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KARACHI:  Recent heavy rains that lashed Karachi exposed not only several deficiencies in the infrastructure of the city but also highlighted incompetency in the management of those responsible to maintain and uplift the infrastructure. productivity Although the population of Karachi in the latest census was estimated at 14.9 million, unofficial sources and...
ISLAMABAD: The government on Tuesday further increased property valuation rates by an average of over 30% for 20 major cities of the country, bringing them to 85% of the market prices aimed at collecting additional Rs40 billion from people in new fiscal year. For certain areas of Karachi, the rates have...
Prime Minister Imran Khan last week launched the Naya Pakistan Housing Project (NPHP) with 18,500 houses and apartments for the low-income group in Islamabad. The land for the scheme has been provided by a major private developer who will also build 10,000 units through its pocket. The cost of...
ISLAMABAD: Prime Minister Imran Khan on Thursday laid the foundation of a mega project to build 18,500 housing units mainly for the low-income group as part of his government’s dream to construct five million houses across the country. Addressing the ceremony, the prime minister said, “Out of 18,500 units to be...
LAHORE:  The federal budget for fiscal year 2019-20 has dragged the realty sector of Pakistan into a depressing mode, at least for now. Markets are eagerly anticipating the revised rates of land, to be announced by the Federal Board of Revenue (FBR), which will determine the future of this sector following...
KARACHI: The government has lifted the moratorium on the purchase of property worth over Rs5 million by non-filers of tax returns but has closed the window of legalising black money through investment in real estate in order to welcome only genuine buyers. “The previous government had imposed a restriction on the...
KARACHI: The dream of cheap housing in the country may remain only a dream as the interest rate hikes have undermined the low-cost housing programme. Financial institutions are charging as high as 15-18 per cent interest on housing loans despite low-rate supply of liquidity from the World Bank through a...
ISLAMABAD:  In what was their highest-ever return, the top civic agency of the federal capital has raised Rs11.284 billion in a four-day auction of residential and commercial plots in the city. The auction, the second one this fiscal year, has cumulatively raised 18.76 billion in its October and April rounds, or...
KARACHI: The Pakistan Mortgage Refinance Company (PMRC) has signed an agreement to provide loans worth Rs4.8 billion for the provision of low-cost housing under the programme initiated by Prime Minister Imran Khan. In a ceremony held recently at the Pakistan Housing Conference in Islamabad, the PMRC signed agreements and memoranda...
ISLAMABAD:  The local government of the federal capital is considering imposing a property tax on housing societies and model villages in the rural areas of the city apart from imposing two rupees per litre as a tax on mineral and bottled water sold in the city. This was decided in the...

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Kashmir-CPEC nexus

In a new geostrategic scenario, situation has tied up Kashmir and CPEC with each other forever. Their correlation has opened up a new window...