Islamabad: The Capital Development Authority (CDA) on Tuesday (January 17) conducted balloting for 411 plots to award plots to the residents of Sarai Khurbuza, Sara-e-Madhu in Sector C, and Sangjani, news sources reported. The ballot awarded land ownership to the land owners whose land was acquired by CDA for the development of Sectors C-14, C-15, and C-16. As per the sources, the authority has awarded...
Islamabad: Capital Development Authority (CDA) Chairman Captain (retired) Muhammad Usman Younis shared that Margalla Avenue will soon be open to traffic, according to news published in the leading newspaper on January 19. CDA Chairman Younis shared the video update on the progress of Margalla Avenue, hinting that the long-awaited road will soon be open to traffic, however, he didn’t share the exact...
Islamabad: Arif Habib Limited (AHL) – a brokerage house – stated in a report that a country might face a steel shortage in the coming days as the profitability of the construction sector will adversely be affected due to the short supply of dollars and limitations to secure Letters of Credit (LC) for import of raw materials, according to news published in the leading newspaper on January 17. As per...
Lahore: Punjab Chief Minister (CM) Pervaiz Elahi On Wednesday (January 19) launched three mega development projects for Lahore aimed at solving traffic problems in the city, news sources reported. The three mega development projects include the Shahdara multi-level flyover, Saggian Road, and Sharaqpur Road projects. The projects were launched at an event organised by the provincial government and...
Lahore: The Lahore Development Authority (LDA) has announced that the 4th ballot for the allotment of plot numbers in the LDA City housing scheme will be held on February 28, as per an announcement published on LDA’s official Facebook page on January 18. While updating the citizens on the development and land acquisition status of the scheme, the advertisement informed them that the LDA has expedited...
Islamabad: The Abu Dhabi Fund for Development (ADFD) has offered a rollover of USD 2 billion to Pakistan, bringing macroeconomic stability to forex reserves, news sources reported on January 18. The news was shared by Finance Minister Ishaq Dar on his official Twitter. In his tweet, the minister said that “Abu Dhabi Fund for Development (ADFD) has rolled over their deposit of $ 2 billion with the...
Peshawar: Khyber Pakhtunkhwa (KP) Chief Minister (CM) Mahmood Khan on Monday (January 16) directed the relevant authorities to allot land to Pakhtunkhwa Highways Authority (PKHA) for the construction of the Swat Motorway Phase-2 and Dir Motorway project, news sources reported. The CM issued these instructions during a meeting to overview the ongoing development projects in the province including...
Lahore: Punjab Chief Minister (CM) Pervaiz Elahi on Tuesday (January 17) laid the foundation stone of ‘Data Darbar Parking Plaza’ near the holy shrine of Usman Ali Hajveri, news sources reported. The nine-story Data Darbar Parking Plaza will span an area of 7 kanals and be completed with an estimated budget of PKR 3 billion.As per the sources, the project will have the following features: The...
Rawalpindi: The Rawalpindi Development Authority (RDA) has announced the preparation of a 25-year master plan for the Rawalpindi district, news sources reported on January 17. The RDA master plan will be prepared in collaboration with the local government and will designate separate areas for housing schemes, industries, and the central business district. Speaking to the media, RDA Chairman Saif...
Gwadar: The much-awaited New Gwadar International Airport (NGIA) is all set to begin test flight operations within the next 60 days, news sources reported on January 16. As per the airport developers, the work on the first international airport in Gwadar is 55% complete, with the NGIA moving into high gear with the installation of 39 hold or hand baggage scanning machines. The scope of work includes...