KANCO - Builders & Developers

Gwadar International AirPort

‏گوادر کی ویران زمینیں سونا بننے لگیں
‏گوادر انٹرنیشنل ائیرپورٹ جہاں اب انٹرنیشنل پروازیں اتریں گی اور گوادر بزنس کا مرکز بنے گا
‏⁦‪

‏‏گوادر میں دلچسپ سنگ میل:
دو گیم بدلنے والے منصوبوں
- پاک چائنا فرینڈ شپ ہسپتال اور جدید ترین ڈی سیلینیشن پلانٹ کے افتتاح کے ساتھ پاک چین تعلقات میں ایک تاریخی چھلانگ(قدم)کا نشان ہے۔ گوادر کی ترقی اور دونوں ممالک کے درمیان غیر متزلزل شراکت داری کا ثبوت۔
‏⁦‪

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Pair of two SB 361.11 square yards one is corner Gulshan-e-Maymar, Gadap Town, Karachi ID47160542 - Zameen.com Gadap Town Gulshan-e-Maymar Property. Pair of two SB 361.11 square yards one is corner-Commercial SB pair one is corner each SB 361.11 square yards total 722.22 Square Yards situated in Gulshan-e-Maymar. According to new by-Laws of SBCA

https://www.youtube.com/watch?v=Ji5Ypncr5xQ

GLOBALink | China-funded airport in Pakistan to facilitate regional connectivity Construction of the China-funded New Gwadar International Airport in Pakistan is in full swing. The key project under the China-Pakistan Economic Corridor "w...

سندھ بلڈنگ کنٹرول اتھارٹی نے عوام کو 14 رہائشی منصوبوں میں خریداری سے خبردار کر دیا

First look of Gwadar International Airport

It’s seems quick installation😇

Pair of two SB 361.11 square yards one is corner Gulshan-e-Maymar, Gadap Town, Karachi ID47160542 - Zameen.com Gadap Town Gulshan-e-Maymar Property. Pair of two SB 361.11 square yards one is corner-Commercial SB pair one is corner each SB 361.11 square yards total 722.22 Square Yards situated in Gulshan-e-Maymar. According to new by-Laws of SBCA

240 Square Yards Corner Leased Plot Is Available

240 Square Yards Corner Leased Plot Is Available Pir Gul Hassan Town, Scheme 33, Karachi ID47426039 - Zameen.com Scheme 33 Pir Gul Hassan Town Property. 240 Square Yards Corner Leased Plot Is Available-Society located on M9 opposite new sabzi mandi phase I Pir Gul Hassan Town Scheme 33 gated society. Direct deal no commission kindly contact genuine b

Gwadar Special Economic District

Great News For Gwadar Industrial Estate Development Authority (GIEDA) Investors

Finishing work with full Swing

Public notice

Pair of two SB commercial 722.22 square yards, one is corner located in Gulshan-e-Maymar sector Q according to new by laws of SBCA B+G+5 building is permitted on each SB very profitable investment for builders and developers.
Direct deal no commission both plots are leased.
All basic facilities are available in Gulshan-e-Maymar well know and reputable project of Karachi also gated community safe and healthy environment.
Demand: 13.5 crore
Only serious and relevant people contact on below given no:
Muhammad Jamil
+923363546094 ( what’s app)

KANCO - Builders & Developers Builder & Developer

Inauguration of Karachi’s Gulistan-e-Jauhar Underpass expected soon Karachi:

Sindh Chief Minister (CM) Syed Murad Ali Shah has instructed the Karachi administration to open the Gulistan-e-Jauhar underpass soon, a news source reported on August 17.

Read: Sindh CM opens Karachi’s Hawksbay Road to traffic

As per the details, the CM visited the newly constructed overpass and the under-construction underpass project in Gulistan-e-Jauhar, worth PKR 1 billion. He directed the Karachi administration to inaugurate the underpass on August 21. During the visit, the outgoing Chief Minister was accompanied by former ministers Syed Nasir Hussain Shah, Sharjeel Inam Memon, and Karachi Mayor Murtaza Wahab.

