In an exciting development for Punjab, the Chairman of the Planning & Development Board (P&D), Iftikhar Ali Sahoo took a significant step towards progress. He visited the Punjab Central Business District Development Authority (PCBDDA), with the aim of fostering dialogue around ongoing and forthcoming initiatives that are vital for the province's economic upliftment. A Fruitful Exchange with CBD...

The recent months have seen a substantial change in the economic scenario of Pakistan, with the local currency, PKR, strengthening against the US dollar (USD). This has led to a consequential dip in steel prices, offering relief to the construction industry. However, this relief is somewhat offset by the steady rise in cement prices. The Impact on Steel Rates Since September 2023, the steel industry...

The real estate sector is a treasure trove of opportunities for those with an eye for investment. Many of the world's wealthiest individuals have reaped substantial profits from this industry. In particular, Hong Kong tycoon Lee Shau Kee, with a net worth of $26.7 billion, tops the list of Real Estate Billionaires Top 10 Real Estate Billionaires These individuals have turned brick and mortar into...

Pakistan is on the brink of a significant milestone in its history - the finalization of its first-ever National Space Policy. This policy is not just a regulatory framework for the growing satellite industry in the country but also a testament to Pakistan's ambition to venture into the vast expanse of space. Establishing a National Space Agency One of the key elements of this forthcoming National...

In the grand scheme of Gwadar's growth, the Gwadar Port plays an integral role. The Senate Standing Committee on Maritime Affairs recently convened at Parliament House to discuss acquiring the remaining land needed for constructing the railway track that will link the Gwadar Port to the Railway Container Yard. The meeting, led by Senator Rubina Khalid, examined the project that received approval from...

Hyderabad's leadership has taken a proactive step towards creating a sustainable future for the city. The Mayor of Hyderabad recently hosted a meeting to discuss the Hyderabad Master Plan 2047, a Rs. 500M project that maps out a comprehensive strategy for the city's development over the next two decades. A Collaborative Approach to City Planning In a rare assembly of stakeholders and government...

In the ever-developing city of Islamabad, the Capital Development Authority’s (CDA) Water Management Wing has taken a progressive step. They have launched a feasibility study for two prospective dams in Islamabad: Shahdara and Chiniot. This initiative comes as a response to the burgeoning demand for water, which the current reservoirs, including Simly Dam and Khanpur Dam, struggle to meet. The...

In an exciting development, the United Arab Emirates (UAE) has announced plans to formulate a national investment strategy. This initiative is designed to strengthen UAE's economy and position it as a significant global economic player. This initiative is spearheaded by the recently appointed Investment Minister, Mohamed Al Suwaidi, who has been tasked with crafting a strategy that is viable both...

The Lahore Development Authority (LDA) recently exposed a colossal property transfer fraud in Lahore. This scam involved manipulation of official documents to issue No Objection Certificates (NOCs), primarily facilitated by corrupt officials within housing directorates and town planning wings of the LDA. The scam has inflicted heavy financial damage on the national treasury. Unveiling the Fraud: A Tale...

Recently, DHA Gujranwala (Defense Housing Authority) announced exciting news on their official Facebook page, creating a buzz in the real estate world. The possession date for Executive Block and Commercial Zone-3 has been unveiled, creating waves of excitement among prospective buyers and stakeholders. The Much-Anticipated Possession Phase The announcement marked December 20th as the possession...