The Special Technology Zone Authority (STZA) is ready to start work on setting up the Islamabad Technopolis. The authority is in concept to establish the Technopolis on 140 acres of land adjacent to the National Institute of Health (NIH) Colony near Chak Shehzad. The Special Technology Zone Authority (STZA) was formed to provide support for [...]
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The Punjab Provincial Development Working Party (PDWP) has approved five development schemes for various sectors, especially the educational sector with an estimated cost of Rs.25,500 million. The development schemes also include the construction of the Sorra dam, national parks, wetlands, ecotourism sites and safari parks. These schemes aim to strengthen the capabilities of local institutions [...]
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Love5 Share Tweet Share Pin Introduction Agents and brokers are responsible for directing real estate investors through the process of buying and selling property. Besides conducting a formal agreement between the buyer and the seller, real estate agents are often the first point of contact and source of relevant information. The work and influence of [...]
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The government of Pakistan inaugurated the Green Youth Movement which aims to mitigate the impact of climate change in Pakistan and create 65,000 employment opportunities for the youth. The inauguration and the launch of this green movement are reflective of Pakistan’s commitment to sustainable development. According to Minister for Planning Asad Umar, Pakistan is one [...]
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Love5 Share Tweet Share Pin Introduction A lack of planning and regulation in the real estate sector has led to increasing malpractices in the real estate market. Considering these conditions, the Islamabad Real Estate Regulatory Act (2020) proposes several measures to regulate and standardise real estate practices across the country. Although the act remains focused [...]
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To increase transparency in the property valuation sector of Pakistan, the Federal Board of Revenue (FBR) has brought property valuation rates closer to market values ever since it was authorised to revise valuation in the metropolitan cities of the country. The FBR has revised property valuation tables two times in the past, once in 2018, [...]
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The Rawalpindi administration and local government authorities plan to build a 500-bed new District Headquarter Hospital (DHQ) hospital in Chakwal district to improve patient accommodation capacity in the healthcare sector of the region. According to Dr Yasmin Rashid, the provincial minister for Specialised Healthcare & Medical Education, the establishment of a DHQ in the Chakwal [...]
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To encourage growth in the manufacturing sector in Punjab, the provincial and federal government has decided to build and establish 10 Special Economic Zones (SEZs) in different areas of the province. Under the list of 10 SEZs planned, the approval for the construction of four of these SEZs has been attained. These SEZs will be [...]
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The Capital Development Authority will start its metro bus services as a trial from Peshawar Mor to Islamabad International Airport (IIA) from March 15 onwards. Currently, the metro bus operates on a single straight route from Saddar in Rawalpindi to Pak secretariat in Islamabad. Now the government wants to diversify the routes to increase the [...]
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For the first time in history, the Federal Board of Revenue reported 1 trillion PKR revenue from tax collection in the first quarter of the current fiscal year. According to the State Bank of Pakistan (SBP), FBR surpassed its target of Rs 970 billion by a large margin of 34 billion PKR. An analysis of [...]
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