PM Imran inaugurates development projects in Mianwali. Projects for development in the state of Michigan. Prime Minister Imran Khan unveiled 23 uplift projects in the Mianwali district on Sunday, with a combined value of PKR 36 billion. The projects are related to the road, education, and health sectors.
In addition, the Prime Minister has inaugurated three projects worth a total of PKR 5.4 billion. The following is a list of the projects that have been officially inaugurated:
Development of Miyawaki Forest near Namal Lake Upgrading of DHQ Hospital, which is anticipated to cost PKR 2 billion Development of Miyawaki Forest near Namal Lake
According to estimates, the rehabilitation of the Balkasar-Mianwali route will cost PKR 13.5 billion.
Groundbreaking for the construction of a 38-kilometer Kalabagh-Shakardara route, which will cost PKR 2.70 billion.
City Park at Old Cattle Mandi is being built at a cost of PKR 3.6 billion as part of the Mianwali-Sargodha Road construction project.
Several projects are being undertaken under the PKR 6.6 billion PM budget. Package II and the District Development Package, which comprises the upgrading of schools, the construction of 72 road projects, and the establishment of the Rescue 1122 service
Construction of wooded land at Namal Lake and Kundia Forest Park, worth PKR 120 million, was officially launched by Prime Minister Imran Khan.
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KP receives Rs. 98 billion for five cities to strengthen municipal services. According to our correspondents, on December 13th, Khyber Pakhtunkhwa (KP) would receive Rs. 98 billion to upgrade municipal services in five cities.
KP would receive Rs. 385 million for city improvement initiatives. Municipal services in Kohat, Mardan, Abbottabad, Peshawar, and Mingora will be enhanced. Additionally, money will be provided for the improvement of sewage and drainage systems, the development of green urban spaces, the development of water supply systems, and the provision of integrated solid waste management systems.
Mr. Shakeel Ahmed Mian, Secretary of the Local Government and Rural Development Department, announced that Rs. 98 billion would be spent over five years on municipal urban infrastructure, sewerage treatment plants, solid waste management, and water delivery.
Read more about KP’s seven hydel 232MW energy projects and nine continuing grid stations.
Additionally, the ADB stated that the loan would benefit more than 3.5 million individuals. The public will have access to clean and safe drinking water, sanitation services, green urban spaces, and facilities that are gender-neutral. Additionally, about 150,000 houses will receive smart water metres as part of the new water supply system.
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Blue World City Executive Block is finally here to facilitate investors and future residents. Moreover, there are a variety of plots available here, making this block a suitable investment. The other vital aspect is the Blue World City location with full of facilities. Furthermore, the payment plans are highly affordable, where everyone can invest. And, to facilitate the investors, there is a provision of a four-year installment plan; this will ease the investment from all economic groups. Lastly, to know more, continue reading.
Blue World City
A blue world city is Pakistan’s new modern and futuristic housing society. Moreover, they aim to offer comfort and luxury in just one gated community. And, they have also proven it; their master plan is state of the art and includes all the facilities from comfort to luxury. The developers of this housing society are the Blue Group of Companies (BGC). Also, Shah Jian Municipal Engineering Company assisted the developers in this project.
Blue World City NOC Status
The Blue World City NOC now has a legal status, and they have received their approval from the Rawalpindi Development Authority. Moreover, Blue World City now has a Noc status under the district council Rawalpindi, vide letter no 532/10/DC on 07-08-2018. As we know, NOC plays a vital role in gaining investors’ trust and confidence, and Blue World City is now not behind in the race to attain investors’ and future residents’ trust.
Executive Block Payment Plan
The executive block of the Blue World City is nowhere to facilitate the investors and future residents. Moreover, there are a variety of plots available here with an affordable payment plan. The other best feature of this housing society is the location, and the site will facilitate the residents and increase the worth of this real estate project. Furthermore, if we talk about the payment plan, the suitable facility Blue World City is offering is its four-year installment plan. The specifications of the plots are as follows:
5 Marla Plots
There is an availability of 5 Marlas plots in the executive block. Moreover, these plots are here to facilitate the residents to make a dream home. Secondly, they can be the best option for rental properties. Therefore investing in this real estate project will be beneficial. Furthermore, the payment plan for these plot sizes is affordable. The price range starts from PKR 875,000/-. Lastly, investing here will be an asset, as you can live here or rent out the property.
10 Marla Plots
These are other plot sizes available for investors and future residents. Moreover, as they are in an executive block, they are filled with amenities and facilities. Secondly, their size and location make them the best option to create a dream home. If you are interested in building a dream home, Blue World City Executive Block is the best option. Furthermore, the payment plan is also affordable, and with the provision of an installment program, anyone can buy a plot here. Lastly, the price of ten Marlas plots is PKR 1,675,000/-.
