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Tuesday, March 19, 2019
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Real Estate

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KARACHI: The real estate sector has always been targeted by the gamblers and people involved in money laundering. Transfer of property files from one investor to another on speculation that prices will shoot up has been the norm. This has badly impacted the purchasing power of genuine buyers of houses and...
POLICYMAKERS are trying to make low-cost housing affordable for lower-middle and low income segments, and incentivised housing finance into a viable business proposition for banks. The upward revision of property valuation for levying advance and capital gains tax in upwards of 20 major cities may bring down soaring real estate...
ISLAMABAD: After receiving complaints from the citizens about malpractices and delays, the city managers have introduced a new standard operating procedure (SOP) to ensure a hassle-free transfer of residential property in the capital. The new SOP has been formulated mainly focusing on the swift issuance of No Demand Certificate (NDC),...
ISLAMABAD: Lack of policy and regulatory framework has led to the mushroom growth of real estate projects across the country, the Competition Commission of Pakistan (CCP) observed in its report. “The existing legal framework has failed to maintain a vigilant and a system of proper check and balance in...
ISLAMABAD: Prime Minister Imran Khan was informed at a meeting on Wednesday that over 40 bidders and construction companies had applied for providing land and constructing housing units under the Naya Pakistan Housing Programme (NPHP) of the federal government. Briefing the meeting on the progress of the programme, Housing and...
ISLAMABAD: The Task Force on five million housing units in its maiden session on Monday estimated that total financing requirement for construction of housing stands at around Rs16 trillion during next five-year period. Out of total cost of Rs16 trillion, 20 percent will be borne by the applicant/owner while remaining...
ISLAMABAD:  National Accountability Bureau (NAB) Chairman Justice (retd) Javed Iqbal on Tuesday directed strict action against housing societies and cooperative housing societies that failed to hand over plots despite receiving payments. The directives came during a meeting presided over by the NAB chairman at NAB Lahore. Also Read: NAB vows to protect interests...
ISLAMABAD: A two-member bench of the Islamabad High Court (IHC) upheld an earlier verdict rendered by its single bench, terming the acquisition of land for a government employees housing scheme illegal, applying the principle of “you cannot rob Paul to pay Peter”. Terming acquisition of land for the Federal Government...
KARACHI: Around Rs20 billion worth of properties owned by Pakistanis have been sold in a city of a Middle East country since June 2018. The property owners of Pakistan in the city have started selling their properties with minimal prices as the operation against allegedly illegal money has beefed up...
KARACHI: Housing finance by banks increased by 16.2 per cent during FY17 but the number of borrowers declined indicating the rising finance costs in the country. The State Bank’s latest report on housing finance by banks and development finance institutions (DFIs) showed that the total outstanding amount of housing finance...

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exports

Slow growth in exports

The performance of exports in the first eight months of 2018-19 has been disappointing. According to the monthly trade statistics of the PBS the...