Category: Karachi

Sindh government has, in principle, agreed to regulate the real estate business in Karachi

Sindh government agreed to regulate real estate,Eliminate fake agencies, cheating the public

The Sindh government has, in principle, agreed to regulate the real estate business in Karachi which will help eliminate fake real estate agencies which are cheating the public. This decision was taken during a meeting between a delegation of the All-Karachi Realtors Association, led by its chairman, S.M. Irfan, and Sindh Minister for Local Government […]

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Sindh govt cancels procurement of Green Line buses

Sindh government has decided to cancel “Green Buses” procurement process following the federal government’s decision to run the buses on this route on its own a News Source by Pak Villas. The meeting on public-private partnership (PPP)  was informed that the provincial government had started the process of procurement of buses for Green Line Project, […]

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CM warns of action if 205 uplift schemes not completed by June

CM warns of action if 205 uplift schemes not completed by June

Sindh Chief Minister Syed Murad Ali Shah reviewed the progress of 443 on-going development schemes of public health engineering department (PHED), rural development department (RDD) and education department with an estimated cost of Rs33.6 billion, and remarked that he was not satisfied with the pace of work. He urged the related departments to complete 205 […]

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Securities and Exchange Commission of Pakistan

SECP allows foreign investors higher shareholding in PSX

The Securities and Exchange Commission of Pakistan (SECP), the apex regulator, has given the go-ahead for increasing the shareholding of foreign portfolio investors in the Pakistan Stock Exchange (PSX). Foreign individual and institutional investors may now buy, hold or trade PSX stocks up to a maximum 20% of outstanding shares estimated at around 800 million. […]

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NPHP: Application deadline for 3 districts announced

NPHP: Application deadline for 3 districts announced

The last date for submitting Naya Pakistan Housing Programme (NPHP) applications in Lodhran, Renala Khurd, and Christian have been set at March 31, 2019 – according to a publication. The application forms can be deposited in designated branches of the Bank of Punjab by this deadline. The said publication also shared the details of the […]

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KMC demolishes four illegal marquees

The Karachi Metropolitan Corporation (KMC) has demolished four illegal marquees in Shah Faisal Colony, reported a news source. KMC Anti-encroachment Senior Director Basheer Siddiqui supervised the operation. During the proceedings, KMC’s anti-encroachment squad demolished several other illegally constructed structures in the colony as well. These include food stalls, road-side restaurants, and a number of cabins. […]

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Buyers of expensive properties to be investigated

Buyers of expensive properties to be investigated

The Federal Board of Revenue (FBR) has identified at least 2,000 transactions pertaining to upscale properties in the city – a news source reported. A meeting to this effect took place at the board’s Regional Tax Office (RTO) on Saturday. Officials of the Broadening of Tax Base (BTB) wing briefed FBR Chairman Jahanzeb Khan on […]

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Sindh govt seeks data on water consumed by hotels, industries

Sindh govt seeks data on water consumed by hotels, industries

The Sindh government has sought data pertaining to the utilisation of water by hotels and industrial units in the province – a news source reported. Provincial Chief Secretary Syed Mumtaz Ali Shah expressed his views on the matter. He said that the Supreme Court has already ordered mineral water companies to pay PKR 1 per-litre […]

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