Pakistan Property News – Pakistan Property | Pakistan Real Estate | Islamabad Property | Karachi Property | Lahore Property | Buy Sell Rent – PakistanHousing.pk

KARACHI: As the reports of bankruptcy and privatisation of the House Building and Finance Corporation (HBFC) in the National Assembly are making rounds, the country’s only institution for providing loans to low-income people for house building, the construction industry fears severe downslide in the industry. Read the rest of this entry »

KARACHI : Atlas Bank and Silkbank have failed to raise their capital to the minimum of Rs5 billion despite a special seven-month extension allowed by the central bank in its mandatory regulations. Read the rest of this entry »

KARACHI: Askari Leasing on Tuesday expressed its intentions to merge with sister concern Askari Bank, which in turn wants to amalgamate with Mybank, in what experts say is a survival bid by smaller banks to consolidate their businesses.

Read the rest of this entry »

BEIGING: Pakistan signed here on Friday a memorandum of understanding (MoU) with EXIM Bank of China for $700 million to generate electricity through 12 small and medium-sized dams and water reservoirs. Read the rest of this entry »

The federal government on Saturday allocated Rs700 million for the fiscal year 2009-2010 to the Capital Development Authority (CDA) for three major road construction projects to be initiated this year. Read the rest of this entry »

The budget for the next financial year must stimulate growth, repair the broken economy, mitigate the pain being felt by the poor and revive public trust in the government’s capability to ferry the country through the present tough times. Read the rest of this entry »

Dubai: All mass transit projects, including additional metro lines announced by the Dubai Roads and Transport Authority (RTA), will be implemented after studying the needs of the respective areas, a senior official said. Read the rest of this entry »

Abu Dhabi: Al Jaber Engineering and Contracting (Alec) has been awarded a Dh4.3-billion contract to build Concourse 3 of Dubai International Airport, Fatima Obaid Al Jaber, the chief operating officer of Al Jaber Group that wholly owns the firm, said yesterday. Read the rest of this entry »

Warid Telecom of Abu Dhabi Group has launched a massive retrenchment drive in Pakistan as the companys Public Relationing (PR) Section has been totally abolished while dozens of employees from marketing section and other departments have also been shown the door. Read the rest of this entry »

KARACHI: Agricultural sector of Pakistan is poised to post good growth in fiscal 2008-09 as a result of record rice and wheat harvests, the State Bank of Pakistan (SBP) said on Saturday. Read the rest of this entry »

Shanghai: The UAE awarded on Friday China State Construction Engineering Corporation (CSCEC) the contract to build its national pavilion – The Dunes – at the Shanghai 2010 World Expo. Read the rest of this entry »

Dubai: UAE billionaires Abdul Aziz Al Ghurair, Shaikh Mansour Bin Zayed Al Nahyan, Majid Al Futtaim, Saif Al Ghurair, Abdullah Al Futtaim and Khalaf Al Habtoor have found prominent mention on a list of 34 richest Arabs published by Forbes Arabia. Read the rest of this entry »

Dubai: The Dubai Department of Finance said it has appointed Rothschild to advise on the establishment of a financial support fund for which $10 billion of five-year bonds have already been issued. Read the rest of this entry »

British companies will invest in power sector of Pakistan to overcome the energy crisis in the country, said Rawalpindi Chamber of Commerce and Industry (RCCI) President Syed Asad Mashadi. Read the rest of this entry »

60% of the world’s citizens have access to mobile phones – that’s 4.1 billion cellular subscribers. This is according to a recently released UN report. Pakistan is mentioned as one of the fastest growing country for telecommunications. Read the rest of this entry »

We were waiting for official launch of Telenor Blackberry, and here it comes a Press Release from western media that indicates that gameplay has begun. Let’s read the rest of PR below Read the rest of this entry »

DUBAI (March 29 2009): Pakistani businessmen have invested about Rs 190 billion or more than 8.7 billion dirhams in the real estate sector of United Arab Emirates (UAE). This was stated by President of Pak-UAE Business Council, Dubai, Iskandar Sultan while welcoming the visiting delegation of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) at a dinner here on Friday. Read the rest of this entry »

UAE foreign trade posted a surge of 33 per cent in 2007 to Dh 552.9 billion from Dh 415.9 billion, representing 75.8 per cent of the Gross Domestic Product (GDP) of Dh 729.7 billion and 118.2 per cent excluding oil sector (Dh 467.9 billion), Sheikha Lubna said. Read the rest of this entry »

What is METRO Cash & Carry?

METRO Cash & Carry – this name stands for one of the great success stories in modern commerce. The unique wholesale business-to-business model of METRO Cash & Carry is focused only towards professional customers such as hotels, restaurant, caterers as well as small and mid-sized retailers. Read the rest of this entry »

KARACHI: Industrialists, businessmen and transporters have urged two mainstream political parties to shun their differences and said growing political instability in the country is tantamount to sabotaging business activity. Read the rest of this entry »

Emirates Industrial Bank, specialized financial institution based in the UAE, will be merged with the Real Estate Bank, the government-owned entity specialized in facilitating real estate credit for establishments and government organizations in the UAE, creating a new bank – Emirates Development Bank – with Dh10 billion in capital. Read the rest of this entry »

QE2 is currently berthed at Port Rashid since her arrival in Dubai on November 26, 2008. Nakheel, Dubai-based master real estate developer, has confirmed that there have been no plans to move QE2 in the short-term from Port Rashid until refurbishment work commences. Nakheel has implemented a maintenance and repair program at Port Rashid. Read the rest of this entry »

KARACHI (March 05 2009): The dwindling number of foreign investors left in Pakistan must wonder whether it’s worth it after militants targeted the Sri Lankan cricket team in Lahore. "No legal return on capital is compelling enough to risk your life," said Asad Iqbal, director of the Karachi Stock Exchange. Read the rest of this entry »

Pakistan has sought assistance from Friends of Pakistan (FoP) for 54 mega development projects, including 8.4 billion-dollar Diamer Bhasha dam, and Neelum Jhelum hydropower project. According to the sources here on Thursday, a formal announcement for assistance may come in the next ministerial meeting of the FoP that the Japanese government has offered to host. Read the rest of this entry »

Federal Minister for Population Welfare, Dr Firdous Ashiq Awan, has said that foreign investors are coming in Pakistan for investment because of a conducive atmosphere in Pakistan. Read the rest of this entry »