20 Marla Plots
The last option available here is the twenty Marlas plots. Moreover, these plots are luxurious with a lot of facilities. The other focal point is the locality of the properties, which also increases the worth of the investment. Furthermore, the payment plan is also super affordable. And, secondly, there is a provision of 4 years installment plan. The Blue World City is doing a lot for its investors’ facilitation because customer satisfaction is their utmost priority. And all Blue World City blocks are a proof. Lastly, the price range of the twenty marlas plots is PKR 3,150,000/-
Conclusion
The blue world city is here to facilitate the residents and investors from all economic groups. They have come up with a solution for all those who want a dream home. Moreover, with the provision of a four-year installment plan, a sense of ease prevails among the investors. Secondly, now all investors can buy a property in executive blocks full of amenities and features. Therefore, investment here will be a valuable asset. Lastly, the master plan of the executive block allows a variety of plot sizes to facilitate the investors. To know more about investing, visit the Estate Land Marketing office or their official website.
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The District Council has approved the Blue World City NOC on 13 Dec 2021. This news comes at a time when a lot of negative rumors are spread about this venture regarding its legality. After successful negotiations between the owners and Rawalpindi Development Authority, the decision of jurisdiction between RDA and the district council has been concluded by the Government. This news further boosts the confidence of investors. Furthermore, with the latest NOC update, more investors would fall in line with Blue World City’s approval.
The Governor of Punjab signed a Local Bodies Ordinance 2021 on 11th December 2021, firmly stating that the NOCS of all residential projects should be granted by the district council of Rawalpindi. Although the district council already granted the Blue World City the NOC, vide letter no 532 / 10/ DC dated 07-08-2018.
Blue World City is a remarkable real estate venture by Blue Group of Companies and Shan Jian Municipal Engineering Company. At first, some real estate experts considered it an illegal housing society. The owners of this project have been in negotiation for the NOC for the past few years. This project spreads over more than 1500 Kanal of land area at Chakri Road near Mouza Sehal and Habital. It is almost 10 km away from the Dhamyal Camp.
NOC is a mandatory document for any property because it gives formal authorization to construct a new property. As per the latest Blue World City NOC update, the project developers will not face any legal hardships in the future.
After issuing Local Bodies, Ordinance 2021, Blue World City finally attained confirmation. After this announcement, the prices of the plots would further increase. With the blue world city approved by RDA, its investors at its earlier phase would now have all the benefits of this project. The construction work would automatically speed up so that this project would finish promptly.
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Chand Tara Chowk is being renamed in honor of a martyred wing commander. The city managers will pay homage to Nauman Akram, the slain wing commander, at Chand Tara Chowk, near to Shakarparian.
The late wing commander gave his life on March 11, 2020, while flying an F-16 during the Pakistan Day parade practice. The Senate passed the resolution last month. The Senate Secretariat transmitted the resolution to the Interior Ministry and Capital Development Authority (CDA) for review and approval.
The memorial will be built by either the Pakistan Air Force (PAF) or the CDA following clearance by the CDA. Although the CDA will decide, there is no obligation to demolish the Chand Tara because a new monument can be created near the chowk. Nonetheless, it would be deleted if necessary.
According to a CDA officer, the pilot did not eject until the very last moment and after guiding the craft away from the metropolitan area. However, he tragically lost his jet and his life in the endeavor. He gave up his life to save the lives of several others.
It is proposed that the aeroplane replica be placed at the monument site as well.
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LDA devised a novel method for ensuring the quality of construction materials. The Lahore Development Authority (LDA) has developed a new mechanism for monitoring the quality of construction materials’ quality in large-scale projects. According to the new Quality Control Mechanism, three reports will be generated (QC).
At various stages, reports will be created. Each report on the initiative will be presented to the National Accountability Bureau (NAB), the Planning and Development (P&D) Board, and the Anti-Corruption Department. LDA collected samples and also gathered the three reports for the Shahkam Chowk Flyover, Sheranwala Flyover, and Gulab Devi Underpass projects.
LDA will finish underpass and flyover projects by February 2022.
During the initial inspection, it is determined whether the construction quality of the project satisfies established criteria. The third report discusses the project’s consistency.
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Disbursement of housing loans increases by 80% in 5MFY22. Disbursement of low-cost housing loans increased by 80% in the first five months of the current fiscal year, owing to an increasing volume of applications and a warning from the State Bank of Pakistan (SBP) to banks that they must fulfil targets or face penalties.
The disbursement climbed by Rs23.5 billion between July and November, according to SBP data. Bankers stated various causes for the unexpected surge in loan disbursement, but the primary factor was the government’s and central bank’s continual threat of penalties.
According to the report, the Mera Pakistan Mera Ghar Scheme (MPMG) disbursed only Rs32 million in December 2020.
