. 5 Steps To Mortgage Pre-Approval: A Beginner’s Guide

Today, Prime Minister Imran Khan will open the world’s largest Miyawaki urban forest in Lahore

/0 Comments/in /by

Islamabad: On Monday (today), Prime Minister Imran Khan will open the world’s largest Miyawaki urban forest in Lahore as part of the 10 Billion Tree Tsunami project.

Due to the unique Miyawaki technique, the forest has been produced over 100 Kanals with 165,000 plants that will grow ten times faster than a conventional forest. To create fast-growing urban forests, it employs specialized land preparation and indigenous types with variable growth rates.

Another 53 Miyawaki kinds of wood are being planted in various sections of Lahore to build carbon sinks and improve pollution reduction in the city. All of them have been geo-tagged so that they can track their growth and development.

“Prime Minister Imran Khan is attempting to resurrect Lahore as the city of gardens it once was,” according to a news. The ongoing monsoon plantation operation, which is the largest ever, is planting almost 500 million trees.

Prime Minister Khan praised Shibli Faraz, Minister of Science and Technology, and his staff for developing electronic voting equipment in Pakistan (EVMs).

“Looks like finally, we will have elections in Pakistan where all contestants will accept the results,” the prime minister wrote on Twitter, referring to his recent inspection of locally-manufactured EVM. Meanwhile, the government claimed on Sunday that it had contained the Covid-19 pandemic thanks to its brilliant strategy “that not only protected people from the fatal infection but also prevented the spread of the disease.”

It will be the world’s largest Miyawaki urban forest. Green plants are critical to the human environment and the long-term viability and health of environmental systems. It is one of the splendid initiatives taken so far for the betterment of the territory of Lahore.

President Dr. Arif Alvi and Prime Minister Imran Khan praised the National Command and Operation Centre’s (NCOC) “excellent and committed efforts” in designing a successful strategy to stem the spread of the deadly virus.

Prime Minister Imran Khan will open the world’s largest Miyawaki urban forest in Lahore

Lahore, once a Green City, is now a Concrete City.

Housing plans have become a need as Lahore’s population grows by the day. However, these large-scale development plans decrease the quantity of area that may use for tree planting. Land developers often use the gap because there is no regulation prohibiting the conversion of prime agricultural areas for housing or commercial purposes. It is important to remember that when unplanned housing plans are built, the expense of constructing roads and other infrastructure is once again borne by the government.

Prime Minister Imran Khan’s intention to open the world’s largest Miyawaki urban forest in Lahore is fantastic. It will aid in the improvement of weather and climate conditions and benefit our health and well-being.

Read more with EL news: The Sahukat Khanum Flyover would be completed soon

Kw: open the world’s largest Miyawaki urban forest

Share this:
According to the RDA chief, they rendered the Ring Road project to the Lahore administration in 2020

According to the RDA’s chief, they rendered the Ring Road project to the Lahore administration in 2020

/0 Comments/in /by

Rawalpindi: Tariq Mehmood Murtaza, Chairman of the Rawalpindi Development Authority (RDA), claimed that the municipal body had no involvement in the Rawalpindi Ring Road project; they rendered the Ring Road project to the Lahore administration in 2020.

However, he did say that RDA was working on the Leh Nullah Expressway and Flood Channel Project and that the Punjab government had set up Rs30.2 billion in the Annual Development Programme for land acquisition for the Lehman Nullah Project (ADP).

He stated that he would build a highway to give tourists an alternate route from Rawalpindi to Murree and reach new tourist attractions. The road will run through four tehsils in Rawalpindi at the same time.

He told the news conference that development on the project would begin shortly and help the region’s tourism.

A new approval method for private housing societies and building plans has been established:

  • Maps and layout plans will be approved in 30 days.
  • They will support the land-use changes in 45 days.
  • Housing schemes will be approved in 75 days.

