Islamabad Real Estate News

ISLAMABAD: As the action is still awaited even after one month of the delivery of Environmental Protection Orders (EPOs) to owners, the brick kilns in Islamabad’s vicinity continue to pollute the environment.

ISLAMABAD: Political instability as well as security concerns after a surge of Taliban activities will not hamper investors who may inject Rs208 billion into development projects being currently offered by the government to the private sector.

ISLAMABAD (April 19 2009): The un-documented transactions of buying and selling of property in posh areas would be brought into the tax net by issuance of National Tax Numbers (NTNs) to the potential purchasers/sellers asking them to file income tax returns under the Income Tax Ordinance 2001.

ISLAMABAD: Federal Minister for Water and Power Raja Pervez Ashraf would inaugurate 40 KW demonstrative micro wind power project in Kalar Kahar today (Thursday).

ISLAMABAD: Pakistan Housing Foundation (PHF) plans initiating 6th phase of its housing scheme for federal government employees near Bara Kahu, said Housing Minister Rehmatullah Kakar on Wednesday. The minister told a news conference here that federal government employees would be offered 2,200 10-marla plots at Rs 1.2 million each in the new phase to be[…]

To ease traffic load at Kutchery Chowk, an underpass with a cost of Rs400 million is being constructed at Jhelum Road to divert vehicles to Adiala Road and Airport Road.

ISLAMABAD: The government has no intention to approach International Monetary Fund (IMF) for additional assistance because the Friends of Democratic Pakistan (FoDP) have pledged more than $5 billion, which seems sufficient to meet the country’s requirements.

Rawalpindi: To ease traffic load at Kutchery Chowk, an underpass with a cost of Rs400 million is being constructed at Jhelum Road to divert vehicles to Adiala Road and Airport Road.

Islamabad: Prime Minister Syed Yusuf Raza Gilani Wednesday formed a committee to pursue vacation of more than 400 housing units in Islamabad, which are being occupied by unauthorised occupants.

ISLAMABAD: Central Development Working Party (CDWP) of Planning Commission is likely to recommend and approve 51 development projects worth Rs 59.6 billion in its meeting scheduled for April 30, it is learnt here on Monday. According to the agenda, a copy of which is available with Business Recorder, CDWP will consider 6 projects in energy[…]

ISLAMABAD: With the financial collaboration of Islamic Development Bank (IDB) worth $39.07 million, a signing ceremony for the procurement and manufacturing of 530 newly designed high capacity bogie wagons, including Brake vans, was held between the Ministry of Railways and Chinese Firm Dongfang Electric Corporation on Saturday.

RAWALPINDI: Over 20 illegal commercial buildings have been demolished in Rawal Town, while teams have been formed to demolish remaining illegal constructions, Town Officer (Regulation) Aftab Chauhan told this news agency. The Superintendent Planning and Coordination said the Town Municipal Administration (TMA) had served notices on owners of over 200 illegal commercial and residential buildings.[…]

ISLAMABAD: Due to the economic slowdown in the country and the global financial crisis, nominal gross domestic product (GDP) of the country has been estimated at $162.6 billion in this fiscal year 2008-09 as compared with $167.5 billion in last fiscal year 2007-08 showing a decrease by $4.9 billion.

ISLAMABAD: Islamabad High Court (IHC) on Thursday directed the authorities concerned of Capital Development Authority (CDA) to strictly adhere to standard safety measures at public places.

How plots are being allotted in posh and expensive sectors of Islamabad is an interesting phenomena and new facts are throwing light on this process. In one case the officer who allots plots to others has himself acquired an expensive plot, and says he has the right to do so.

ISLAMABAD (April 21 2009): The Federal Cabinet has reportedly blocked a package of incentives for Gwadar Export Processing Zone (EPZ), secretly prepared by the Industries Ministry to “facilitate” one private entity, well-informed sources told Business Recorder on Monday.

RAWALPINDI: Capital Development Authority (CDA) on Tuesday restored two million gallons daily (MGD) water supply to Rawalpindi Cantonment Board (RCB) from Khanpur Dam that was cut off in January.

ISLAMABAD: One of the revenue generation measures might be “gross asset tax” on companys gross assets, taking into account their balance sheets. Sources told Business Recorder on Tuesday that the government is examining a proposal to levy “gross asset tax”, which might be some kind of levy on companys gross assets, declared in the balance[…]

ISLAMABAD: Parking problems are growing fast at Aabpara Market as the Capital Development Authority (CDA) has set aside its plans for roadside parking lots in place of footpaths. The CDA, over one year ago, decided to construct parking lots in place of footpaths on one side of Khayaban-e-Suhrawardi to keep flow of traffic smooth around[…]

ISLAMABAD: Director-General Gwadar Development Authority Ahmed Bukhsh Lahri has said the status of private housing schemes of Gwadar must be verified by interested parties before they purchase plots in the area.

National University of Science & Technology (NUST) plans to introduce a medical college along with a 1,000-bed hospital, complete with all state-of-the-art facilities within few years.

ISLAMABAD: Capital Development Authority (CDA) has warned the citizens against buying plots from unauthorised private housing societies in zone II, V and E-11 of the capital.

ISLAMABAD: Capital Development Authority (CDA) has warned the citizens against buying plots from unauthorised private housing societies in zone II, V and E-11 of the capital.