The Islamabad District Administration has given a seven-day deadline to property buyers who previously defaulted on their taxes on purchase or sale of properties from 2012 to 2020. If the residents who are liable to these taxes pay their dues as planned, the government will be able to collect 2.3 billion PKR in terms of [...]
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Pakistan railways plan to switch to locally manufactured components of locomotives instead of spending public funds on the import of these parts from different countries. According to the federal minister for railways Azam Swati, the locomotive parts produced in Pakistan are not of sub-standard quality compared to the international standards. Federal Minister for Railways Azam [...]
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Morgan Stanley Capital International (MSCI) has announced that it will add Pakistan to the MSCI frontier markets 100 as a number of global investors have shown their willingness to invest in the country’s businesses. The MSCI initiated the consultation on the eligibility of the MSCI Pakistan Index for the Frontier Markets 100 and MSCI Frontier [...]
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The Economic Coordination Committee (ECC) plans to include the extension of the lease to Chinese contractors of the Saindak copper-gold project and the revival of the tax concessions to Chinese power producers in an effort to attract investments into the second phase of the China-Pakistan Economic Corridor (CPEC). Besides the copper-gold project, the ECC also [...]
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To increase awareness amongst local tourists and travellers regarding responsible and sustainable tourism practices, the government announced the site of Pakistan’s first eco-tourism village. The village is located in Kaghan Valley, Khyber Pakhtunkhwa, a few kilometres off the Monroe Trail. Eco-tourism involves responsible travel to natural areas, conserving the environment, and improving the wellbeing of [...]
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To expedite work on the Sialkot-Kharian Motorway, the government of Pakistan has issued a Government Sovereign Guarantee worth Rs 6.9 billion through the National Bank of Pakistan. The project was approved by the Executive Committee of the National Economic Council (ECNEC) in its meeting held in March 2021. The project was to be built on [...]
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[nectar_animated_title heading_tag=”h1″ style=”color-strip-reveal” color=”Accent-Color” text=”Pakistan’s 1st Real Estate Think Tank”]
Capital Administrative Authority (CDA) plans to launch the Gandhara Triangle Project along the Grand Trunk Road to earn revenue that could be utilized for acquiring land in Zone 3. The federal commission will share the details of the project as they have been tasked with revising the master plan of Islamabad. The primary aim of [...]
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The Capital Development Authority (CDA) plans to make the Srinagar Highway a signal-free corridor. To ensure the easy flow of traffic, the city administration along with local government authorities plans to make the area signal-free by constructing three underpasses. It was a much-needed step as the majority of the motorists face massive traffic congestion in [...]
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According to Senior Minister for Tourism and Physical Planning and Housing, Sardar Tanveer Illyas, the government plans to establish a tourism authority in Azad Jammu and Kashmir (AJK) to exploit the region’s rich tourism potential and to uplift the socio-economic conditions of the local population. The establishment of the authority will be followed by the [...]
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