The construction of underpass project began in March 2023 and was to be completed within 18 months. The news source mentioned that the underpass spans 110 meters in length and 18.5 meters in width. Additionally, the ramp extending from Pehlwan Goth’s side measures 848 meters. To enhance its aesthetics, LED lights have been installed both on and beneath the underpass.

Read: Anti-encroachment drive: KDA razes slum huts in Gulistan-e-Jauhar

Expressing satisfaction with the project’s progress, CM Syed Murad Ali Shah commended the departing Sindh administration for their prolific efforts in executing numerous development projects across Karachi.

NHA gives nod to procurement of works of various PSDP projects Islamabad:

The National Highway Authority (NHA) Executive Board has given its approval for the procurement of various projects outlined in the Public Sector Development Program (PSDP) for the fiscal year 2023-24, according to news published on August 17.

Read: NHA alters alignment of Sambrial-Kharian Motorway

According to official documents, the board convened under the chairmanship of NHA Chairman Captain (Retd) Muhammad Khurram Agha. After deliberations, the NHA Executive Board granted permission for the procurement of the following projects, in line with PPRA Rule-42 (f), and to hold competitions among State Owned Entities through limited direct tendering without public advertisement:

Construction of the Lahore-Sahiwal-Bahawalnagar Motorway project
Extension of Karachi-Lahore Motorway (KLM), starting point to Saggian Road and Main Ravi Bridge
Construction of Lahore Bypass, from Kalashah Kaku Exit to KLM to Multan Road near Radio Station
Construction of Dual Carriageway connecting Islamabad-Lahore Motorway (M-2) at Neela Dullah via Kahur with Hakla-D.I Khan Motorway (M-14), CPEC Western Corridor at Kharpa Pindi Gheb
Link Road Peshawar–Islamabad Motorway (M-1) to Margalla Avenue in ICT
Read: NHA Board refers PC-1 of Chakdara–Chitral Road project to CDWP

Dualization of Road from Faisalabad Bypass to Lahore-Abdul Hakeem Motorway (M-3) via Satiana
Dualization and Rehabilitation of the 104-kilometre-long Kuchlak-Chaman Section of the Karachi-Chaman National Highway (N-25)
Dualization of the 330-kilometre-long Khuzdar-Kuchlak Section of N-25
Lowari tunnel electrical & mechanical works plus bridges
In addition, the NHA Executive Board endorsed the procurement of projects outlined in the PSDP for 2023-24 under PPRA Rule-42 (f), permitting State Owned Entities to engage in limited direct tendering without advertisement. This includes projects such as:

Construction of 14.9-kilometre long two-lane D.I Khan Bypass
Construction of the 45-kilometre-long Abdulkhel Interchange to Dhakki to Kallurkot Road
Read: Govt authorises disbursement of PKR 129bn for PSDP projects

Construction of 66-kilometre-long road link from Ramak (N-55) to Daraban (N-50)
Construction of the Motorway from Ghulam Khan to Essakhel Interchange
Construction of Paharpur-Sidra More (N-55 road)
Rehabilitation and upgradation of the 56-kilometre-long Kundal Interchange to Lakki Marwat to Tajazai Road
Construction of Road from Essakhel (Arsala Khan) to Bannu/Karak Link

DHA Quetta extends deadline for first instalment of Early Bird Commercial Quetta:

The Defence Housing Authority (DHA) Quetta has responded to the enthusiastic appeals of its esteemed members by extending the submission deadline for the first instalment of Early Bird Commercial-2023 plot payments. This decision was conveyed through an official Facebook post shared on August 12.

Read: DHA Quetta invites individuals for registration of Land Providers

To cater to the needs of its valued members and provide them with enhanced convenience, the administration has pushed the submission deadline to September 5. This strategic move aims to facilitate a seamless payment process, granting ample time for members to fulfil their financial obligations. It is strongly advised that every member maximizes this extension and completes their duty by submitting the first instalment for their plots of Early Bird Commercial-2023 before the specified deadline.

