Property Kahani

13/06/2023

In an effort to promote power generation using alternative energy sources, Federal government has proposed 0% tax on parts of solar PV modules panels manufacturing, machinery, and equipment, in the Finance Bill 2023-24.

The initiative aims to support domestic solar panel producers and promote solar energy consumption throughout the nation. The government proposes to exclude inverters, batteries, and other similar equipment from the duty in the financial bill.

01/06/2023

The Association of Builders and Developers of Pakistan (ABAD) has claimed that 50 % of ongoing construction projects have come to a halt due to a hike in steel bar prices by large-scale steel manufacturers.
ABAD asked Federal Minister for Finance Ishaq Dar for the removal of the existing 30 percent regulatory duty on the import of steel bars for the revival of the construction industry.

01/06/2023

Quetta has granted conditional permission for the construction of tall buildings in the city after amending the 1937 Building Code Act. This decision comes after 88 years since the devastating earthquake of 1935 that caused significant loss of life and property.

Quetta Metropolitan Corporation (QMC) officials emphasize that strict action will be taken against violators of the Building Code Act. The amendment of the 1937 Building Code Act represents a significant stride in ensuring the safety and resilience of tall buildings in the city. As the construction industry embraces these new regulations, it is expected that Quetta will be better prepared to withstand future earthquakes, safeguarding the lives and properties of its residents.

30/05/2023

Located just 40 kilometers from Balakot, the world’s tallest and South Asia’s longest zipline has officially opened. The zipline spans 7,521 feet in length and stands at a height of 1,250 feet, making it a major attraction and unforgettable experience for tourists visiting the area.

23/05/2023

While addressing a Press Conference the Chief Census Commissioner and Chief Statistician of the Pakistan Bureau of Statistics (PBS), revealed the initial results of the 7th national and first-ever digital population census.
The Census Commissioner unveiled that Pakistan’s total population has now reached an impressive 249,566,743 individuals, which translates to approximately 249.5 million or around 25 Crore people.
Breaking down the population figures by province, it was found that Punjab remains the most populous province with a staggering population approximately 127.4 million or around 12.7 Crore people. Following closely behind is Sindh, with a population surpassing approximately 57.9 million or around 5.7 Crore people.

23/05/2023

Pakistan approaching the end of the financial year, there is growing unease surrounding the development of the forthcoming budget. The present circumstances have become increasingly tense following the finance minister's choice to exclude input from the business community.
This has raised concerns that the upcoming budget may adopt an excessively stringent approach and be heavily influenced by the International Monetary Fund (IMF).
The relief measures through budget may be the final hope to regain the lost trust of supporters who are going through hell. It is worth mentioning that the prices of essential food items have sky-rocketed with wheat price surging 106.7% year on year, rice price by 87.86%, eggs by 100.88%, potatoes 76.87%, and pulse by 57.19%, taking food inflation for April to 46.8% and 52.2% in urban and rural areas respectively.

An IMF-dictated budget, will further burden the poor, though there is no escape.

18/05/2023

Lucky Cement Limited will enhance its clinker production capacity with its Joint Venture (JV) partner in Samawah, Iraq, by adding a new line of 1.82 million tons per annum (MTPA), the company informed the Pakistan Stock Exchange on Thursday.

Keeping in pace with the increasing demand for cement in Iraq and to secure the supply of clinker for the JV cement grinding facility in Basra, the other JV Company of Lucky Cement Limited and Al-Shumookh group, Iraq (Najmat-Al-Samawah or NAS), has resolved to enhance its production capacity of clinker in Samawah, by adding a new production line of 1.82 MPTA.

18/05/2023

The mid-year United Nations survey on the world economic situation forecast that the inflation rate in Pakistan is expected to remain in double digits in the coming months owing to weakening local currency and supply-side constraints.

High inflation, tighter financial conditions, weaker private consumption, and external imbalances will continue to impact growth in 2023. As the region is highly vulnerable to extreme climate conditions, potential droughts and floods also pose a significant risk to the economic outlook, the UN survey.

14/05/2023

To the Root ,the Foundation and the Magic of Every House ✨
🌺 Happy Mother’s Day 🌺

11/05/2023

Pakistan's Supreme Court has ruled that former prime minister Imran Khan's dramatic arrest on corruption charges this week was illegal.The court ordered Khan's immediate release.

