Punjab will be made a ‘Silicon Valley’: Shahbaz

English: Nawaz Sharif meets envoy

English: Nawaz Sharif meets envoy (Photo credit: Wikipedia)

* International firm vows to increase cooperation with Punjab govt in IT sector

* CM reviews progress on Ashiana housing project 

LAHORE: Punjab Chief Minister Shahbaz Sharif has said that the development in the IT sector is the need of the hour and the Punjab government has launched revolutionary programmes for the promotion of information technology and the province would be made a “Silicon Valley”, a reference to the hi-tech industries hub in the US.

The chief minister said this while talking to the world-renowned IT company Teradata Corporation’s Chief Technical Officer Stephen Brobst on Saturday. Punjab Information Technology Board Chairman Dr Umar Saif and other IT experts were also present in the meeting. The chief minister said that the Punjab government is providing facilities and incentives to international IT companies for investment in the province, and due to this reason renowned international companies are making huge investment in Punjab. Citing the steps taken by the provincial government, he said that Punjab government has established IT labs in 4,300 high schools at a cost of Rs 5 billion, while modern education is being imparted to both girls and boys in Danish Schools through Smart BoardContinue reading

Aashiyana Housing Schemes: work begins in many cities, says Shahbaz

Punjab Chief Minister Muhammad Shahbaz Sharif has said that the Aashiyana Housing Schemes have been launched for low-income families and the dream of labourers, farmers, destitute, orphans and widows has been materialised through these schemes. He said that better facilities than residential colonies of ministers and officers are being provided in the Aashiyana housing schemes as the neglected segments of society have also full right on government resources.

He said that besides Lahore, work has also been started on Aashiyana project in Faisalabad, Sahiwal, Chiniot, Kasur and Bahawalpur. He was presiding over a high-level meeting held to review the progress on the Aashiyana Housing Project, here on Saturday. Senator Ishaq Dar, Vice Chairman Punjab Land Development Company Sheikh Allauddin, MPA Mian Naseer, Chairman Planning and Development, Secretary Finance, Commissioner Lahore Division, Member Board of Revenue, District Co-ordination Officer Lahore, Chief Executive Officer PLDC and other concerned officers attended the meeting.
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CM orders stepping up work on Ashiyana

LAHORE – While directing the concerned authorities to further accelerate the pace of work in Aashiyana housing schemes, Chief Minister Muhammad Shahbaz Sharif on Saturday set up a committee headed by Justice (retd) Aamir Raza to monitor the process of auctioning of commercial plots in these schemes.

The CM said that the Aashiyana Housing Schemes had been launched for low-income families who will get better facilities than residential colonies of ministers and officers in that schemes. The neglected segments of the society also have full right on government resources, he said adding, besides Lahore, work had also been started on Aashiyana project in Faisalabad, Sahiwal, Chiniot, Kasur and Bahawalpur.

He was presiding over a held to review the progress on Aashiyana Housing Project. Senator Ishaq Dar, Vice Chairman Punjab Land Development Company Sheikh Allaud Din, MPA Mian Naseer, Chairman Planning & Development, Secretary Finance, Commissioner Lahore Division, Member Board of Revenue, District Coordination Officer Lahore, Chief Executive Officer PLDC and other concerned officers attended the meeting. Continue reading

2012 bleak year for real estate sector: ABAD

KARACHI: Poor law and order situation, unstable economy and land grabbing remained the major contributors towards dull activity in real estate sector during 2012, said Anwar Gagai Chairman Association of Builders and Developers of Pakistan (ABAD) on Saturday.

We still have enough demand but poor security and law and order situation became barrier in the way of investment in real state sector, he added. Government should take concrete measures to placate the situation other wise this sector would more adversely affect in 2013, he said.

Federation of Pakistan Chambers of Commerce and Industry (FPCCI) Standing Committee for Real Estate Chairman Munir Sultan said country’s requirement was 1.5 million houses per year but around half of the numbers are built.

Quoting State Bank of Pakistan’s figures, he said only 4.5 percent contribution in GDP from real state sector was recorded in 2011-2012 fiscal year while it was 18.5 percent in 2005.

Munir termed it was a failure of government as they constantly showing apathy toward real sector resulting high housing backlog.  Continue reading