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Federal Budget 2011-2012

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[…]

Cabinet approves budget 2011-2012

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[…]

Islamabad plots given as favour

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.

CDA auctions 12 commercial plots on second day of bidding

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[…]

NAECHS merger with Jinnah Garden?

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.

CDA auction shows: Real estate prices high

ISLAMABAD, May 30: Enthusiasm of bidders at the auction of residential and commercial plots by the Capital Development Authority on Monday belied the talk of a depressed real estate market in Islamabad. Not only more bidders turned up than did at the last such auction held in December, the Rs358.2 million that CDA received for[…]

Islamabad not to be divided administratively

The federal capital has been divided into two session jurisdictions, well-placed sources in the Ministry of Interior told ‘The News’. The chief commissioner has issued a notification in this regard, bifurcating Islamabad into two session divisions, sources added.

Bahria and Starwood to make iconic projects

Islamabad—President Starwood Hotel and Resorts, on his first visit to Pakistan, visited the Sheraton resort projects; Sheraton Hotel and Sheraton Golf and Country Club, which forms the part of a high-security, gated-access, mixed-use development “Bahria Golf City” Islamabad, soon to be launched project of Bahria Town. Also present at the occasion were Mr. Malik Riaz[…]

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