Mega Projects

Ravi Riverfront project is aimed at overcoming water crisis: Chairman RUDA

March 2, 2021

LAHORE: Ravi Urban Development Authority (RUDA) chairman, Rashid Aziz has informed that the Ravi Riverfront project aims at overcoming the water crisis. While talking on the occasion, the Chairman was of the view that the major problem faced by Lahore is clean-drinking water in the light of the increasing population.[...]

Balochistan government to declare Gwadar SEZ as a tax-free zone

February 22, 2021

ISLAMABAD : In order to gain maximum dividends from CPEC, the Balochistan government is deliberating on declaring Gwadar SEZ as a tax-free zone. The government of Balochistan is also working to bring foreign investors to stimulate economic activities and generate revenues. Furthermore, for the convenience of local and foreign investors,[...]

Social Innovation and Real Estate

February 19, 2021

Preamble Social innovation is the process of developing and deploying effective solutions to challenging and systematic social and environmental issues in support of social progress. This blog by the Iqbal Institute of Policy Studies (IIPS) presents the concept of social innovation and how it is linked to real estate development.[...]

PM Imran Khan approves Nullah Lai expressway project worth Rs75bn

February 12, 2021

ISLAMABAD: Prime Minister Imran Khan approved the long-awaited 16.6km long Nullah Lai Expressway project which will be completed at the cost of Rs75 billion.  The project is aimed at preventing the city from urban flooding and solving the commuting issues of residents of Rawalpindi. According to the details, the Prime[...] and NUST make History Together

January 28, 2021

First-ever real estate certification programme in Pakistan to be taught by experts at NUST!   Once again, is all set to score a first in the real estate sector of Pakistan. This time, it is in the realm of academia – and is not alone in this[...]

Franchise Agreement signed to Introduce Residence Inn by Marriott and Courtyard by Marriott in Pakistan

January 27, 2021

ISLAMABAD: The Imarat Group of Companies and Marriott International signed a franchise agreement to launch service of the Residence Inn by Marriott and Courtyard by Marriott for the first time in Pakistan. The signatories of the agreement were Chairman Imarat Group of Companies, CEO Mr. Shafiq Akbar and Director[...]

PM announces extension in tax relief construction package

December 31, 2020

ISLAMABAD: Given the success of the Fixed Tax Regime Scheme for the construction industry, Prime Minister Imran Khan has extended the relief package till December 31, 2021, to boost the economy. Pakistan’s economy registered rising economic activity, along with attracting record-breaking remittances. While addressing the nation in a live stream,[...]

How is Busting these 5 Real Estate Myths

November 26, 2020

Real estate is often looked at only as buying, selling and renting of properties including houses, apartments, plots, shops, etc. The case, however, is not only limited to these, as real estate involves buying, selling, and renting properties, along with offering investment opportunities, in both residential and commercial projects. As[...]

Land acquisition for Peshawar Model Town Project begins

November 18, 2020

PESHAWAR: To initiate work on Peshawar Model Town project, the relevant authorities have been directed to complete procedures including land acquisition, consultancy, and engineering design by Chief Minister KPK Mahmood Khan. The order was issued by CM KPK while chairing a meeting on the low-income housing project. The announced 1,80,000-acre[...]

RDA invites proposals to develop Rawalpindi Ring Road EZ

November 17, 2020

RAWALPINDI: In a meeting of the Rawalpindi Ring Road Economic Zones Facilitation Committee, chaired by Rawalpindi Development Authority (RDA) Chairman Tariq Murtaza, the authorities have invited proposals to establish economic zones along the new Rawalpindi Ring Road. The proposals are sought by traders from the twin cities of Islamabad and[...]