General

Finance Minister Miftah Ismail announced the decision in an unexpected press conference after Prime Minister Shehbaz Sharif approved it at a party meeting. You may be thinking who is in charge of regulating the oil and gas business in Pakistan and recommending petroleum product pricing. Read on to know the answer. Petroleum and Its Products: An Overview Petroleum is a naturally occurring liquid under...

Real estate has historically produced average returns of 8%, with potential returns of 15% or more. Despite rental growth, the rental yield in Pakistan is roughly 7 to 9 percent, which is lower than other investment possibilities. However, on the other hand, real estate may offer consistent monthly revenue that a gold investment cannot. Real estate may be an appealing long-term investment choice since the...

'A good house is built, not purchased,' they say. To live a nice life full of luxury, however, one requires a home full of conveniences. Almost every home has amenities, but not every housing society has the greatest of them. Now, facilities vary according to geography, people, and other factors. However, if you know what essential and must-have amenities a housing society should offer, selecting an...

Lahore is a metropolitan metropolis, thus anything approximating nature is a welcome sight for the city's residents. Furthermore, during the COVID-19 pandemic and lockdown periods, people can't get enough of open spaces and nature where they can enjoy themselves without having to worry about social distance or getting into touch with odd individuals. Now the restrictions are no longer in place, we decided...

Digital Power of Attorney A day after the joint sitting of the Parliament passed 33 laws, including "the Elections Second Amendment Bill, 2021," providing voting rights to overseas Pakistanis, the government launched a digital portal to assist expats with attestation of power of attorney. Prime Minister Imran Khan's launch of a platform for automating power of attorney is yet another innovative step for...

Happy Independence Day 2021 August instills a sense of patriotism in people. Our country, Pakistan, gained independence on August 14, 1947, and this day is commemorated as Independence Day. Celebrations are in full flow as a wave of patriotism sweeps the nation. The flag-raising ceremony takes precedence, followed by cultural programs at schools and other gatherings. The national flag is flown at the...

The Punjab government has announced a splendid package for the economic prosperity and growth of the construction industry, as per Prime Minister Imran Khan's vision under the leadership of Chief Minister Sardar Usman Buzdar. He said that for receiving permits relevant to building industries, one window system has been enforced. He presided over a meeting of the Lahore Development Authority's governing...

The premier chaired a high-level meeting in Islamabad on 26th November 2020 for the Karachi Transformation Plan. The meeting explained us that under the Karachi Transformation Program, more than 100 projects have been planned that will be completed at a cost of 1.117 trillion rupees. In terms of execution, these projects have been broken into three phases. The Prime Minister said that both the federal and...

The Punjab Industrial Estate Development Management Company (PIEDMC) recently confirmed the availability of commercial properties on a first-come and first-serve basis in the Multan Industrial Estate, through a notification in a regular newspaper. Overview Of Industrial Estate Multan Multan Industrial Estate is a small residential community situated in central Pakistan's Multan City neighborhood. With...

As per the SBP regulations, in a bid to encourage construction and development investment in the region, Samba Bank announced a 'Naya Pakistan Housing and Construction Finance' scheme. Let’s see what are main highlights, requirements, and criteria for the scheme. Eligibility Criteria For Developers And Builders Builder/Developer must have experience of at least 3 years and a strong track...