Apr 242014

The Bahria Town (private) Limited on Tuesday announced an initiative of providing home insurance (inclusive of apartments) in all its phases with effect from May 1, 2014.   In this connection, a contract signing ceremony was held between the Bahria Town (private) Limited and EFU General Insurance/Saudi-Pak Insurance (SPI).   Wing Commander (r) Ayaz Khan, [...]

Apr 232014

Limited buying/selling activity observed Property prices remained stable across three of the country’s major cities during the first quarter (Q1) of 2014. The property markets of Lahore, Karachi and Islamabad, which had registered increases in prices throughout 2013, were lukewarm during Q1 of 2014 with little buying and selling activity. Statistics show that prices for [...]

Apr 212014

First quarter 2014 After recording a mounting price trend throughout in 2013, real estate sector of the country took breather as property prices remained stable across the country in first quarter of 2014 (January –March), said Pakistan’s largest property portal Zamen.com. Zameen.com’s statistics available with Daily Times shows that plots and homes’ prices in three [...]

Apr 182014

Provincial Minister for Excise and Taxation Mujtaba Shujja ur Rehman Thursday said that the government would abolish luxury tax on houses and a new legal regime would be promulgated after suitable modification to cover not only luxury houses but any other luxury item which might be within the preview of definition of “luxury”. [lastupdated]

Apr 162014

approved by PHA PPI Minister of State for Housing & Works, Barrister Usman Ibrahim chaired a high level meeting of Pakistan Housing Authority (PHA) Board of Directors (BoDs) here on Thursday. After a consensus, the Board gave approval in principle to initiate 3 housing projects in different sectors of Islamabad. The board was briefed that [...]

Apr 122014

Most of the Overseas Pakistanis have questions regarding the importability of different vehicles while coming back to Pakistan. Enclosed, is the information regarding the import entitlement of vehicles under different categories by the Overseas Pakistanis and the amount of duty & taxes on such import of vehicles. To make it accessible to Overseas Pakistanis. Please [...]

Apr 112014

Committee constituted to resolve issues The News report by Muhammad Anis Capital Development Authority (CDA) Chairman Maroof Afzal has constituted a six-member committee to resolve longstanding issues related to the start of a mega housing project for federal government employees in Sector G-13. The committee, comprising three officials each from the Federal Government Employees Housing [...]

Apr 102014

The Board of Governors of Overseas Pakistanis Foundation has approved a large number of welfare schemes for Overseas Pakistanis. The BOG in its 124th meeting held in Islamabad on 9th April, 2014 was chaired by Federal Minister for Overseas Pakistanis & Human Resources Development Pir Syed Sadaruddin Shah Rashidi, expressed its satisfaction over the new initiatives which have been [...]

Apr 082014

The Sub-Committee of Senate’s Standing Committee on Overseas Pakistanis on Monday came down hard on the country’s foreign missions and consulate generals, stating that instead of facilitating overseas Pakistanis, they always increased problems for the expatriates who were considered as backbone of the country. The issue came under discussion during the committee’s Monday meeting at [...]