Read: DHA Quetta revises payment schedule for Early Bird Commercial

In another noteworthy development, DHA Quetta has also extended the exclusive discount offer on development charges. Previously extended until July 17, 2023, exclusively for Sector A6 plot holders, this offer has now been extended to September 5. As per the details provided in the announcement, individuals who are yet to settle their development charge payments can do so without incurring any additional surcharges.

Sindh CM opens Karachi’s Hawksbay Road to traffic Karachi:

Sindh Chief Minister Syed Murad Ali Shah officially inaugurated the newly reconstructed Main Hawksbay Road, alongside the rehabilitation of the existing Carriageway stretching from Machhli Chowk to Karachi Nuclear Power Plant (KANUPP), according to news published on August 15.

Read: Complete construction of Hawksbay & Masan Road on priority: Shah

The inaugural ceremony, organized by Mayor Karachi Murtaza Wahab, took place at Machhli Chowk on Monday. Financed through a World Bank-supported endeavor named the Competitive and Livable City of Karachi project, the comprehensive rehabilitation of the Main Hawksbay Road has been successfully concluded at a total cost of PKR 1.15 billion. Commencing its ex*****on in January 2022, the project demonstrated remarkable efficiency by reaching completion within a commendable span of just 15 months.

Read: SHC directs authorities to present report on Hawke’s Bay road project

Mayor Murtaza Wahab presented a comprehensive overview of the project’s significance to the Chief Minister. He accentuated the enhancements that have been implemented to optimize the road’s motorability, including the strategic installation of streetlights designed to ensure the convenience and safety of commuters during both daylight and nighttime hours

CBD, LDA join hands to launch transformative projects in city

Lahore: The Punjab Central Business District Development Authority, also known as Central Business District (CBD), has joined hands with Lahore Development Authority (LDA) to launch transformative initiatives within the city, according to news published on August 13.

Read: Lahore’s Kalma Chowk Underpass, CBD Punjab Boulevard completed in record time

To this effect, both parties signed a memorandum of understanding (MoU) during a recently held meeting. The agreement was signed by CBD Punjab Director Marketing Waseem Siddique and LDA Director Admin Rabia Riasat.

The MoU signing ceremony enjoyed the presence of key figures including Lahore Commissioner and LDA Director General Muhammad Ali Randhawa and the CBD CEO Imran Amin. With this development, Lahore’s urban development takes a significant step forward to transform the city on modern lines.

Read: LDA launches drive to eliminate encroachments in Lahore

Adding to the prospects of the recent development, the commissioner stated that the collaboration between CBD Punjab and LDA is poised to usher Lahore into a new era of sustainable urban development. The cooperative efforts of these two entities stand to potentially reshape the city’s urban fabric, fostering growth and progress.

Karachi Mayor, Netherlands Envoy discuss collaborative development

Karachi: Mayor Karachi Barrister Murtaza Wahab recently had a meeting with the Netherlands Ambassador Henny Fokel de Vries at the Karachi Metropolitan Corporation head office, according to the news on August 3.

Read: Sindh govt opens a new route of electric bus service in Karachi

During the meeting, both dignitaries discussed the potential benefits of the Netherlands’ experiences and technology for development projects in Pakistan, particularly in Karachi.

During the meeting, both parties focused on matters of mutual interest and ways to strengthen the relationship between the two countries. Mayor Wahab warmly welcomed the ambassador and acknowledged the positive evolution of Pakistan-Netherlands ties over the years.

In the wake of recent developments, Mayor Wahab also highlighted positive societal changes in Karachi, including the reservation of seats for disabled and transgender individuals in the City Council. This measure ensures fair representation for all segments of the population in civic affairs, promoting inclusivity and diversity.

Read: New People’s Bus Service fleet rolls in for Karachi

Furthermore, the mayor commended the Sindh government’s efforts in providing better opportunities for disabled individuals, with a specific emphasis on improving their employment prospects.

