Real Estate

The skyline of Mirpur, in Pakistani-controlled Kashmir, once boasted nothing more than two-storey brick houses and mud huts. All that has changed since British Pakistanis returned to invest money earned in the UK in their ancestral town. Now soaring doric columns jostle with gilded porticos at the entrances of huge houses. A construction boom fuelled [...]

Pakistan’s efforts to recover from the worst natural disaster in its 69-year history is expected to eventually boost its slowing economy and support its currency and stocks. Pakistan’s economic infrastructure of ports, airports, dams, factories, telecommunications, financial system, power plants and refineries has largely been spared, Financial markets were quick to recover from an initial [...]

Haji Muhammad Rafiq, Chairman Giga Group of Companies, is a respected businessman in Pakistan, the Middle East and Africa. His strong belief in growing his business in untapped and challenging markets, made him decide to set up business in Dubai as well Africa. Recently, the Giga group’s newly established entity, Mazyood Giga International FZE, launched [...]

Leading group from Pakistan launches new development in Dubai and Pakistan in partnership with reputed German firm Memon Group of Companies, one of the largest groups in Pakistan…. Champions Tower, a 13-storey structure, will be strategically situated within the prestigious enclaves of the Dubai Sports City. Rising on a 31,484 sq. ft. of land area, [...]

Spadework has started to bring up a new city, to be named as ‘New Dubai’ along the Northern Bypass, to make one of the world’s most modern cities. This city will be separate from Karachi and the North (Balochistan) – it will have four towns – China Town, Maktoum Town, Mahatir Town and Faisal Town [...]

The construction work on the ‘Floating Kitchen’ project, which will also be called ‘Majestic Ship’, is in full swing on the shore of Sea View in Defence Housing Authority. It is officially learnt that the ‘Floating Kitchen’ is envisaged to be the world’s first stationary ship that will look like a cruise ship on which [...]

LOCAL group Maxcorp Development Sdn Bhd is leading a consortium of Malaysian companies to design, build and manage the RM3.2 billion Bahria Golf City at Murree Expressway in Islamabad, Pakistan. Backed by strong house purchasing power in Pakistan, project returns are expected to be between US$10 billion and US$12 billion (US1 = RM3.80). The project [...]

The Water and Power Development Authority’s “Vision 2025″ programme is aimed at developing 65 million acre feet (MAF) of additional water storage capacity in the Indus Basin and adding 27,000 megawatts (MW) of hydro and thermal electricity-generation capacity to the national grid to meet the country’s growing water and power needs. At current prices, the [...]

A billion-dollar housing project, one of the largest in the country, is expected to take-off in a fortnight’s time at Raiwind Road Lahore with country’s half a dozen renowned industrial groups featuring as key investors. The project, planned over thousands of kanals of land, has been dubbed a major breakthrough in Pakistan’s housing sector because [...]

The global hotel chain, Le Meridien Hotels & Resorts is set to tap the Pakistan tourism market. The group will be managing the operations of Midway House, the oldest hotel in Karachi owned by the Department of Civil Aviation, Pakistan. Targeting primarily the corporates, Le Meridien Karachi, will open its doors in September 2005. What’s [...]