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New city Zulfikarabad’s site selected

President briefed on progress of Zulfikarabad city project Zardari directs launch of robust promotional campaign by holding road shows abroad KARACHI: Site for the new proposed city Zulfikarabad in Thatta district has been identified and management consultants of the project will be appointed next month followed by inviting Expressions of Interest (EOI) from international firms[…]

Another three flyovers approved

Administrator Karachi Fazlur Rehman on Monday approved the construction of flyovers on three roundabouts in the city. Rehman directed the city government’s Works & Services Department to allocate funds for the construction of a flyover each at Shahra-e-Pakistan (near Water Pump), SITE (near Habib Bank Chowrangi) and Dr. Ziauddin Road (near Shaheen Complex) in the[…]

So you think you can invest?

KARACHI: The year is 2000 and you have just received a crisp one thousand rupee note from a distant uncle on Eid. Being the prodigious aspiring investment banker that you are, you invest the amount and look forward ten years into the future. A decade later, a real estate investment would be worth Rs2,195, a[…]

Is real estate the right investment option for you?

KARACHI: Despite the many real-estate booms and busts that the Pakistani property market has gone through over the last two decades, most individual investors remain convinced that land remains a good, long-term investment. Yet, while this assertion may well be true (there is no empirical evidence either way), investing in land may not always be[…]

Land-grabbers to be tackled in courts

Karachi: The Sindh government has decided to forcefully counter the increased land grabbing in Karachi in the courts, besides taking administrative steps to curb the menace. A high-level meeting was held in this regard on Wednesday, with Sindh Law Minister Ayaz Soomro in chair, attended by officials of the board of revenue, and land utilization[…]

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