He claims that more than 1,600 residential and multi-story building maps have been approved this year, a new high. As a result, income has climbed to Rs1 billion in the last three years.

RDA collected Rs559 million in revenue in 2020-21, compared to a target of Rs295 million. According to him, the recruiting process is being carried out by the Punjab Public Service Commission since the Punjab government believes in merit. “Eleven officials will be appointed very shortly, including four sub engineers and one assistant,” he stated.

He stated that since July 2018, the RDA had taken indiscriminate action against all dynamic schemes, registering 307 legal notices, 91 challans, and 112 first information reports (FIRs). In addition, RDA has sealed 135 schemes’ offices, 61 schemes’ gates, and 61 schemes’ billboards.

Read more with EL news: LDA will collaborate with three directorates

On occasion, he stated that the RDA had begun digitalization in line with Prime Minister Imran Khan’s aim of digitizing Pakistan. In RDA, a One-Stop Operation Center with contemporary facilities has been established.

“Digital maps of residential and commercial properties are received and approved in less than 30 days. In addition, the State Management Directorate of the RDA’s documents have been digitized, and work on process automation for public convenience has begun in the next phase,” he stated.

In terms of RDA projects, he said the two-lane Qadeer Khan Road from Missile Chowk to Falcon Complex (1.75 km) was completed under the ADP program for Rs223.6 million. The original Airport Road Flying Club was rehabilitated and expanded to Koral Chowk (3.45 km) for Rs443 million. At the cost of Rs14.5 million, completed a feasibility study for Katcheri Chowk and Defense Chowk.

He stated that repair and expansion work from Dry Port Road to Airport Road to the Prime Minister’s New Pakistan Housing Scheme is now underway for Rs443.1 million. The anticipated cost of pedestrian bridges on the old Airport Road under ADP is Rs109.9 million, and development on the project is now underway.

He stated the projected cost of land acquisition for Leh Nullah is Rs30,250 million, the estimated cost of renovating Katcheri Chowk is Rs3,630 million, and the estimated cost of reconstructing Defense Chowk is Rs2,200 million when asked about ADP’s proposed initiatives.

According to the RDA chairman, Wasa has completed the cleaning of Leh Nullah well ahead of the monsoon season. The twin towns received record rainfall, and the Leh Nullah was raised to 21 feet at Katarian Bridge and 17 feet at Gawalmandi Bridge, yet the city did not flood. With a subsidy of Rs30 million from the Punjab government, finished the work on Leh Nullah’s cleanliness in June.

Read more with EL news: The P&D Board is opposing PC-I of the Ring Road project

 

Share this:
The P3A has been updated to remove the Rawalpindi Ring Road plan

The P3A has been updated to remove the Rawalpindi Ring Road plan

/0 Comments/in /by

The Punjab government has decided to take the Rawalpindi Ring Road Project out of the public-private partnership authority (P3A).The decision was made in Chief Minister Usman Buzdar’s office on Thursday during the 8th meeting of the policy and monitoring board for public-private partnerships.

The committee would start the Rawalpindi Ring Road Project in PC-I mode with Punjab government money. At the conference, the Kharian-Dinga Road project was also withdrawn from the public-private partnership portfolio.

Read more with EL news: For the Pakistan Navy, China has launched a third Type-054 frigate

The CM ordered that the projects be finished on time and following all regulations. The participants ratified the choices made at the last meeting, and Quratul Ain Memon, a member of the public-private partnership cell, gave an update on development projects.

The meeting was attended by Sardar Asif Nakai, Provincial C&W Minister, Adviser Dr Salman Shah, the chief secretary, ACS (Home), secretary housing, chairman P&D, administrative secretaries, the authority’s CEO, and others.

