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Islamabad Real Estate News

Islamabad: 7th Avenue going green again

Seventh Avenue, which makes travelling time between some sectors of Islamabad shorter, saw the chopping down of many trees some time back, something that was condemned by environmentalists and nature lovers. Now, as drivers use the road to save time and energy, the loss of greenery has receded into the background, as such issues usually[…]

Islamabad: PM housing scheme contract

The housing & works minister has informed the Senate Standing Committee on Housing & Works that the contract for construction of one million houses under Prime Minister’s Housing Programme has not been awarded yet to UK-based Company IHL (as reported rather erroneously in the Press) and the matter is still under process, as each and[…]

Islamabad: Economy: the worst nearing its end

Islamabad: Experts predict the next year to be difficult for the world economy. For Pakistan, it seems, the worst is nearing an end as 2008 closes. The year 2009 may be comparatively more productive for the businesses and the people. It is, however, imperative that war mongers are kept at bay by the people of[…]

Rawalpindi: 2008 witnessed rise in Rawalpindi crime rate

RAWALPINDI: Rawalpindi witnessed an alarming rise in crime this year than in the previous year. Statistics available with Daily Times show that 288 people, including women and children, were killed this year compared with 219 killings reported to Rawalpindi police last year. Similarly, 350 attempted murder cases were reported to police compared with 329 cases[…]

Bankers involved in currency scam

ISLAMABAD: The ongoing probe into the currency scam has revealed that influential bankers may be involved. Federal Investigation Agency (FIA) sources said decoded software unearthed that some senior bankers from leading commercial banks might be involved in the currency scam. The agency has contacted the State Bank of Pakistan (SBP) so that the bankers could[…]

DHA Islamabad Business Bay

DHA Islamabad announced booking for Business Bay Commercial Avenue in DHA Islamabad, Phase 1, Secotor F. Location: The perfect location of Business Bay is conveniently located at 3 minutes drive from GT Road Rawalpindi and has easy access from Islamabad Highway. It takes only 10 minutes from Islamabad/Rawalpindi Center to reach DHA Phase-1, Sector-F At[…]

Islamabad: Capital rural areas to have college, 2 more hospitals

ISLAMABAD: Chief Commissioner Kamran Lashari has announced construction of two hospitals and a college in rural areas of the federal capital. Addressing inaugural ceremony of an art gallery at Saidpur Model Village the other day, he said the hospitals and college would be constructed under a special package announced by Prime Minister Syed Yousuf Raza[…]

CDA covets foreign investment to cope with financial crunch

The Capital Development Authority (CDA) is yearning for foreign investment in the federal capital to handle financial crisis confronting it owing to world-wide financial meltdown, and execute mega projects planned for upcoming years. “We need the foreign business giants to invest their capital in the real estate sector and other mega projects, planned for the[…]

Islamabad: Farm-housing scheme faces closure

By Syed Irfan Raza – ISLAMABAD, Dec 2: The federal capital territory administration has decided to act against the owners of an allegedly illegal farm-housing scheme launched in Sector C-17 and D-17 in Zone-II along the Grand Trunk Road in which people have invested millions of rupees, sources told Dawn on Sunday. The sources said[…]

FBR seeks broadening of CVT scope

ISLAMABAD: The tax authorities have plans to broaden the scope of 2 percent capital value tax on purchase of immovable property, and have proposed amendments in the Finance Act 1989 asking the parliament to re-define the definition of ‘Urban Areas’ for bring in additional areas for taxation, tax official explained Daily Times.

Bahria Town Delivers Phase 8 & Overseas Enclave Rawalpindi

Possession handover is started in Phase 8 and Overseas Enclave Bahria Town Rawalpindi and members can get possession of their plots immediately. Phase 8 and Overseas Enclave are the benchmark communities of Bahria Town where international standard amenities have been provided in a unique manner. These facilities include world class school and hospital, underground supply[…]

'CDA has enough funds to execute all budgeted projects'

ISLAMABAD: The Capital Development Authority (CDA) has more funds than that of the budget targets set for the fiscal year 2008-09 and no project would be postponed due to financial crunch. A senior CDA official on Wednesday said that the Authority had announced the annual budget for current fiscal year with the outlay of Rs[…]

Zardari in talks with Saudi king

The Pakistani President, Asif Ali Zardari, has held talks with Saudi Arabia’s King Abdullah during a two-day visit to the country. Reports say the two leaders discussed recent Saudi initiatives to bring the Afghan government and Taleban leaders to the dialogue table. Mr Zardari’s visit comes at a time when Pakistan needs urgent funds to[…]

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