REAL ESTATE TRENDS

Benami accounts: FBR asks PBA to update KYC/CDD requirements

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Islamabad: The Federal Board of Revenue (FBR) has asked the banks to include a positive statement in all the ‘Know Your Customer/Customer Due Diligence’ (KYC/CDD) prescription about the beneficial owner of bank account, and the amendment should be made part of the KYC/CDD requirements and policies – a news source reported. Read: Banks told to share […]

REAL ESTATE TRENDS

Lahore: A mobile application is reportedly under development to resolve the accommodation issues faced by inbound tourists across Pakistan. As per the developer, this ‘Room’ app will allow these travellers to book rooms in accordance with their budget requirements. Read: KP govt launches first tourism app; more projects in the pipeline Hashoo Group Hospitality Division Chief Operations Officer (COO) Haseeb Gardaizi stated that the organisation would launch the application this year with an aim to facilitate domestic tourists in Pakistan. Gardaizi mentioned that the Pakistan Travel Mart (PTM) was a highly feasible platform for tourism promotion. He added that the PTM was representing a positive image of the country. He also revealed that his group had been holding discussions with travel agents and representatives from the aviation sector. Read: Punjab cabinet approves tourism policy The COO explained that ‘Room’ would allow its users to rent out their homes to tourists and earn a reasonable amount of money in return. He added that any person willing to rent out his/her properties would have to meet certain conditions and ensure the availability of five basic facilities for the tourists.

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Rawalpindi: A subcommittee on high-rise buildings is expected to brief Prime Minister (PM) Imran Khan on vertical constructions near the country’s airport installations, a news source reported. Previously, the body had announced its intention to permit the construction of high-rises within a 15.24-kilometer radius of these facilities. Read: CAA issues guidelines regarding anti-encroachment drive Aviation Minister […]

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Accommodation app for tourists in the works

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Lahore: A mobile application is reportedly under development to resolve the accommodation issues faced by inbound tourists across Pakistan. As per the developer, this ‘Room’ app will allow these travellers to book rooms in accordance with their budget requirements. Read: KP govt launches first tourism app; more projects in the pipeline Hashoo Group Hospitality Division Chief […]

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Railways minister announces ML-1 project finalisation

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Islamabad: Minister for Railways Sheikh Rasheed Ahmed on Wednesday announced the finalisation of the Main Line (ML-1) project between Pakistan and China – expected to be completed at a cost of USD 8.2 billion, according to news sources. He expressed his views on the matter following his meeting with a group of Chinese officials. The […]

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WB allocates PKR 10 mn for SSWMA’s improvement

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Karachi: The World Bank has announced its decision to allocate USD 10 million to the Sindh Solid Waste Management Authority (SSWMA) – with an aim to turn the latter into a world-class organisation, a news source reported. Read: World Bank signs financing agreement for Sindh energy project This initiative was announced during a meeting between Sindh […]

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PM reviews proposals for Blue Area, Bundal Island development

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Islamabad: During a meeting held on Monday, Prime Minster (PM) Imran Khan reviewed the proposals for the development of Islamabad’s New Blue Area and Bundal Island, Karachi – a news source reported. Read: Implementation of building by-laws: CDA to inspect housing schemes Minister for Maritime Affairs Syed Ali Haider Zaidi, Board of Investment (BOI) Chairman Zubair […]

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Capital

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کیپٹل ڈویلپمنٹ اتھارٹی (سی ڈی اے) نے اسلام آباد میں سرکاری رہائشی منصوبے پر کام پر مہر لگاتے ہی ہزاروں سرکاری ملازمین اور عام افراد اپنی جان کی بچت کھونے کی راہ پر گامزن ہیں۔ رہائشی اپارٹمنٹس کے منصوبے کو وزارت ہاؤسنگ کے ایک شعبہ پاکستان ہاؤسنگ اتھارٹی فاؤنڈیشن (پی ایچ اے ایف) کے تحت […]