Karachi Mayor, Netherlands Envoy discuss collaborative development

Karachi: Mayor Karachi Barrister Murtaza Wahab recently had a meeting with the Netherlands Ambassador Henny Fokel de Vries at the Karachi Metropolitan Corporation head office, according to the news on August 3.

Read: Sindh govt opens a new route of electric bus service in Karachi

During the meeting, both dignitaries discussed the potential benefits of the Netherlands’ experiences and technology for development projects in Pakistan, particularly in Karachi.

During the meeting, both parties focused on matters of mutual interest and ways to strengthen the relationship between the two countries. Mayor Wahab warmly welcomed the ambassador and acknowledged the positive evolution of Pakistan-Netherlands ties over the years.

In the wake of recent developments, Mayor Wahab also highlighted positive societal changes in Karachi, including the reservation of seats for disabled and transgender individuals in the City Council. This measure ensures fair representation for all segments of the population in civic affairs, promoting inclusivity and diversity.

Read: New People’s Bus Service fleet rolls in for Karachi

Furthermore, the mayor commended the Sindh government’s efforts in providing better opportunities for disabled individuals, with a specific emphasis on improving their employment prospects.

APCMA records increase in local cement sales in July 2023

Islamabad: All Pakistan Cement Manufacturers Association (APCMA) recorded an increase of 47% in the sales of local cement in July 2023 as compared to 1.887 million tons in July 2022, according to news published in the leading newspaper on August 3.

Read: Statistics shared on cement despatches during June 2023

As per the details, it was shared that the exports also witnessed a massive surge of 184%, with volumes increasing from 153,517 tons in July 2022 to 435,854 tons in July 2023. This resulted in overall sales of 3.21 million tons, a remarkable 57% increase compared to the same month of the previous year.

In July 2023, North-based cement mills dispatched 2.473 million tons of cement, showing a rise of 46.54% compared to 1.688 million tons dispatched in July 2022. On the other hand, South-based mills dispatched 739,376 tons of cement during July 2023, a substantial growth of 109.61% compared to the despatches of 352,747 tons in July 2022.

Domestic sales from North-based mills in July 2023 stood at 2.351 million tons of cement, marking a rise of 45.37% from 1.617 million tons despatched in July 2022. Similarly, South-based mills sold 425,336 tons of cement in local markets during July 2023, reflecting a growth of 57.84% compared to the despatches of 269,477 tons in July 2022.

Read: APCMA records increase in cement sales in May

Exports from North-based mills also experienced growth, increasing by 73.41%, with quantities rising from 70,247 tons in July 2022 to 121,814 tons in July 2023. Exports from the South surged by an impressive 277.13% to 314,040 tons in July 2023 from 83,270 tons during the same month last year.

FBR to launch online service to get exemption, pay 1% tax on immovable properties

Islamabad: The Federal Board of Revenue (FBR) is set to introduce an innovative online feature within the updated ‘IRIS’ system, allowing citizens to either claim exemptions or make a 1% tax payment under Section 7E for immovable properties, according to news published on August 06.

Read: FBR mandates tax clearance for property transactions

Reportedly, the board announced two significant developments for the real estate sector, which were aimed at bringing convenience and transparency to property transactions.

According to the sources, the FBR has introduced an online service that eliminates the need for taxpayers to physically visit the Commissioner Inland Revenue’s office. Moreover, the development will effectively curb the concerns of exploitation during the exemption certificate application process.

Furthermore, the FBR has also chosen to delay the rollout of new valuation tables for immovable properties until the upcoming month. Initially planned for release in August 2023, these revised property values will now be established in collaboration with committees set up in each city by the month’s end.

Read: Tax rates hiked for non-filers as FBR seeks to broaden tax base

The decisions, as disclosed following a meeting between FBR Chairman Amjad Zubair Tiwana and representatives from the real estate sector at the FBR Headquarters, hold particular significance. They addressed the requirement for every immovable property seller to acquire an exemption certificate from the Commissioner of Inland Revenue or pay a 1% tax as stipulated by Section 7E of the Income Tax Ordinance.

