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CDA asks govt to pump Rs 6.67bn into PSDP projectsThursday, April 30, 2009ISLAMABAD: Capital Development Authority (CDA) has sought Rs 6.67 billion from the government for completing work on 28 Public Sector Development Programme (PSDP) projects during the next fiscal year. Of them, 17 are new and 11 ongoing developments schemes valuing Rs 5.4 billion and Rs 1.26 billion respectively. The CDA has submitted a summary in this respect to the Planning Commission ... more |
Mirza Adam Khan Road, half landfill, half encroachmentWednesday, April 29, 2009Karachi: Smoke covers the Lyari Expressway Project starting point as the Mirza Adam Khan Road is engulfed in fumes from burning garbage littered along the road. Part of the major road which helps connect Keamari, Saddar, Site, Garden and Lyari towns is being used as a garbage dump while one of its lanes has been encroached upon. Lyari Town Municipal Officer Afaq Saeed told The News that the ... more |
Complicated issue of plot allotmentsFriday, April 17, 2009Islamabad: How plots are being allotted in posh and expensive sectors of Islamabad is an interesting phenomena and new facts are throwing light on this process. In one case the officer who allots plots to others has himself acquired an expensive plot, and says he has the right to do so. Federal Government Employees Housing Foundation (FGEHF) Director General Sher Afzal, however, said that t ... more |
Attractive Bargains Draw Buyers As Home Prices Continue SouthwardsThursday, April 16, 2009Investors interest in Dubai’s residential real estate has perked up as home prices on average have nearly halved since the fourth quarter of last year, according to property broker Asteco. According to a report released on Wednesday, Asteco said that the drop in sales prices is seeing an increase in transaction activity as buyers take advantage of lower-priced units. Apartments in Jumeirah Beach ... more |
Gulistan-e-Jauhar residents suffer as encroachments go onThursday, April 16, 2009Karachi: Since 1992, Atoof Ahmed had been fighting in court over a plot of land in Block-6, Gulistan-e-Jauhar, that legally belonged to him. The plot, however, was taken over by a powerful land mafia, and Ahmed eventually died of a heart attack on court premises without getting it back. Like Ahmed, as many as 22 people who had been allotted a plot on the 65-acre piece of land next to Dubai ... more |
Inquiry of DHA occupation of Punjab govt land shelvedThursday, April 16, 2009LAHORE: An inquiry against the Defence Housing Authority (DHA) for occupying Punjab government land worth Rs 40 billion has been put on the back burner. Reliable sources in the Punjab government told Daily Times on Wednesday no progress had been made on the issue, which was earlier referred to the Chief Minister’s Inspection Team (CMIT) for holding an inquiry. The matter was raised by ... more |
Real Estate Report Lists Policy Ideas for RecoveryWednesday, April 15, 2009A real estate company has called upon the government to grant residency visas to those who purchase property across the UAE. In an exclusive preview of its annual report, Better Homes has revealed a list of recommendations about how legislators can manage the property market downturn. There are certain steps in which (regulators) can influence a faster recovery once the market beings to t ... more |
New Karachi emerges as most beautiful townMonday, April 13, 2009KARACHI: In the past, the town was said to be ugly but the present City District Government Karachi (CDGK) took keen interest in it and has converted it into one of the most beautiful towns in the city. The town has evolved into one of the richest in terms of greenery as it now has 13 beautiful parks, which are duly maintained and looked after by the Town Municipal Administration. New ... more |
Beautification at the cost of civic amenitiesMonday, April 13, 2009PESHAWAR: The local government is spending millions of rupees on beautifying Town-1 but appears to be indifferent to the locals’ problems. During a Daily Times’ visit to the Town-1’s union councils on Sunday, people complained of water and gas scarcity, dilapidated roads, insanitation, open manholes and overflowing gutters. They said sewerage system was in tatters causing sewage and fi ... more |
CDA to demarcate land for cricket stadiumFriday, April 10, 2009ISLAMABAD: Capital Development Authority (CDA) has agreed in principle to demarcate 40 acres of land in National Park Area of Zone-II for the construction of a cricket stadium of international standard in the federal capital. Details of an agreement between CDA and Pakistan Cricket Board (PCB) would be worked out as quickly as possible while a memorandum of understanding (MoU) would be sign ... more |
FBR proposes new benchmark for undeclared propertyThursday, April 09, 2009ISLAMABAD: Federal Board of Revenue (FBR) has proposed new valuation benchmarks for unexplained and undeclared immoveable property such as open plot, agricultural land and constructed immovable property for taxation purposes. Hidden assets upon detection by the tax authorities would be valued for taxation according to the District Officer Revenue or provincial authority authorised stamp dut ... more |
Costa Ballena - the Spanish resort they got exactly rightWednesday, April 08, 2009Even when applying the magic formula of ‘sun + beach + golf’ many holiday resorts come a cropper. Over-built, over-crowded and over-hyped. But not Costa Ballena. This Andalusian Tourist Board masterminded development at the heart of Spain’s southern coastline constitutes something of a blueprint for holiday resorts of the future. Costa Ballena was founded almost ten years ago on a four mill ... more |
Law ministry for transfer of naval land to Gwadar Port AuthorityThursday, April 02, 2009ISLAMABAD: Law ministry has given a go ahead to Ports and Shipping ministry to transfer 584 acres of naval land at East Bay to Gwadar Port Authority (GPA) to establish Free Industrial Zone. Ports and Shipping ministry will move a summary within few days to seek Prime Ministers approval for transfer of land to GPA in the light of the opinion given by Law ministry, well placed sources in the ... more |
