Month: July 2013

Real estate business doing well in Islamabad

BY FAZAL SHER & WAQAR LILLAH The real estate business in federal capital has witnessed 50 percent increase during the last few months due to migration of a number of well-off families from Khyber Pakhtunkhwa (KP) and Karachi to Islamabad because of deteriorating law and order situation in areas where they were resident.

Exchange companies directed to retain copies of customer CNIC

KARACHI: In order to strengthen anti-money laundering laws, State Bank of Pakistan (SBP) has directed all the exchange companies to retain copies of identification documents of their customers making outward transactions and other transactions equal or above $2,500. In a circular issued on Tuesday, the central bank also directed the exchange companies for physical verification …

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Supreme court orders freezing DHA Islamabad accounts

The Pakistani Supreme Court on Friday ordered freezing of accounts of the Islamabad and Rawalpindi wings of the Defence Housing Authority (DHA), a establishment run under the umbrella of the army. The top court ordered the freeze during the hearing of a case related to alleged irregularities in the accounts of government-sponsored Employees Old Age …

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More benefits for overseas Pakistanis

After sending a record amount of remittances to the country about $ 14 billion, the federal government is looking kind to overseas Pakistanis, media quoting sources reported on Tuesday. The government has been working upon different measures to benefit the overseas Pakistanis, a strong earning hand for the country in a time of economic turmoil.

Islamabad Sector I-15 still awaits uplift work

The development work in Sector I-15 could not be started despite the approval of revised layout plan by the Capital Development Authority (CDA). According to the revised layout, project of the construction of flats has been cancelled and allotees of flats will now be given plots.

Facility for overseas Pakistanis

 Senate body for increase in insurance policy to lifetime * Recommends increasing insurance policy from two years to lifetime By Ijaz Kakakhel The Senate’s Standing Committee on Overseas Pakistanis on Monday recommended the government to increase the insurance duration for overseas Pakistanis from current initial two years till their return from abroad. Ministry of Overseas …

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