UAE to invest in Pakistan

LAHORE: UAE investors plan on investing in different sectors of Pakistan, including cement and steel, according to Faisal Mohammad Abdul Karim Al Zarooni, the chairman of the Zarooni Group of Companies, while interacting with members of the Lahore Chamber of Commerce and Industry.

“There is no doubt that UAE and Pakistan enjoy excellent relations between them, with ties of religion, history and culture,” said Zarooni. “There is deep cooperation between the two countries in all fields, especially economic and trade sectors.”

He further added that UAE is the second-largest investor in various sectors of Pakistan, including banking and real estate, energy, infrastructure, telecommunications, ports, housing and aviation. Furthermore, raw material imports are cheaper from Pakistan than China, therefore the UAE investors give preference to Pakistan. Continue reading

Action against PIA Colony illegal plots sale

Lahore—The Lahore Development Authority has initiated action against the sponsor and management of PIA Employees Co-operative Housing Society Ph-I for illegally selling out two plots, owned by LDA, worth millions.The Directorate of Estate Management LDA has submitted an application in the concerned Police Station to register an FIR against the President of the PIA Society.

According to the LDA sources,a school site in Block-E measuring 3 Kanal is owned by LDA through registered mortgaged/transfer deed but the same has been illegally sold out by the society where American Public School is presently functioning. Furthermore, the site reserved for hospital in Block-C measuring 7.15 Kanal has also been illegally sold out to an NGO (Unique Health Care Society) whereas this site has been transferred to LDA through registered mortgaged/transfer deed.—APP Continue reading

Roads dug up for Metro Bus Service

LAHORE: Digging and closure of roads due to construction work for the Metro Bus Service (MBS) has become a source of trouble and nuisance for citizens as the government has failed to provide an alternate traffic plan.

Most of the busy roads have been dug up due to the construction of this bus project, which is to be built from Gajju Matta to Shahdara. The work is causing problems for motorists, commuters and pedestrians in the congested areas of the city.

On the other hand, despite its claims the city government has not succeeded in completely removing encroachments along roads, which is resulting in a traffic mess.

The most affected areas include Ichhra, Shama, Lytton Road, Chauburji, Jain Mandir, Islampura, Rajgarh, Mozang, Bhaati, Data Darbar and Ravi Road. Frequent traffic jams are witnessed in these areas and during office and school time it is difficult to reach even the nearest destination. Monsoon rains, poor drainage and sewerage system are adding to people’s woes.

Citizens complained that due to this single project, traffic across the city has been disturbed.

A motorist, Malik Israr, said that it took more than an hour to reach even the nearest destination. “It is very difficult for motorists and pedestrians to move on these roads during rains,” he added. Due to heavy rains in the city, the dug up roads have become little ponds of water, providing breeding places to dengue mosquitoes.

“The Punjab government’s campaign against dengue will not yield results unless this problem is solved,” said a citizen.

Lahore DCO Noorul Amin Mengal has said that the government is doing its best to help citizens and has made arrangements for ensuring alternate routes where development projects are ongoing. However, he said, for any development work in an area, people had to suffer and face inconvenience. Continue reading

12 commercial plots auctioned

Staff Report

ISLAMABAD: The Capital Development Authority (CDA) on Tuesday completed the grand auction held at a local hotel where 12 commercial plots of various categories were offered for open auction.

Out of these, the plots tagged as No 4 and No 13 are located at different Marakiz. The No 3 plots are located in Class III shopping centres; one plot is located in a wholesale market; and one at I&T Centre. The No 3 (Orchid) plots were also offered for auction.

Five commercial plots – No 2 at F11 Markaz; one at G9 Markaz and two plots of Class III shopping centre (F10/2) were auctioned. The highest bid (Rs 306,000 per square yard) was fetched by plot no 48 B in G9 Markaz, while the lowest bid (Rs 245,000 per square yard) was received by plot no 10, Class III shopping centre, F10/2. Continue reading

CDA alters Park Enclave layout to earn more

ISLAMABADThe city managers continue to add to the miseries of those who invested their hard-earned money in Capital Development Authority housing scheme, Park Enclave, despite sinking credibility of CDA.

In an effort to earn more money at the cost of promised facilities at the site, the city managers have silently altered the original layout plan of its “dream” housing society by introducing drastic changes to original one, documents available with TheNation revealed.

Besides carving out some 53 new plots each measuring 1,000 square yards at prime locations after moving several plots measuring 500 square yards outside the original layout and across the 60-feet wide seasonal nullah, the authority has also reduced the green area up to 28 per cent of the total area of the Park Enclave.

In original layout plan 60 per cent of the total area of the Park Enclave was reserved for natural landscaping and allied facilities but in revised layout plan it has been reduced to 28 per cent. “Park Enclave is the only environmental friendly model housing scheme in the heart of the Islamabad-the Green City – where 60 per cent of the area is meant for natural landscaping and allied facilities,” former Chairman CDA Imtiaz Inayat Elahi was quoted as saying in a news statement released on July 27, 2011 by the public relations directorate of the Authority.

But now the situation is otherwise, as there are more plots but less area meant for landscaping. The original layout plan that was widely publicised in print and electronic media to lure investors/overseas Pakistanis to invest their money was perfect and enough to justify Rs12 million investment against 500 square yards plots.

As per original layout plan, available with The Nation, all the plots were of uniformed size, that is 500 square yards, with no plots along the seasonal nullah and depression areas fall within the site of proposed housing scheme.

The same layout plan also suggest 60 percent green area meant for landscaping and other allied facilities while housing units on 40 percent of the total area of Park Enclave.

But now after the allottees have submitted down payments and two instalments of their respective plots it is dawned upon them that layout plan is not the same that was showed to them at the time of launch of this housing society. Continue reading