Islamabad, January 16, 2024 – The Islamabad Collectorate of Customs has declared an auction of confiscated vehicles scheduled to take place on January 18, 2024.
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CDA to Auction F-9 Plots Starting January 10
Islamabad, January 6, 2024 – The Capital Development Authority (CDA) is set to conduct its first auction of plots in F-9 Park, Islamabad, starting from January 10 and continuing through January 12.
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Islamabad High Court Grants Stay on Windfall Tax for Banks
Islamabad, November 30, 2023 – The Islamabad High Court (IHC) has issued a stay order on Wednesday, suspending the implementation of a one-off 40 percent tax recently imposed by the government on bank profits derived from foreign exchange transactions over the past two years.
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Southern Punjab May Receive Thundershower on September 26
The Pakistan Meteorological Department (PMD) has predicted the possibility of thundershower in southern Punjab on Tuesday, September 26, 2023. According to the PMD’s daily weather update, while most parts of the country will experience dry weather, rain, wind, and thundershower are expected in south Punjab and Gilgit-Baltistan during the evening and night.
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ICCI Urges Reevaluation of Power Agreements with IPPs to Curb Tariff Hikes
Islamabad, August 26, 2023 – Ahsan Zafar Bakhtawari, President of the Islamabad Chamber of Commerce and Industry (ICCI), has identified the root cause of the mounting circular debt and escalating power tariffs as the power purchase agreements (PPAs) signed with International Power Producers (IPPs).
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Thundershower Expected in Islamabad and Other Regions on August 11, 2023
Islamabad, August 10, 2023 – The Pakistan Meteorological Department (PMD) has issued a weather forecast indicating the likelihood of thundershower in Islamabad and several other regions of the country on August 11, 2023.
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Pakistan organizes first international housing expo next month
ISLAMABAD: Pakistan is organizing first international housing expo to be held in Islamabad next month.
The housing expo will be jointly organized by the federal ministry of housing and works and Islamabad Chamber of Commerce and Industry from December 08 to 12 this year. Prime Minister Shehbaz Sharif will inaugurate the event as Chief Guest.
A delegation of Islamabad Chamber of Commerce and Industry (ICCI) led by its President Ahsan Zafar Bakhtawari held a meeting with Iftikhar Ali Shallwani, Secretary Ministry of Housing and Works here Monday.
The two sides discuss and agreed to finalize the arrangements for organizing the first International Housing Expo in Convention Centre, Islamabad.
Speaking at the occasion, Iftikhar Ali Shallwani, Secretary, Ministry of Housing and Works said that Prime Minister Shehbaz Sharif is keen to promote affordable housing in Pakistan and he will inaugurate the Expo as Chief Guest.
He said that all the major international and national developers, builders and real estate enterprises would be invited to display their projects in the Expo. He said that the Expo will help in attracting local and foreign investment to Pakistan and revive the economic activities in the country.
He said that the government plans to provide affordable housing to low income people and the Expo will make positive progress towards this goal.
He said that sessions on housing needs (realities, options, action), low cost housing, funding and financing frameworks for housing, regulation for housing sector, rehabilitation, climate resilient housing, public-private partnership and other topics will also be organized on the sidelines of the Expo.
He hoped that the collaboration between the Ministry and the ICCI for the forthcoming IHE-2022 would be helpful in making the Expo a landmark event.
Ahsan Zafar Bakhtawari, President, Islamabad Chamber of Commerce and Industry in his remarks said that the housing and construction sector stimulates the business activities of over 50 allied industries and organizing the Housing Expo will boost business activities in all sectors of the construction industry. It would also generate a lot of employment and improve the economy.0
He said that many investors are interested in construction of high rise buildings in Islamabad and urged the Capital Development Authority (CDA) to amend its building bylaws to encourage vertical constructions, which would offer the best solution to tackling the affordable housing options in the federal capital and across the country.
He urged that FBR to give at least one-year extension to the ongoing construction projects under the amnesty scheme of the previous government for their smooth completion.
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FBR issues new property valuation for Islamabad from August 01, 2022
The Federal Board of Revenue (FBR) has introduced new valuations for immovable properties in Islamabad, effective from August 01, 2022.
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