Initially, progress was glacial, reaching Rs5.223 billion by the end of June 2021.
In light of the poor pace of progress, the SBP and the government began pressuring banks by requiring them to set aside 5% of their loan portfolio for housing and construction to boost economic growth and create many employees.
Bankers attribute the significant rise to the government’s and SBP’s continual threat of sanctions.
On July 15, 2020, the SBP established a mandatory aim for banks to issue mortgage loans and financing to developers and builders while also requiring banks to raise their housing and construction loan portfolios to at least 5% of total private sector credit by the end of December 2021.
Additionally, the central bank chose to penalize banks that fall short of their G-MSS targets in terms of housing units and payments starting on July 31, 2021. Disbursement of housing loans increases by 80% in 5MFY22.
Banks disbursed a total of Rs28.744 billion between January and November 2021, compared to Rs99.7 billion in approved loans.
By the end of November, however, total loan demand had increased to Rs244.9bn due to increased application volume.
In April, the SBP mandated that banks meet obligatory monthly targets for housing units and disbursements (G-MSS targets for the government’s Mark-up Subsidy Scheme) proportionate to their percentage of total banking assets.
The central bank stated that a baseline penalty would be assessed for missed cumulative targets through July 31, 2021, while a larger penalty would be assessed for missed monthly targets.
Each month during FY22, disbursements increased, reaching a peak of Rs6.5 billion in November. Previously, Rs5.3 billion in October, Rs5.4 billion in September, Rs3.8 billion in August, and Rs2.5 billion in July were distributed.
Before FY22, the Pakistan Banks’ Association (PBA) created and distributed a baseline income estimation model to member banks through a collaborative process.
The SBP believes that this estimating approach will alleviate some of the general public’s challenges when seeking house financing.
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The capital’s road infrastructure and aesthetics. Recently released information indicates that the f has directed the road maintenance department to finish rehabilitation and restoration work in the capital by the end of this week. The road agency began work on reconstructing roadways throughout the federal capital almost immediately after receiving the directive.
Following the reports, maintenance work has begun in regions such as F-5, Agha Khan Road, 7th Avenue, G-7, G-5, F-7, Serena Chowk, and Soharwardi Road, among other locations. Patching, painting curbstones, and delineating traffic lanes are all part of the rehabilitation process. CDA has also asked the relevant department to work on the repair and installation of street lighting in various important markets, parking lots, and roadways, among other things. The CDA has made funding available for this purpose. Road maintenance departments are tasked with the responsibility of enhancing the capital’s road infrastructure and aesthetics.
Additionally, in order to promote culture and improve the aesthetics of the capital, the regulatory body has mandated that murals and cultural designs be painted on a variety of bus stations and underpasses.
According to reliable sources, the environment department has begun planting flowers and beautiful plants in the Prime Minister’s Clean and Green initiative. Road maintenance departments tasked to improve capital’s infrastructure.
LDA has proposed flyover and underpass projects at Cavalry Ground. The Lahore Development Authority has sent Project Concept-1 (PC-1) for approval (LDA). This was a flyover and Cavalry Ground Underpass project. The project has been forwarded to the appropriate authorities for final approval. The project will cost Rs 2.85 billion in total. Additionally, the third project will be cleared for final approval.
National Engineering Services Pakistan has estimated the project’s cost (NESPAK). According to the project proposal, a full-height underpass will be constructed at Khalid Butt Chowk, adjacent to the Cavalry Ground.
Additionally, a single flyover will be constructed at Ghoda Chowk towards Defense Mor. There will be a signal-free corridor for traffic, significantly reducing commute times. Aziz Ahmed Tarar, Director General LDA, approved the design, and Mazhar Hussain Khan, Chief Engineer LDA, forwarded the PC-1 to the Punjab Government.
LDA will complete underpass and flyover projects by February 2022.
PC-1 will be presented at the next Provincial Development Working Party (PDWP) meeting. Punjab will finance the project through its Lahore Urban Infrastructure Development Sector. LDA has proposed flyover and underpass projects at Cavalry Ground.
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Mir Abdul Qudoos Bizenjo, Balochistan’s Chief Minister (CM), approved a grant of PKR 183 billion for the Frontier Works Organization (FWO). The grant will improve road and dam projects throughout the province.
Mir Bizenjo allocated funds to establish new subdivisions and tehsils in various regions of the province at his first meeting in office.
The cabinet approved the electronic bidding mechanism to increase the bidding process’s ferocity using technology. As part of this inducement, the cabinet amended the Balochistan Public Procurement Act 2009 and the Balochistan Letter of Administration and Succession Bill 2021. This gives the National Database and Registration Authority (NADRA) the authority to issue a succession certificate in the event of a person’s death.
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