Pakistan News

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  • Ex-Abad chief detained for 90 days, Rangers tell ATC

    KARACHI: Rangers on Tuesday informed an antiterrorism court about the preventive detention of a former chief of the Association of Builders and Developers (Abad) for 90 days for questioning...

    Rangers soldiers along with their counsel produced the ex-Abad chairman, Babar Mirza Chughtai, and submitted a detention order and jail warrant in the chamber of Judge Bashir Ahmed Khoso of the ATC-I...

  • Rangers set free KDA director, ex-Abad chief

    KARACHI: The director of the defunct Karachi Development Authority (KDA) and the former chief of the Association of Builders and Developers (Abad) were released on Tuesday by Rangers as no proof was found about their involvement in alleged criminal activities ranging from land grabbing to financing of targeted killers during an initial investigation, it emerged on Tuesday...

    Last week the Rangers had informed an antiterrorism court...

  • Punjab governor asks ABAD to plan low-cost housing

    KARACHI: The government of Punjab has expressed his intention to work with the Association of Builders and Developers (ABAD) for constructing affordable houses for the middle and lower class of the province...

    During a meeting with the association on Monday, Governor Punjab Malik Muhammad Rafique Rajwana asked builders to send presentations regarding affordable houses which would also be sent to Prime Minister Nawaz Sharif...

  • Rs1bn Abad seed fund for low-cost housing

    KARACHI: The Association of Builders and Developers of Pakistan (Abad) has created a seed fund of Rs1 billion for construction of affordable low-cost housing throughout Pakistan...

    The move aims to overcome shortage of quality housing in the country, said Chairman Abad Arif Jeewa at the website launch for Affordable Housing Advisory Centre for Affordable Settlements and Housing at Abad House here on Saturday...

  • Karachiites suffer hours-long traffic jam as ABAD stages sit-in on Sharea Faisal

    Karachiites suffered hours-long agonising traffic jam on Thursday as the Association of Builders and Developers (ABAD) staged a sit-in on Sharea Faisal outside the office of Karachi Water and Sewerage Board (KWSB) to protest against the alleged non-issuance of NOCs (no-objection certificate) by the board for the construction of multi-storey buildings in the metropolis...

    The ABAD officials complained that the Supreme Court has given...

  • Irregular payment of Rs4bn made to new airport runway builders

    ISLAMABAD: An audit into the accounts of Civil Aviation Authority (CAA) has found an irregular payment of Rs4 billion to the companies that constructed the runway of New Benazir Bhutto International Airport...

    According to the audit report of the CAA for the year 2013-14 presented to the Public Accounts Committee (PAC), the joint venture of M/s Lagan and M/s Technical Associates Pakistan were paid Rs4
  • Builders protest ‘high’ prices of steel, cement

    KARACHI: Builders are agitating against high prices of steel, cement and ceramics, and have asked the government to protect interests of the general public instead of the industry...

    In a statement issued on Thursday, Association of Builders and Deve­lopers (ABAD) Chairman Mohsin Sheikhani said manufacturers were seeking a permanent anti-dumping duty on the import of steel meant for construction...

  • Builders want steps to make cement cheaper

    KARACHI: Builders welcomed the steps taken in the budget 2015-16 to promote the construction sector, though they were critical that no steps have been taken to bring down cement price...

    Salim Kassim Patel, convenor of Association of Builders and Developers’ (ABAD) budget subcommittee, said: “The budget looks positive as a whole...

  • Portuguese builders keen to invest in Pakistan

    KARACHI: Ambassador of Portugal to Pakistan, Joao Paulo Sabido Costa said on Tuesday that Portuguese builders and developers are keen to invest in Pakistan’s construction sector...

    Addressing the members of Association of Builders and Developers (ABAD), the ambassador said Pakistani builders could take advantage of modern construction technologies used by Portugal...

  • Builders say 10pc budget proposals accepted

    KARACHI: Builders and developers said that for the first time the government had recognised the importance of construction industry and that 10 per cent of their proposals had been accepted in the latest budget...

    Addressing a press conference on Thursday, Association of Builders and Developers (ABAD) Chairman Junaid Ashraf Taloo said, “If all our proposals had been accepted, the housing cost would drop by 15 per cent and government’s...

  • Builders ignore Sepa notice for hearing

    HYDERABAD: None of the 30 builders who were issued notices for their personal appearance before the Sindh Environment Protection Agency (Sepa) director general turned up on Tuesday for the hearing of their respective projects in Hyderabad and its outskirts...

    The builders were required to satisfy Sepa that their projects would not contribute to environmental degradation keeping in view of fast-changing land pattern being observed due...

  • Builders wary as cement prices continue rise

    KARACHI: Cement prices have gone up by nearly Rs50 on a bag since July last year after manufacturers passed on the impact of additional taxes and duties announced in the last two budgets...

    A rise of Rs50 on a cement bag means you will be paying Rs40 more for a square foot when you have your house built, according to builders...

  • Builders dismayed, auto industry nonchalant

    KARACHI: Builders and developers said on Friday the federal budget will not help the masses get affordable housing...

    According to Association of Builders and Developers (ABAD) Senior Vice Chairman Mohammad Hassan Bakhshi, a rise in the federal excise duty (FED) on cement from Re1 per kilogram to Rs1...

  • Builders slam SECP bill on construction sector

    KARACHI: The Securi­ties and Exchange Commis­sion of Pakistan (SECP) has drafted the Companies Bill 2016 which aims to regulate construction sector, but the proposed law would destroy the industry, Senior Vice Chair­man of Association of Buil­ders and Developers of Pak­istan (ABAD) Arif Yousuf Jeewa said on Tuesday...

    Addressing a press conference at ABAD House, he claimed that under the law a builder would have no say for the...

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