Read more with EL news: The P&D Board is opposing PC-I of the Ring Road project

 

Share this:
 The Sahukat Khanum Flyover would be completed soon

 The Sahukat Khanum Flyover would be completed soon

/0 Comments/in /by

The Lahore Development Authority (LDA) has stated that the Sahukat Khanum Flyover would be completed soon by August 25th, despite significant cost increases and delays. However, officials working on the project believe that the new deadline is unattainable because the government owes the project contractor about Rs300 million.

LDA Director General Amna Imran Khan paid a visit to the Shaukat Khanum Flyover construction site to assess the progress and quality of the project. She told the person in charge to speed up the construction process and flyover would be completed soon.

According to LDA Chief Engineer Mazhar Hussain Khan, the project is being finished at the cost of Rs903 million, with the enlargement of Khayaban-e-Jinnah from Shaukat Khanum Chowk to Raiwind Road costing Rs460 million. Over 90% of the flyover’s development work has already been done, he said. Hussain further claimed that they had expanded the project’s labor force to finish by August 25.

In December of last year, the LDA’s governing council received administrative approval for the project, expected to cost Rs947.31 million. On Khayaban-e-Jinnah, u-turns will be remodelled, building four pedestrian bridges on Johar Town Main Boulevard. The project, however, was initially postponed due to a shortage of funding and then again due to mismanagement and general elections.

They initially estimated the cost of rebuilding Khayaban-e-Jinnah to be around Rs220 million, but it has now risen to Rs460 million according to revised estimates.

Read more with EL news: The government is considering renting out the PM House for events to generate income

 

On March 22, the contractors began construction of the Shaukat Khanum Flyover. Later that month, the authority broadened the project’s scope and granted another contract to Sarwar and Company for the renovation of Khayaban-e Firdousi and Khayaban-e-Jinnah.

The LDA had planned to make this a signal-free corridor. Still, recent rumours say that city developer and project consultant National Engineering Services Pakistan (NESPAK) intends to put a traffic signal beneath the flyover. Locals have expressed their displeasure with this. It is pointless to spend millions of rupees on a flyover and road reconstruction if the city’s traffic managers fail to remove the signal from Shaukat Khanum Chowk.

According to a project official, those expecting the flyover to open on August 25 were living in a dream. Out of a total of Rs809 million, the authorities had paid only Rs200 million to the project contractor.  The Election Commission of Pakistan (ECP) has blocked all development money before elections; most cheques are still stranded with the provincial treasury department.

The contractor has delegated some labor to the project because it is nearing completion, he said. Due to nonpayment, however, the project has been halted.

The government had previously put pressure on the contractor to finish the renovation by May 15. However, after expanding the project’s scope, the deadline was pushed back to the end of July. The authority is attempting that the construction of flyover would be completed soon by August 25, which some officials say is still unrealistic. However, residents in the neighborhood suffer significantly due to traffic congestion and pollution in Johar Town and the surrounding areas.

Read more with EL news: As USAID threatens funding withdrawal, KP makes changes to development projects

 

Share this:
PTA has launched a new automatic method to prevent snatched or stolen devices

PTA has launched a new automatic method to prevent snatched or stolen devices

/0 Comments/in /by

The Pakistan Telecommunication Authority, commonly known as PTA, has launched a new automatic method that disables smartphones that have been “snatched, stolen, or misplaced.”

It is launched to prevent snatched or stolen devices by this new automatic method which will be very helpful in the welfare of humankind.

According to PTA, the user applies the Lost and Stolen Device System (LSDS), and the mobile’s IMEI (international mobile equipment identity) number is disabled within 24 hours of submission “after mandatory verification.”

“Upon successful registration of a blocking request, the complainant will obtain a complaint reference number,” the PTA tweeted. A blocking of IMEIs application must be submitted so that the data and mobile phone are not exploited.

If the phone is recovered, users should follow the same steps to unblock it: all mandatory details and the complaint reference number they submitted for restricting the mobile phone should be mentioned during the complaint registration process. PTA has launched this new automatic method for the well-being of people.

