News

The Federal Government Employees Housing Authority (FGEHA) is set to complete the development work of the Green Enclave-II residential project for government employees by 2025. This project is a joint venture between FGEHA and Sky Garden, aimed at providing low-cost plots and flats to government employees. The first part of the Green Enclave-II project, known […]

According to data from the State Bank of Pakistan (SBP), remittances sent by overseas Pakistanis reached a seven-month high of $2.46 billion in October. This marks an improvement of nearly 12% from the previous month’s figure of $2.21 billion. On a year-on-year basis, remittances also increased by 9.58% compared to October 2022. For the past

The Pakistan Stock Exchange (PSX) witnessed continued dominance by bulls as the benchmark KSE-100 Index surpassed the 62,000 level for the first time in history on Monday. The index started the day positively, reaching an intra-day high of 62,912.61, but profit-taking in the late session trimmed the gains. At close, the KSE-100 settled at 62,493.05,

Good news for the people of Islamabad as they will now have the option to expedite the approval of their residential or commercial building plans by paying an additional fee. The Capital Development Authority (CDA) has set up express desks for faster processing, with residential plans being approved within two days and commercial maps within

The Rawalpindi Development Authority (RDA) and the National Database and Registration Authority (NADRA) have partnered to improve property transfer processes through biometric verification services. The RDA’s governing body approved this agreement in a meeting chaired by Rawalpindi Division Commissioner Liaquat Ali Chatha. In addition, an MoU between the RDA and the Punjab Information Technology Board

The Pakistan Army is embarking on an ambitious agriculture farming project in the Zarmalam area of South Waziristan. Initially starting with 1,000 acres of land, the project aims to expand to 41,000 acres over the coming years. Lieutenant General Sardar Hasan Azhar Hayat, the Corps Commander in Peshawar, stated that the Army is committed to

The Capital Development Authority (CDA) has announced plans to construct a new model village in the Islamabad Capital Territory (ICT). Spanning across 3621 kanal of land, the project is expected to be completed within two years. The model village will comprise of 4500 residential plots, each measuring 10-marla. Additionally, the village will house a commercial

Pakistan Hotels Developers Limited (PHDL) has announced that its board of directors has nominated two executives to finalize the sale of the Regent Plaza Hotel to the Sindh Institute of Urology and Transplantation (SIUT) Trust. The nomination of Muzaffar Baweja, CEO of PHDL, and Zubair Baweja, Managing Director of PHDL, was authorized in a board

A group of Pakistani real estate companies based in the United Arab Emirates (UAE) are interested in investing billions of dollars in Pakistan’s construction sector. The companies, including Almir, Habibi Group, and Mark Stone, met with the Association of Builders and Developers of Pakistan (ABAD) in Karachi to explore investment opportunities in the real estate

Pakistan and Saudi Arabia have finally reached an agreement on investment modalities, which will pave the way for the long-delayed ratification of a free trade agreement (FTA) between Pakistan and the Gulf Cooperation Council (GCC). This development is significant as it would mark the GCC’s first trade and investment agreement with any country in the