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Pakistan Property News & Trends

Shortage of funds halts flyover projects

LAHORE – The City District Government Lahore has failed to arrange sufficient funds for the construction of mega project of ‘Canal Flyovers’ due to severe financial crunch, despite Punjab Chief Minister Shahbaz Sharif laid foundation stone previous month, sources informed The Nation.

Building projects: Senate body probes why Lyari Expressway project overshot 2007 deadline

KARACHI: Lyari Expressway officials claim that the stagnation of the expressway’s project came down to the Sindh government’s “lethargic attitude” while the communication standing committee bashed the builders for using “substandard materials” on roads. On Thursday, the Senate standing committee on communication met with Senator Wali Muhammad Badini at the National Highway Authority (NHA) office[…]

Land scam: Special team formed to arrest realtor, son

RAWALPINDI: A special police team, headed by Senior Superintendent of Police (SSP) Yasin Farooq, has been constituted to arrest a real estate tycoon and his son involved in a land scam. The move came after the Anti-Corruption Establishment (ACE) director sought the help of the police in arresting Bahria Town owner Malik Riaz and his[…]

CDA ordered to review rates within month

ISLAMABAD – The Capital Development Authority (CDA) Board is still waiting for authority’s finance wing submission over proposed enhancement in charges to raise additional storey/floor on existing commercial and residential buildings. CDA Board has forwarded the summary in this regard to finance directorate in May 2011, though approximately six months have been lapsed but still[…]

Pakistan-Tajikistan road to cost Rs.2 bn

Islamabad, Oct 19 (IANS) A road that would connect Pakistan with Tajikistan is estimated to cost Rs.2 billion. The proposed road between Gilgit-Baltistan and Tajikistan would open up new avenues of progress and prosperity in the region, reported Associated Press of Pakistan.

CDA without electricity for second consecutive day

ISLAMABAD – The electricity supply to the Capital Development Authority (CDA) offices could not be restored on the second consecutive day on Tuesday after the Islamabad Electric Supply Company (IESCO) had suspended the power supply to several government departments including the CDA the other day. An IESCO official said the CDA owed Rs 13.45 million[…]

DHA valley Islamabad

In August 2008, DHA Islamabad announced a scheme for balloting of plots measuring 5 and 8 marlas, which was open to general public. It was a unique and strange balloting, where all applicants were declared successful and by a strange coincidence there were hardly any applicants from our armed forces, who are supposed to be[…]

PM lays Foundation Stone of Diamer Bhasha Dam

CHILAS: Prime Minister Syed Yusuf Raza Gilani Tuesday laid foundation stone of the US 12 billion dollar Diamir Bhasha dam that would generate 4500 MW electricity and store over 8 Million Acre Feet of water to meet country’s growing power and irrigation needs. The dam, world’s highest concrete dam on River Indus would produce 19[…]

Lahore Ring Road funds diverted to dengue drive

The Punjab budget for fiscal year 2011-12 included Rs14 billion for the construction of Southern Loop 1. Now the government is looking for investors to provide the funds for the rest of the Loop. SL1 is scheduled to be completed by June 2012. LAHORE: Funds reserved for the Lahore Ring Road have been shifted to[…]

CDA to establish a new residential sector

ISLAMABAD, Oct 18 (APP): The Capital Development Authority (CDA) has decided to establish a new residential sector near ‘Park Enclave’ to reduce residential problems of low income groups. Chairman CDA, Imtiaz Inayat Elahi told APP that the new sector would fully equiped with all residential facilities. In order to reduce common men problems, the authority[…]

Senate body urges CDA to complete develop work of I-16

ISLAMABAD, Oct 17 (APP): Senate Functional Committee on Government Assurance here on Monday urged the Capital Development Authority (CDA) to complete development work of I-16 sector as soon as possible and facilitate the allottees. The Committee also said CDA should adopt legal procedure against those private Housing Societies who are using the name of CDA[…]

Life Style Residency Islamabad

Federal Government Employees Housing Foundation (FGEHF) Islamabad announced booking for Life Style Residency Islamabad in G 13 Markaz Islamabad. For booking details, application forms, instalment schedule, development status and possession time please contact Federal Government Employees Housing Foundation (FGEHF) Islamabad directory. Federal Government Employees Housing Foundation (FGEHF) 10 – Mauve Area, G-10/4, Islamabad Ph: 0092-51-2574630-35

HA to build several road projects on BOT basis: Chairman

ISLAMABAD, Oct 16 (APP): Chairman National Highway Authority Syed Muhammad Ali Gardezi said on Sunday that NHA has decided to undertake several major highway projects through public-private partnership on Build-Operate-Transfer (BOT) basis. In the first phase the NHA plans to build Hyderabad-Karachi Motorway (M-9) project under the BOT arrangement which would also encourage other private[…]

LDA pulls a new scam in Johar Town

LAHORE – The Lahore Development Authority has managed to pull a new scam of 526 plots worth billion of rupees in Johar Town. To add a cherry on the cake, a major effort is underway to hide the big guns involved in the scandal, for which special instructions have been issued to LDA Directorate of[…]

DHA Islamabad Bill violation of Punjab people’s rights: Sana

LAHORE: Punjab Law Minister Rana Sanaullah has said the proposed Defence Housing Authority Islamabad Bill 2007 to be presented in the National Assembly violates the rights of the Punjab people. Addressing a press conference at Model Town Saturday, he said Asif Zardari wants to accommodate his friend through this bill. Senior Advisor Zulfiqar Khosa was[…]

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