Read more with EL news: SECP and PSX warn SHC against formulating rules that are unmaintainable

 

Share this:
Tribal district stability is crucial to regional security: USAID official

Tribal district stability is crucial to regional security: USAID official

/0 Comments/in /by

The US Agency for International Development (USAID) is assisting the government of Khyber-Pakhtunkhwa (K-P) in expanding governance, enhancing service delivery, providing economic opportunities, and constructing infrastructure in the province, particularly in newly combined tribal districts. The stability of the tribal district is crucial to regional security.

It was mentioned by Altaf Afridi, Acting Director of the USAID-KP office, during a virtual seminar in Peshawar.

 

According to an official announcement, other members of the USAID team were Agriculture Expert Mohsin Rose, Economic Growth Expert Waseem Bari, Infrastructure Expert Jalil-ur-Rehman, Education Expert Fazal-e-Rabbi, and Governance Expert Arif Tabbasum.

During his press briefing, Afridi stated that peace and development in K-P are vital to global and regional security, particularly in the merged districts along the Afghan border.

 

USAID is collaborating with the Pakistani government for the stability of tribal district is crucial to regional security and increase the presence of public institutions in the newly combined areas, provide essential services, and open up economic prospects. These jointly prioritized goals are in keeping with Pakistan’s Tribal Decade Strategy for 2020-2030 and a shared goal of increasing stability by developing the former Federally Administered Tribal Areas (FATA).

 

He said that the successful merger aided in gaining access to state institutions, making developments in underserved areas, economic revival, job creation, improved livelihood, infrastructure repair, women empowerment, and convening superior services to the residents. In addition, the stability of tribal district is crucial to regional security said by USAID officials.

Read more with EL news: The government will create strategic stores of vital products

(USAID) undertook a lot of work in Peshawar, including developing a water sanitation system. The agency aided in the making of a 600-kilometre road network in the K-P Merged Areas, including three main cross-border commerce routes that provided people with new business options.

 

The Peshawar-Torkham roadway is the busiest, with 16,000 vehicles passing through each day. In the former FATA, USAID was still working to rebuild schools destroyed by terrorists and flooding, create other infrastructure, and update the energy system. Solar panels for conventional water systems were being built in the area, according to the report.

 

(USAID) collaborates with the Pakistani government to provide technical assistance to province and district administrations to help them better manage and oversee public services. The stability of tribal district is mandatory to regional security, according to USAID official.

 

In addition, USAID collaborates closely with the Democratic Republic of the Congo government on the restoration and rehabilitation of public infrastructure that has been harmed by the region’s long-running conflict with rebels, security operations, and humanitarian crises. These reciprocal investments have improved governance metrics through enhanced public service delivery systems for drinking water and sanitation. Additionally, USAID is collaborating with the K-P administration to build a local income generation tax collection system to provide sustainable public services in the newly united districts.

 

Finally, the communiqué stated that USAID promotes citizen-to-government engagement on development objectives in the newly amalgamated districts to foster confidence and cooperation among citizens and KP government stakeholders.

Read more with EL news: The International Monetary Fund (IMF) has approved $2.8 billion in new funding for Pakistan.

 

Share this:
The IUB syndicate has committed on a budget of Rs7 billion

The IUB syndicate has committed on a budget of Rs7 billion

/0 Comments/in /by

Bahawalpur: Bahawalpur Islamia University (IUB) syndicate adopted a budget of Rs7.20 billion for the current fiscal year, with a record allocation of Rs3.57 billion for the university’s development projects.

Read more with EL news: At a rate of Rs9.1 per unit, would sell power from the Neelum-Jhelum project.

 

The syndicate approved creating an IUB sub-campus in Liquatpur in Rahim Yar Khan, a cotton breeding institute, opening the department of civil aviation sciences and technology and the launch of BS programs in aircraft maintenance and aviation management.

The discussion also covered the HEC’s plagiarism policy as well as other academic and administrative issues.