Notably, all citizens of Pakistan, whether tax filers or non-filers are subject to the provisions outlined in Section 7E of the Income Tax Ordinance. Formerly, tax filers granted an exemption under this section were obliged to personally visit the relevant commissioner for exemption proof. In a forward-looking move, the FBR is poised to unveil a user-friendly online platform, streamlining the process of obtaining exemption certificates. It was highlighted that these initiatives mark a progressive stride in the real estate sector, embracing digitalization and efficiency while ensuring equitable taxation practices.FBR to launch online service to get exemption, pay 1% tax on immovable properties Islamabad: The Federal Board of Revenue (FBR) is set to introduce an innovative online feature within the updated ‘IRIS’ system, allowing citizens to either claim exemptions or make a 1% tax payment under Section 7E for immovable properties, according to news published on August 06.

Read: FBR mandates tax clearance for property transactions

Reportedly, the board announced two significant developments for the real estate sector, which were aimed at bringing convenience and transparency to property transactions.

According to the sources, the FBR has introduced an online service that eliminates the need for taxpayers to physically visit the Commissioner Inland Revenue’s office. Moreover, the development will effectively curb the concerns of exploitation during the exemption certificate application process.

Furthermore, the FBR has also chosen to delay the rollout of new valuation tables for immovable properties until the upcoming month. Initially planned for release in August 2023, these revised property values will now be established in collaboration with committees set up in each city by the month’s end.

Read: Tax rates hiked for non-filers as FBR seeks to broaden tax base

The decisions, as disclosed following a meeting between FBR Chairman Amjad Zubair Tiwana and representatives from the real estate sector at the FBR Headquarters, hold particular significance. They addressed the requirement for every immovable property seller to acquire an exemption certificate from the Commissioner of Inland Revenue or pay a 1% tax as stipulated by Section 7E of the Income Tax Ordinance.

Notably, all citizens of Pakistan, whether tax filers or non-filers are subject to the provisions outlined in Section 7E of the Income Tax Ordinance. Formerly, tax filers granted an exemption under this section were obliged to personally visit the relevant commissioner for exemption proof. In a forward-looking move, the FBR is poised to unveil a user-friendly online platform, streamlining the process of obtaining exemption certificates. It was highlighted that these initiatives mark a progressive stride in the real estate sector, embracing digitalization and efficiency while ensuring equitable taxation practices.

Govt greenlights import of local construction materials for EPZs

Islamabad: The Economic Coordination Committee (ECC) of the Cabinet has given the green light to important changes aimed at boosting the country’s Export Processing Zones (EPZs) and facilitating the construction materials’ imports to Sialkot and Gujranwala in Punjab, and Risalpur in Khyber Pakhtunkhwa (KP), according to news published on July 26.

Read: Foundation stone laid for construction of Alexander Road in Islamabad
In the wake of the recent developments, the key changes will now allow the import of construction materials into EPZs in the Northern region by using local currency instead of foreign convertible currency.
This is a move aimed at expediting the development of the EPZs and helping meet export targets. However, this relaxation will apply only to locally manufactured products by Pakistani entrepreneurs, and the special provision will be in effect for the next five years.
The Ministry of Industries and Production (MoIP) proposed these amendments based on the request from the Sialkot Chamber of Commerce and Industry (SCCI). The ECC not only agreed to apply the changes to Sialkot but also extended them to Gujranwala, Risalpur EPZs, and any future EPZs.
Previously, EPZs were set up mainly by foreign investors or non-resident Pakistanis, and due to a lack of locally manufactured construction materials, they had to rely on imports.

Read: ICCI to start phase-wise construction, repair works in ISB’s markets
Now, with the availability of locally made construction materials, the government aims to encourage investors to use Pakistani products like iron, steel, cement, ceramics, and others to support the domestic industry and save foreign exchange. Further, the amendments to the EPZA Rules of 1981 and EPZs (Control of Entry and Exit of Persons and Goods) Regulations of 1994 are now set for final approval by the federal cabinet.