10/05/2023

The suspension of mobile broadband services has had a devastating effect on the economy, resulting in substantial losses for telecom operators, the government, and the people of Pakistan.
Telecom operators have incurred an estimated revenue loss of Rs. 820 million, while the government has lost around Rs. 28 million in tax revenue.
The disruption in services emerged on Tuesday as protests erupted after the arrest of former prime minister Imran Khan. The situation has persisted and shows no signs of cooling off.

10/05/2023

🚨The ongoing political instability in Pakistan has had a negative impact on market sentiment, as the Pakistani rupee reached a record low of 290 against the US dollar.

05/05/2023

The cement industry is persistently going through tough times as its sales contracted 16.55% in April 2023, reaching 2.951 million tons as compared to 3.536 million tons in the same month of last year.

According to data released by the All Pakistan Cement Manufacturers Association, the industry sold 2.531 million tons of cement in the domestic market during April 2023 compared to April 2022 sales of 3.380 million tons, showing a decline of 25.13%.

05/05/2023

Major disruptions will occur in the job market over the next five years as more companies adopt artificial intelligence (AI) technologies and the global economy worsens, the World Economic Forum (WEF) said in its latest report.

AI and economic and social conditions are expected to result in 83 million job losses, with only 69 million jobs created by 2027, said the report.

That will result in a net loss of 14 million jobs, which represents 2% of current employment.

The advent of AI will risk many roles directly as robots replace humans in some instances. There could be some 26 million fewer record-keeping and administrative jobs by 2027, said the WEF.

03/05/2023

The Punjab Central Business District Development Authority implemented the “Blue Road” idea in Lahore, in order to reduce air pollution.
A CBD spokeswoman stated that it is being used at the ongoing Kalma Chowk Underpass remodeling project and that blue asphalt will be used in road building.
The idea was initially developed in Qatar with the intention of modernising the city’s fundamental infrastructure and raising the standard of living for its residents. The concept, will not only improve the road’s appearance but also make it heat-absorbing, he added, adding that it will also assist reduce air pollution in the city..

01/05/2023

Happy Labor Day!

Thank you to everyone who works hard to make the world tick. And to those who are working even today, an extra thanks to you!

01/05/2023

01/05/2023

01/05/2023

Happy Labor Day!
Thank you to everyone who works hard to make the world tick. And to those who are working even today, an extra thanks to you!

28/04/2023

Board of Revenue (BoR)in a meeting discuss the implementation of e-registration, commonly known as the Electronic Deed Registration System.The authorities announced that officers’ e-registration training would begin on 28 April in Lahore and continue until 15 May at all divisional headquarters in Punjab. The seminar will be attended by all relevant officers from the districts. It additionally stated that the e-registration and transfer of property deeds will begin in Sahiwal on 1 May.

E-registration will provide various benefits to people as they will be able to apply for property registration from the comfort of their own homes via an e-registration gateway and acquire an online copy of their record.
Overall, the use of e-registration will improve the property registration procedure and offer residents simplicity and comfort.

26/04/2023

According to data issued by the State Bank of Pakistan (SBP) Imports of steel and scrap iron fell by over 50 per cent this fiscal year,
The data also showed that the import of scrap iron and steel fell by 50.6pc to $859.3 million in the first nine months of FY23 against $1,739.5m during the same period last year.
Iron and steel is considered as the base material for the growth of an economy. Pakistan’s economic growth for the current fiscal year is already shattered and could hardly achieve 0.5pc growth.

26/04/2023

Fauji Cement Company Limited (FCCL), one of the biggest cement manufacturers in the country, has announced its financial results.
The company posted a profit after tax (PAT) of Rs. 6.96 billion in 9MFY23, up 30 percent compared to the PAT of Rs. 5.34 billion reported in the same period last year.

22/04/2023

Property Kahani Wishes you and your Loved Ones a Blessed Eid -Ul-Fitr ! 🌙

20/04/2023

Etihad Group has announced the launch of a new block in its Etihad Town Phase 1 project
With its prime location, state-of-the-art facilities, and modern amenities, Etihad Town Phase 1 has set a new benchmark for luxury living in Lahore. The project boasts a range of both residential and commercial options, all designed to cater to the diverse.

A launch event followed by an Iftar dinner for the new block was organized at the project site and was sponsored by the Etihad Group.
Etihad Town