NEWS : Extension in construction package sought

The real estate and construction sector has the potential to uplift the economy and put Pakistan on the path of sustainable economic growth, said Islamabad Chamber of Commerce and Industry (ICCI) President Sardar Yasir Ilyas Khan.

Speaking at the inauguration ceremony of Asasa Real Estate and Builders, he urged the government to extend the prime minister’s construction package for another year that would help attract maximum investment to Pakistan and bring revolution to the construction industry.

Khan said housing demand was on the rise in Pakistan due to rapidly increasing population and the country needed to build around 12 million houses per year to bridge the huge gap. He added that an extension in the construction package for one more year would facilitate the construction of more houses across the country, especially for the low-income segments of society.

“Over 70 allied industries are associated with the construction sector and a boom in construction activities will give a boost to the business of allied industries besides creating plenty of new jobs,” he highlighted.

The ICCI chief stated that the real estate and construction sector played a key role in economic development of a country and the government should provide more incentives to the sector for achieving better economic growth and employment generation.

He stressed that the government should make more policies conducive for economic empowerment of women so that they could play an effective role in economic development.

Comments

NEWS: 28 buildings sealed for illegal commercial use

LAHORE : Lahore Development Authority (LDA) carried out a grand operation against illegal commercialisation and sealed 28 properties in various localities here on Saturday. Officials said the operation was carried out on the direction by Lahore Development Authority Director General Ahmed Aziz Tarar. They said the staff of Town Planning Zone 1 conducted a grand operation against illegal commercial use of residential buildings in different areas of the city and sealed a total of 28 properties at various locations. These included 10 properties in New Muslim Town and nine each in Shadman and Shah Jamal areas. Meanwhile, Lahore Development Authority announced a pre-bid conference of contractors, interested in construction of 4,000 apartments under Lahore Development Authority City Naya Pakistan Apartments scheme. The conference will be held on Monday at the committee room of Engineering Wing, LDA office Johar Town. Tenders for this project will be opened on February 10, 13, 17 and 20. Laho...

NEWS: LDA opens tenders of 4,000 apartments amid allegations

LAHORE:Amid the allegations of irregularities levelled by contractors, Lahore Development Authority (LDA) opened the tenders of first phase of 4000 apartments to be constructed in LDA City New Pakistan Apartments project. The tenders for Package One for the construction of 4,000 apartments were opened here on Wednesday, said LDA officials in a statement. They said two tenders were opened for construction of 15 blocks in Package One. There will be 32 apartments in each block. Thus, tenders were opened for construction of 960 apartments under Single Stage Two Envelope process. On the other hand, Constructors Association of Pakistan (CAP) sent a legal notice to Chief Engineer LDA raising questions about the announced tendering process. The title of the legal notice was irregularities in tendering process. In the legal notice, CAP said that it has found several irregularities in the announced tendering process. They claimed that while tendering works, the rule of Single Stage Envelop...

NEWS : LDA approves construction of 4,000 apartments

LAHORE: The governing body of Lahore Development Authority (LDA) on Thursday approved the construction of 4,000 residential units at a cost of about Rs10 billion in the first phase of LDA City Naya Pakistan Apartments project. “All citizens who will be provided mortgage financing facility by Naya Pakistan Housing Authority and commercial banks will now be eligible to purchase these apartments,” a statement issued by the authority read. The 7th meeting of the LDA governing body was presided over by Vice Chairman SM Imran. The meeting was informed that LDA has planned to construct these apartments on 563 kanals of land in Mouza Halloki within a year’s time. As many as 125 blocks of ground-plus-three-storey apartments, each comprising 32 residential units, will be built in the first phase. Mosques and other amenities will also be provided in the area. The meeting decided to construct infrastructure including roads, water supply and sewerage system, sidewalks, water treatment ...

Search This Blog