Read more with EL news: Rupee falls by Rs1.2 versus the dollar, reaching a nine-month low.

 

Share this:
4 Efficient Strategies For Real Estate Business Model 2021

Real Estate Business Model For 2021

/0 Comments/in /by

Real Estate Business Model

Real estate business model is a need of time to perform well in market. Real estate can be a great way to build wealth and diversify your investment portfolio. Still, it’s not a one-size-fits-all situation when it comes to purchasing and managing investment properties. In real estate, taking notes from people who have succeeded is a terrific method to establish a real estate investment plan that works for you. Then you may create a real estate business model tailored to your needs and includes a strategy for profitably purchasing, managing, and disposing of real estate. Again, we can learn from some of the biggest residential REITs and other successful real estate investors.

Purchasing Real Estate

When it comes to real estate, one of the most common phrases you’ll hear is “location, location, location.” Because the location of your home is the one item you won’t be able to change immediately, it’s worth the time and effort to choose wisely. Because every local market is distinct, you’ll need to do some homework, and each investor’s preferred location will be different. Even investors in the same city may have other target areas depending on the amount of money they have to invest or the goals they want to achieve.

There are numerous aspects to consider when selecting target areas for your real estate development business model. For example, consider job development in the neighborhood and closeness to essential landmarks, public transportation, and shopping/entertainment areas.

 

As a general guideline, you’ll want to buy properties in places where rental demand expands faster than supply. Many metropolitan markets fall into this category, although they are likely to be examples of this throughout the United States. Reside near a large university where the student population is outpacing the number of available housing units and plan to manage the property yourself. It could be a great spot to invest in rental property.

Real-Estate Management

Your investment properties would never be vacant, you would never have to evict a renter, and nothing would ever break in a perfect world. Having a solid landlord insurance policy will assist almost all types of real estate business models, whether you expect to hold your rentals rather than flip them. If you plan to own several homes, an umbrella insurance policy may be an excellent option to protect your assets if a renter decides to sue you.

 

It’s critical to budget for unexpected costs across the board. Whether you’re targeting low-income multifamily housing or low-income single-family houses, there will surely be more enormous rehab expenditures than anticipated, as well as large-ticket maintenance items that arise a few years down the road. Plan to set aside 10% of your rent to cover maintenance costs as a general rule. Depending on the property’s age, this should increase. Additionally, a vacancy reserve of 5-10% should be there. In that manner, even if the property is vacant for a few months between tenants, you’ll be able to cover your costs.

 

The next stage is to find a tenant if you’ve chosen property and opted to keep it rather than flip it. In addition to a credit check, other significant elements to examine (and verify) for many real estate investors might include stable work, more than enough income to cover the rent, and an excellent rental history. Everyone, however, requires a place to live, and this is where each person’s real estate investing strategy begins to differ. For example, you may opt to concentrate on high-turnover rentals or long-term stable rentals, both of which can be profitable. As you start your real estate career, keep in mind that one person may tailor one person’s wise counsel to a specific niche or intended outcome, which may or may not apply to your objectives or strategy.

Real-Estate Disposition

“Buy, repair, rent, refinance, repeat,” or BRRR is an excellent real estate investing method. You may get a house for less than market value, undertake some rehab work, and rent it out with a cheap mortgage and minimal capital invested by purchasing properties with solid structural integrity but some cosmetic flaws. You may quickly and easily increase the appeal of the property by undertaking some simple renovations. It might make it a simple property to rent out with minimal out-of-pocket expenses.

On the other side, you might buy a house to rehabilitate it and then sell it when it is perfect, which could be immediately away or a few years later. For example, let’s say you paid $100,000 for a home five years ago with a 25% ($25,000) down payment, and the property is now worth $150,000, indicating you could sell it for $75,000 or more. Rather than continuing to receive rental income, you may sell the property and use the proceeds to put down a deposit on two or three additional properties. Leading REITs employ this as part of their value-creation strategy, which has shown to be quite successful.

