Pakistan News

    Property For Sale In Karachi

  • Plan may allow sale of public property to favourites

    LAHORE: The Punjab government is considering to allow under its control the sale of the local government property with the first right of refusal to its existing users (offering them to purchase)...

    They said the manner in which it was being carried out reflected that the government was going to dole out local government immoveable property...

  • Karachi fetches highest bid in sale of PSL franchises

    LAHORE: The Pakistan Super League (PSL) project received a big boost here on Thursday after the Pakistan Cricket Board (PCB) announced that the franchise rights of all five outfits participating in the high-profile league have been sold out for a whopping US$93m for a 10-year period, with the Karachi franchise fetching the highest bid...

    “The PCB is proud to announce that the PSL’s commercial rights for franchises, title sponsorship...

  • SC bars Bahria Town from sale, purchase of land in Karachi

    The Supreme Court (SC) on Friday barred Bahria Town from the sale and purchase of land in Karachi after declaring the allotment of land to the company, and an exchange of land between the Malir Development Authority and Bahria Town illegal...

    The court also held Bahria Town responsible for encroachment on forest land in Takht Pari area near Islamabad, and separately declared constructions in the Marri area illegal, ordering Bahria...

  • Nisar orders probe into Karachi property fraud

    ISLAMABAD: Interior Minister Chaudhry Nisar Ali Khan directed the Federal Investigation Agency on Monday to investigate, in collaboration with the National Accountability Bureau, a media report that a legitimate owner had been deprived of his property in Saddar area of Karachi thorough forged documents...

    According to the report, two lawyers deprived Irfan Ahmad of his property by preparing forged documents...

  • Karachi property prices soar after crime crackdown

    KARACHI: Abdul Qadeer gave up trying to build a block of flats in Karachi four years ago, when gangsters demanding $20,000 in protection money shot him in the legs because he refused to pay...

    Now he is back, putting the finishing touches to one of several apartment complexes he is constructing, part of a property boom which he attributes to the security crackdown on Islamist militnats and criminals launched in the city in 2013... ...

  • Karachi property prices soar after crackdown

    KARACHI: Abdul Qadeer gave up trying to build a block of flats in Karachi four years ago, when gangsters demanding $20,000 in protection money shot him in the legs because he refused to pay...

    Now he is back, putting the finishing touches to one of several apartment complexes he is constructing, part of a property boom which he attributes to the security crackdown on insurgents and criminals launched in the city in 2013...

  • Karachi tycoons decry ‘unfair’ property valuation

    KARACHI: Industrialists based in Karachi have urged the government to level the playing field by ensuring uniform property valuation rates across the country...

    These leaders — who represented the industry, real estate and the Association of Building and Developers — informed the committee members that in cities like Karachi, Hyderabad and Sukkur the scale was measured in square yards for residential, commercial and industrial...

  • Undamaged property in Karachi malkhana fire dumped in trash

    KARACHI: Thousands of criminal trials, including 3,000 related to terrorism, may suffer serious blows as important evidence that remained ‘undamaged’ in malkhana’s fire on the premises of the City Courts about three months ago have been dumped in the ‘wreckage’, it emerged on Sunday...

    Four days after the incident, special teams of the bomb and forensic experts had entered the burnt portion to remove debris from the spot, the then DIG...

  • F-16 sale in jeopardy

    Infamously, the US not only blocked the transfer of more F-16s to Pakistan, but refused to return the money Pakistan had already paid for them...

    With the American war effort in Afghanistan vastly diminished and the need to rely on Pakistan for supply routes virtually eliminated, Pakistan is learning that it has neither any friends in the US Congress willing to release funds for the sale of eight subsidised F-16s, nor apparently...

  • UK plans 1980s’ style sale of Lloyds shares to Britons

    LONDON: Britain will launch a sale of shares in Lloyds to private retail investors in the next 12 months in what is expected to be the biggest privatisation since Margaret Tha­tcher’s government sold off assets in the 1980s...

    As well as raising money for the state, the 1980s sales aimed to encourage ordinary Britons to invest in companies, an aspiration shared by the current Conservative government...

  • Pakistan raises issue of F-16 sale with visiting US commander

    ISLAMABAD: Pakistan on Monday raised the unresolved issue of F-16 sale to Pakistan and expressed concern with the visiting commander of US Central Command (Centcom) General Joseph Votel...

    Secretary Defence Gen (r) Alam Khattak reiterated Pakistan’s need for the F-16 jets, and impressed upon the visiting Centcom commander the jet’s utility in the war against terror...

  • Beef ban: Sale, slaughter of cows banned in India-held Kashmir

    JAMMU: The high court of Jammu and Kashmir on Thursday directed police to ensure implementation of a ban on the sale of beef in India-held Kashmir, reported Hindustan Times...

    The ruling follows bans on slaughtering the animals and selling their flesh which were recently introduced in several Indian states, a move that critics say discriminates against Muslims and other religious minorities who rely on the cheap meat for protein... ...

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