Market updates and announcements from Milkiyat.
Punjab proposes a Rs4.23 billion apartment project for government officers on Burki Road, Lahore, with 24 units and a convention hall planned.
Diesel rises to Rs424.92 per litre in Pakistan, increasing transport, machinery and construction costs while adding pressure on property development.
CDA will auction five prime Islamabad hotel plots on September 26, offering payment rebates and special incentives for local and overseas investors.
Pakistan renews austerity and fuel conservation measures as rising global oil prices increase pressure on transport, construction and property costs.
RDA inflows have increased to nearly $300 million, with Finance Minister Muhammad Aurangzeb linking part of the rise to strategic fund relocation amid regional conflict.
A rise in US Federal Reserve interest rates can have wider implications for Pakistan’s economy, influencing capital flows, the rupee, borrowing costs and external financing conditions.
The Capital Development Authority (CDA) has cancelled Bahria Town’s 2,999-kanal layout plan in Islamabad, affecting the approved development framework for the project.
CDA has confirmed that a fresh No Demand Certificate remains mandatory for every property transfer in Islamabad to verify the latest legal and financial status.
CDA has tightened access to its One Window Centre in Islamabad to curb middlemen and unauthorised involvement in property transfer procedures.
Pakistan plans to seek an expansion of its China currency swap line while awaiting Washington’s response on a proposed $10 billion exchange stabilisation facility.
RDA has issued notices to Taj Residencia and Saffron City over alleged layout plan violations, with buyers advised to verify approval status before investing.
Naya Nazimabad Apartment REIT has begun trading on the Pakistan Stock Exchange at Rs23 per unit after strong demand during its book-building process.
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