Influence your Financing Strategy

The credit ratings of many successful REITs are investment-grade, and many individual real estate investors rely on outstanding personal credit to succeed. Many investment properties don’t usually cash flow (profit) more than a few hundred dollars per month when they’re first purchased. If you plan to keep the property for a more extended period, this can mean the difference between a steady monthly profit and just breaking even. Based on current rates, the difference between a 620 credit score and an 800 credit score on a $100,000 mortgage is a $95 difference in mortgage payments.

Conclusion

The ideal real estate business plan works for you and meets your financial objectives or provides a profit. However, it means that the strategy you choose depending on your goals, income, time, age, risk tolerance, knowledge base, location, and contacts will almost certainly differ significantly from that of the following real estate investor. To summarize, don’t think you have to follow a set of instructions. Instead, find the real estate investment model that works best for you when starting real estate investing.

For more information and detail you can contact Estate Land Marketing for better understanding.

 

Share this:
For the Pakistan Navy, China has launched a third Type-054 frigate

For the Pakistan Navy, China has launched a third Type-054 frigate

/0 Comments/in /by

This frigate is the third of four Type-054 frigates that will help Pakistan improve its defence capabilities. Hudong Zhonghua shipyard in Shanghai at the ceremony, China launched a technologically advanced frigate developed for the Pakistan Navy (PN).

The third of four Type-054 frigates will enable the Pakistan Navy to boost its maritime defence and deterrent capabilities. It comes with the most up-to-date surface, subsurface, and anti-air weapons, as well as a battle management system and sensors. The ships are also expected to aid in the preservation of regional peace and stability.

 

Hudong-Zhonghua Shipyard and Huangpu Shipyard are building Type 054A missile frigates for the People’s Liberation Army Navy (PLAN). They have a 134-meter length and a 16-meter beam. The usual displacement is 3,600 tonnes, while the maximum removal is roughly 4,000 tonnes. A total of 165 people work on each ship.

 

With the ‘Sea Guardians 2020′ joint naval drill in the Arabian Sea and the JF-17 multirole combat aircraft development, Pakistan and China have strengthened their military and defense ties. Pakistan inked a preliminary agreement in 2017 for the delivery of two Type 054 A/P frigates. In 2018, a contract for two other ships was inked.

 

In August of last year, China unveiled the world’s first frigate. This frigate began sea trials in late May, while the second Type-054 frigate was launched in January of this year.

On May 1, the keel for the third ship was laid. All four ships are being built in China, with the first two slated to arrive by year-end.

Read more with EL news: SECP and PSX warn SHC against formulating rules that are unmaintainable

 

Share this:
As USAID threatens funding withdrawal, KP makes changes to development projects

As USAID threatens funding withdrawal, KP makes changes to development projects

/0 Comments/in /by

The government of Khyber Pakhtunkhwa (KP) has recommended amending US Agency for International Development (USAID)-funded projects in the province after the agency set a September 30 deadline for using the funds, failing which it will remove a $5 million grant it gave to KP for these projects.

The United States Agency for International Development (USAID) has committed cash to eight projects under the municipal services program. According to them, most project directors have informed the provincial government that they will fully utilize the $18.8 million provided initially. Still, USAID has threatened to withhold a $5 million fund if it is not used by the deadline.

According to sources, the government has recommended amending the project implementation program to include different things, such as vehicles and the GIS system, in the project.

Read more with EL news: In Clifton Karachi, a high-rise is being built in defiance of SC orders

According to sources, instead of returning the cash, they will purchase new products, including new vehicles for personnel, at a meeting headed by KP additional chief secretary.

According to sources, they will complete the procurement process in two months, and a delegation from the province administration will meet with USAID to discuss the project’s changes.

Read more with EL news: Positive news flow boosts the KSE-100 by over 300 points

 

 

Share this: