 2011-02-02 20:51:28 PST): The Federal Government has approved an amount of Rs 90 million to Civil Aviation Authority(CAA) against the project of construction of new Gwadar International Airport.
ISLAMABAD: The project to construct new lodges’ for parliamentarians has been referred to the Joint Standing Committee of the Parliament on House and Library. The decision was taken in a meeting of the committees in Islamabad on Tuesday.
ISLAMABAD: The Capital Development Authority(CDA) has decided to give a seven-day deadline to land encroachers for vacating the encroached lands of the civic authority.
Valuables worth Rs 20m recovered Mastermind also arrested KARACHI: The Darakshan police on Tuesday apprehended two domestic runaway maids, who had stolen valuables worth Rs 20 million from the residence of a relative of the Sindh Home Minister Zulfiqar Mirza. The crime had taken place a week ago, but the untiring efforts of the police[…]
UAE (Dubai) – Standard & Poor’s Ratings Services said today that it assigned its ‘BB’ issue rating to the $500 million senior unsecured trust certificates to be issued by United Arab Emirates-based property company Emaar Properties PJSC (Emaar; BB/Negative/–) under the Trust Certificates Program launched by Emaar Sukuk Ltd., a special-purpose vehicle incorporated in the[…]
There has been much concern about the possibility of a property bubble, in the aftermath of the global crisis, China’s massive stimulus program, and the Fed’s quantitative easing. These projections misrepresent the problem.
Dubai Financial Market (DFM) has announced that it will introduce a unified fluctuation band for all listed securities within the one trading session based on 15% up and 10% down, as of January 2, 2011. Additionally, the exchange will adopt modified rules for the DFM General Index (DFMGI) to further reflect the highly traded stocks[…]
Dubai Financial Market (DFM) received a high level delegation of major Financial Services and asset management companies from China, who met DFM’s senior management to share knowledge and explore opportunities for collaboration. The visit is part of the continued efforts to promote and expand the presence of international investors in the market. It is noteworthy[…]
These are not joyful days in Dubai. Jones Lang LaSalle reports from Abu Dhabi that Dubai’s real estate market woes are far from over as over-supply in office, residential and retail sectors will continue to push rentals down.
Dubai: Construction work on The Tiger Woods Dubai, a multi-million dollar golf and property development, has been suspended indefinitely, the resort’s developer said in a statement.
