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Pakistan Property News & Trends

Islamabad land worth billions given for another golf course

ISLAMABAD: Just adjacent to the elite Guns Club, which is presently under the scrutiny of the Supreme Court, prime state land worth billions of rupees was silently leased out on nominal rent to the Pakistan Golf Federation (PGF) by General Musharraf during his last days in power for the entertainment of the country’s mighty and[…]

DHA appeals for donation

LAHORE – Lahore Defence Housing Authority (DHA) Administrator Brig Muhammad Aslam Rana has visited the 2 X Relief Camps, which are established in DHA Lahore and an appeal has been made to public and humanitarians for deposit of goods I donation to help of more than 30,000 affected families of FATA. He also requested to[…]

Kamla Chowk Flyover Lahore is open for traffic

CM inaugurates Kalma Chowk Flyover LAHORE – Punjab Chief Minister Muhammad Shahbaz Sharif laid the foundation stone of flyover project at Kalma Chowk costing more than Rs 2.3 billion. The flyover, which will be the best of the country, will be completed by August 14. Two flyovers of three-lane each will also be constructed on[…]

Suo moto notice on lease of 72 acres land

SC directs CDA to submit report on status of Gun Club ISLAMABAD: The Supreme Court (SC) while taking suo moto notice on the allotment of 72 acres land worth billions of rupees to the Gun Club Islamabad at the cheap rate of one crore rupees per acre, on Tuesday directed chairman of Capital Development Authority[…]

Pakistan’s first Communications Satellite PAKSAT-1R launched

ISLAMABAD: Pakistan’s first Communications Satellite PAKSAT-1R, as a part of Pakistan’s Space Programme 2040, was launched on Thursday at 2117 hrs on board China’s Satellite Launch Vehicle from the Xichang Satellite Launch Centre. Besides others, launch was witnessed by Secretary Defence Lt Gen Syed Athar Ali (R), Secretary Foreign Affairs, Salman Bashir, Director General, Strategic[…]

Gulf markets mixed amid global volatility

Gulf stocks were mixed on Thursday in reaction to continued volatility in global markets as investors worry over a potential new US recession. The Dubai Financial Market index, which dropped more than one per cent at the opening, managed to climb back to the green, closing 0.21 per cent up at 1,464.00 points.

Public buildings, road in private societies reduced

LAHORE – In an apparent move to facilitate the private housing scheme owners, the Punjab government has announced to give the facility of allocating two per cent of total land instead of five per cent for public buildings like parks, mosques, schools and hospitals and keeping the width of inside roads of housing schemes 30[…]

Encroachments in QAU: CDA ‘dodging’ responsibility to clear illegal occupants

ISLAMABAD: A controversy between Quaid-i-Azam University (QAU) Islamabad and the Capital Development Authority (CDA) has surfaced over retrieval of the university’s land from encroachers. The QAU administration claims that a large portion of its land is in illegal possession of 13 villages and some “politically-backed” land grabbers, against whom CDA is not taking any action[…]

Ignoring building laws

Rented out to a private school, a five-storey house in the National Police Foundation (NPF) housing scheme in sector E-11, having two basements and three upper floors, amply shows that most of the private and cooperative housing societies do not follow building by-laws of the Capital Development Authority (CDA). Owners of plots in private and[…]

NHA to install ETTM system at all toll plazas

ISLAMABAD: National Highway Authority (NHA) would install Electronic Toll and Traffic Management (ETTM) system on National Highways to improve the toll collection system. Minister for Commun-ications, Dr Arbab Alamgir Saturday said so far, this system has been installed on seven toll plazas, which are linked with the Operations Centre established at NHA head quarter to[…]

CDA to replace concrete barricades by automatic road blockers

ISLAMABAD, Aug 5 (APP):The Capital Development Authority (CDA) has planned to replace concrete barricades with automatic road blockers affixed with sensitive security cameras to avoid traffic congestion and introduce modern checking system.The Authority is facing criticism from people experiencing traffic congestion at security barricades and also spoiling the beauty of the city.An official source told[…]

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