ISLAMABAD: The federal government decided today to designate the current Commissioner of Lahore, Capt. (R) Muhammad Usman, as the Commissioner of Islamabad and as the Chairman of the Capital Development Authority (CDA). Being the current administrator of Metropolitan Corporation Lahore, Capt. (R) Usman has decided to cede his position by[...]

Ready to set a precedent in the heart of the Twin Cities – the Grand Bazar is a marketplace that embodies the country’s rich heritage with a touch of contemporary luxe. Being a key component of IMARAT Group of Companies’ landmark project, Islamabad Downtown, the Grand Bazar is primed to[...]

KARACHI: The International Finance Corporation (IFC) doubled its trade financing program for Pakistan in the fiscal year 2022, with the goal of providing support to critical imports and boosting the country’s economy post-pandemic.  Between the period of July 1, 2022, and June 30, 2022, IFC has invested almost $680 million[...]

ISLAMABAD: The International Monetary Fund’s (IMF) representative stated on Tuesday that Pakistan has completed the final prior action required for the IMF agreement’s seventh and eighth review by increasing the Petroleum Development Levy (PDL). The resident representative, Esther Perez Ruiz, issued a statement, stating that ‘with the increase in PDL[...]

ISLAMABAD: The Federal Board of Revenue (FBR) collected a total revenue of Rs458 billion during July 2022, exceeding the set target of Rs 443 billion. According to figures released by the board, the last month of the fiscal year exceeded the monthly revenue target by Rs15 billion, representing an increase[...]

ISLAMABAD: The Rawal Dam flyover project has entered its final stages as the project is set to be completed by the end of September. According to the Capital Development Authority (CDA), most of the filling work has been completed on both ramps of the flyover, with further instructions for compaction[...]

Defense Housing Authority Lahore has issued a final public notice of cancellation to allottees who have not payed their dues. The DHA administration has stated that the notice issued earlier had given a date of June 30, 2022 for payment of dues.  In the recent notice issued by the DHA[...]

ISLAMABAD: Pakistan Tehreek-e-Insaaf (PTI) Chairman Imran Khan has agreed to sign a Charter of Economy (CoE) to save the country from the current economic crisis. The Rawalpindi Chamber of Commerce and Industry (RCCI) has drafted the Charter of Economy.  In a meeting with the RCCI, Khan expressed his willingness to[...]

ISLAMABAD: The Capital Development Authority (CDA) has cancelled the licences of 14 housing societies that failed to register with the district administration. The societies were required to register in the districts they were located. Since they failed to comply with the requirements set in place by CDA, their licenses have[...]

ISLAMABAD: The Capital Development Authority (CDA) on Monday formed an inquiry committee to investigate the fake and illegal allotment of plots in sector D-13. According to a notification issued by the civic agency, the committee will be headed by Deputy Director General Estate Afnan Alam. The inquiry committee will investigate[...]