Mar 312017
 

By Shahram Haq

Pakistan’s real estate market saw a fluctuating trend in February with some areas showing growth.

According to statistics released by Zameen.com, a property portal, investor sentiments turned towards Gwadar, which is in the limelight due to the China-Pakistan Economic Corridor (CPEC) initiative. Another preference for realty investors remained Gujranwala, as a lot of development is underway in the city and majority of the emerging societies do not come under the tax-net due to lower prices.

Zameen.com CEO Zeeshan Ali Khan said Gwadar is an up and coming market and it has a lot of potential to offer some high returns.“I don’t find it surprising that investors are diverting their attention from Karachi to Gwadar, especially given the highly affordable prices in Gwadar projects at the moment,” Khan said. Continue reading »

 Posted by at 9:44 pm
Mar 132017
 

APP: Overseas Pakistanis Foundation (OPF)’s Board of Governors has increased its financial aid scheme from Rs-250000 to Rs-400000 per family of deceased overseas Pakistanis and Rs-300000 for disabled persons.

An official source said, “This scheme will help the bereaved families to overcome their initial financial issues soon after the demise or disability of their earning members.

He said that OPF had introduced financial aid scheme in 1980-81 to provide financial assistance to the destitute families of overseas Pakistanis in case of death or disability of overseas Pakistanis. He said that Overseas Pakistanis were playing vital role in strengthening economy of the country and they deserved special attention for resolution of their grievances. To a question he said that OPF had been working for the welfare of expatriate Pakistanis and their dependents in different areas like provision of financial assistance, educational, health and housing facilities. Continue reading »

 Posted by at 11:08 pm
Mar 022017
 

ISLAMABAD: The Supreme Court on Wednesday directed the National Database and Registration Authority (Nadra) to submit a reply for charging excessive fee from overseas Pakistanis for issuance and cancellation of identity cards.

A three-member bench of the apex court, headed by Chief Justice (CJ) Mian Saqib Nisar, heard a suo moto case regarding the charging of exorbitant fee from overseas Pakistanis for issuance and cancellation of Pakistan origin card (POC).

The court directed Nadra to inform as to how the rates for issuance and cancellation of the card were fixed. The CJ took suo moto notice of the practice of charging exorbitant fee for issuance and cancellation of the POC causing financial burden to overseas Pakistanis. Continue reading »

 Posted by at 11:00 pm