With the passage of time, the lifestyle of people around the world experienced different transitions driven and influenced by varying trends. Yet, the basic necessities have remained the same, and housing is one of them. The necessity of shelter is amongst the foremost priorities in the need hierarchy of people.[...]

Mortgage policies in Pakistan have started to improve gradually owing to the ruling government’s initiatives aimed at easing the access of Pakistanis to homeownership. The government of Pakistan has launched an ambitious push to build 5 million affordable homes under the Naya Pakistan Housing Scheme and accordingly relaxed various banking[...]

The Law of mortgages refers to the creation of a security interest in real estate held by a lender as security for a debt, generally a loan. Mortgages are not debts in and of themselves; they are the security for a debt. The mortgagor transfers the property, the mortgagee who[...]

Climate change doesn’t discriminate based on the social and economic standings of an individual; rather, its impacts are widespread and have the same potency for every segment of the society. The impacts of climate change are hampering the socio-economic development of states in myriad ways. The phenomenon is echoing in[...]

ISLAMABAD: The Capital Development Authority (CDA) Board granted approval for the development budget worth Rs49 billion, for the financial year 2020-21. The board meeting informed that the expected expenditures will cost around Rs39 billion. Around Rs24.5 billion out the total will be utilised to complete 89 development projects, out of[...]

KARACHI: “Housing finance has seen little progress over time and is still underdeveloped in Pakistan,” said State Bank of Pakistan (SBP) Governor Dr Reza Baqir, in a meeting of the Naya Pakistan Housing and Development Authority (NAPHDA). NAPHDA Chairman Lt General Anwar Ali Haider and relevant officials, including members of[...]

While travelling on the roads of Islamabad, through the clusters of buildings, one can’t help but get lost as they look outside their car windows. You observe the capital divided into zones, conjoined together like a spider web with a vast network of roads and overhead bridges. While taking a[...]

Pakistan faces a severe housing shortfall. According to the State Bank of Pakistan, there is an estimated deficit of around 10 million housing units, which increases by 700,000 every year. Together with such a huge shortfall, the existing unsatisfactory housing facilities make it impossible for the government to elevate peoples’[...]

Rawalpindi: Adviser to PM on Finance, Revenue and Economic Affairs Dr Hafeez Shaikh, presented the Economic Survey 2018-19. It reveals that the total remittances have increased by 8.45 percent in the first 10 months of the current financial year. This is a raise from $17.875 billion to $16.482 billion. Majority[...]

Rawalpindi: Property tax on 5 marla houses had been removed and despite of it, people have been sent notices. Chief Minister Punjab Usman Buzdar has taken note of the Excise Department issuing notices to people for the submission of a ten year tax for 5 marla houses. MNA Sheikh Rashid[...]