Pakistan News

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  • 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

    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...

    Mohsin Sheikhani, chairman of the Association of Builders and Developers (ABAD), said builders usually charge Rs2,000 per square foot from consumers, in which grey structure cost comes to Rs800-1,000 while the rest is finishing cost including aluminium fitting, paint, doors, sanitary, tiles,...

  • 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...
  • Builders assured of steps to lift ban on gas connections

    KARACHI: MNA Hamza Shahbaz Sharif, central leader of Pakistan Muslim League (Nawaz), assured builders and developers on Monday that the issue of ban on gas connections for housing schemes and high-rise buildings would be taken up in National Assembly...

    He expressed these views during his meeting with Asso­ciation of Builders and Developers (ABAD), Chairman M Hanif Gohar, and Senior Vice Chairman Moham­mad Arif Jeewa...

  • Fixed tax for builders and developers to generate Rs25bn

    KARACHI: The Federal Board of Revenue (FBR) and the Association of Builders and Developers of Pakistan (ABAD) on Monday agreed on a new simplified and fixed taxation system for builders and land developers that would help generate an additional revenue of Rs25 billion...

    Under the agreement, there will be three categories of builders and developers for taxation: Category A for Karachi, Lahore and Islamabad; Category B for Hyderabad,...

  • Sahiwal coal-fired power plant: Builders expect power generation before deadline

    LAHORE: Chinese companies building the 1,320MW Sahiwal coal-fired power plant, the first-ever such a project in Pakistan, expect power generation next year which will be the ‘cheapest’ in terms of tariff and environment friendly...

    Though the consortium of two Chinese companies which started work on June 9, 2015, is raising basic infrastructure at over a thousand acre land reserved for the plant with an official target of completing it...
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