June 25, 2021

Owners Of Land Acquired By CDA To Get Compensation Under Present Market Value

The Islamabad High Court (IHC) on Monday decided 35 identical petitions seeking compensations for thousands of people whose inherited lands had been acquired for the development of residential sectors in the federal capital. In ...
June 24, 2021
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RDA Finalizes Rs2.3 Billion Budget

The Rawalpindi Development Authority (RDA) on Tuesday finalized its budget for the fiscal year 2021-22 worth Rs2.3 billion with a maximum chunk of it to be utilized for development works.   The Punjab government ...
June 22, 2021

CDA To Give NOD To 11 Projects Worth Rs15.53b Next Week

The 52nd meeting of the Capital Development Authority (CDA) Development Working Party (CDA-DWP) which is scheduled to be held on June 29 will take up PC-I of elven development projects costing Rs15.53 billion for ...
June 21, 2021

Foreign Investment Jumps By 63pc In May

The inflows of foreign direct investment (FDI) in May jumped by 63 percent to $198.3 million compared to $121.4m in the same month last year, the State Bank of Pakistan (SBP) said on Friday. ...
June 19, 2021

Smart Village Project Initiated Throughout Pakistan

The Federal Ministry of Information Technology and Telecommunications has inaugurated a ‘Smart Village’ initiative in four provinces, including Islamabad Capital Territory (ICT) and Gilgit-Baltistan, through the Universal Service Fund (USF). The project will be ...
June 17, 2021

Rs8 Billion Has Been Earmarked For Karachi’s 19 Infrastructure Development Projects

The Pakistan Peoples Party-led Sindh government has allocated Rs8 billion in the provincial budget for the fiscal year 2021-22 for a total of 19 infrastructure development schemes in Karachi, around Rs6bn more than what ...
June 16, 2021

Punjab Proposes High Development Spending To Stimulate Growth

The Pakistan Tehreek-i-Insaf government in Punjab presented its fourth budget enhancing development allocations by 66 percent to Rs560 billion from last year’s Rs337bn as social sector and infrastructure development claim 63pc of the Annual ...
June 15, 2021

Realtors Irked By The Plan To Charge Flat 5pc CGT

A government plan in the Federal Budget 2021-22 to tax capital gains of Rs5 million and above on the sale of immovable property and bring property taxation under the normal regime appears unlikely to ...
June 14, 2021

Chagai To Be Linked With Gwadar, Afghan Border

The federal government intends to use road networks to connect the mineral-rich Chagai area with the Gwadar seaport and neighboring Afghanistan.   The recently proposed Nokundi to Mashkel road would be extended to Panjgur ...
June 12, 2021

Rs87 bn allocated for CPEC projects in the budget 2021-22

Dispelling the impression of slowing down of CPEC projects, Federal Minister for Planning Asad Umar has said the government has allocated Rs87 billion for the Public Sector Development Program (PSDP) for the next budget ...