Development projects

MODEL ECONOMIC ZONE TO BE SET UP UNDER CPEC

MODEL ECONOMIC ZONE TO BE SET UP UNDER CPEC: Minister A model economic zone will be set up under the second phase of China-Pakistan Economic Corridor (CPEC) to captivate the interest of overseas Pakistani and Chinese investors’. LAHORE: A model economic zone will be established under the China-Pakistan Economic Corridor (CPEC) to maintain the interests of overseas Chinese and Pakistani investors, while...

BANK ALLOWED THIRD PARTY GUARANTEE FOR HOUSE FINANCING

SBP allows housing loan on personal guarantee KARACHI: In order to make it easier for banks to extend the financing of low-cost housing, the State Bank of Pakistan (SBP) has allowed banks to accept a personal guarantee from a third party to finance low-cost housing to cover the risks of the mortgage. The news reported on Tuesday, February, 16, 2021     Currently, applicants face...

Digital Pakistan – PTCL successfully conducts 5G trial

On February 11,2021, the PTCL group successfully tested its 5G network in a controlled environment at its headquarters in Islamabad in a limited environment on a non-commercial basis to achieve download speeds of up to 1,685 gigabytes per second (GBPS). Speaking on the occasion, Syed Aminul Haque said: “I am delighted to be present at this crucial event as the PTCL Group takes an important step to...

Jogging and cycling tracks

CDA PLANS CYCLING AND JOGGING TRACKS IN D-12

CDA has prepared a project for development of five parks along with jogging and cycling tracks in Sector D-12. They are doing this project as part of the campaign to develop, restore and beautify public parks in the capital city. According to a statement issued by CDA, they will start the work on the parks, jogging and cycling tracks soon. In addition, they will do this work in coordination with other...

Margalla road construction

CDA TO RESUME CONSTRUCTION ON MARGALLA ROAD

After a break of seven long years, Capital Development Authority (CDA) has finally resolved a dispute with a previous contractor to pave the way towards restarting the  project of construction of a road from G.T. Road to D-12. MARGALLA ROAD CDA started this project, worth PKR 588 million in 2012. It includes construction of an 8.5km portion of Margalla Road. Authorities had to complete this project...

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