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LDA rejects Ride Plaza stay rumours

LAHORE – No stay order has been granted by any court against the construction of Liberty Park & Ride Plaza and rumours in this regard are totally unfounded, said LDA’s Legal Adviser Waqar A. Sheikh on Sunday. According to Mr Sheikh, all arrangements have been finalised for auction of the shops on April 6 as[…]

LHC declines to stay plaza auction

LAHORE, March 28: Justice Sheikh Azmat Saeed of the Lahore High Court on Monday issued notices to the Lahore Development Authority (LDA) on an application to grant stay order against the proposed auction of 26 shops and a restaurant at Liberty Park and Ride Plaza. The petitioners’ lawyer requested the court to issue a stay[…]

LDA reschedules Park and Ride auction

LAHORE – LDA has rescheduled the auction of as many as 26 shops at the lower ground floor, besides the space for a restaurant at the first floor of the Park & Ride Plaza on Gulberg`s Main Boulevard. The LDA had planned to sell the shops through an open auction on March 31, but later[…]

LHC seeks reply from LDA on liberty plaza

LAHORE – Lahore High Court Justice Sheikh Azmat Saeed on Monday directed the Lahore Development Authroity (LDA) to file a reply by April 15, on an application requesting to stay the auction of 26 shops and restaurant at the first floor of Liberty Park & Ride Plaza. The application was filed by owners of shops[…]

Energy conservation regulations for buildings

ISLAMABAD, March 27: The government has issued statutory regulations to ensure building standards for energy conservation across the country. Developed and introduced by the National Energy Conservation Centre (Enercon), Ministry of Environment, the new Building Energy Code of Pakistan (BECP) prescribes better insulations for effective cooling and heating besides other energy conservation methods that can[…]

Plea to stay auction of Liberty plaza shops

LAHORE, March 26: An application was filed on Friday in the Lahore High Court with a prayer to stay the proposed auction of 26 shops and a restaurant at the Liberty Park and Ride Plaza. Advocate Azhar Siddique filed the application into an already pending writ petition against the establishment of the plaza.

Next budget may bring real estate into tax net

ISLAMABAD: The government`s financial plans for the next budget are still being given final shape and they include a step to bring real estate into the tax net. It aims to introduce heavy penalties for those found guilty of evasion as well as more drastic measures such as purchases by the government in case property[…]

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