Ministry to start a project for 167 capital schools and colleges

Ministry to start a project for 167 capital schools and colleges

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Ministry to start a project for 167 capital schools and colleges. Federal Education and Professional Training is about to start work on a huge project that will help 167 schools in the federal capital get basic things like electricity and water.

The Project Management Unit (PMU) of the ministry finished the first pre-qualification round. On Thursday, three big construction companies sent their documents to the PMU, which would be checked.

It will be up to the Public Procurement Regulatory Authority (PPRA) to make a final decision in the next few days, the PMU said. However, everyone who has sent in their documents has a lot of experience, so it is likely that they will all be qualified.

Read more with EL news : Files seized during a search of the CDA’s revenue directorate

A group of firms called ZKB, Reliable, and a group called Metracan and Kasib Builders and Developers sent in their paperwork for the next round of qualification (KBD).

They said that after the pre-qualification round was over, the ministry would call for financial bids from qualified firms so the project could start. So we’ll find out in two months whether we’ll be able to work on this project.

More than 500 new classrooms will be built as part of the project. In addition, three auditoriums, 39 labs, 17 libraries, 148 toilet blocks, and servant rooms will also be built and renovated.

The project’s total cost is Rs6.7 billion, but work on it will be broken up into three separate parts.

There will be a lot of work done in the first phase, which is called “civil work.” Then, a second project worth Rs268 million for furniture will start before the last phase, which costs Rs589 million.

During the first fiscal year of 2021-22, the previous government set aside Rs409 million for the project. This money has been used.

Ministry and FDE officials said that most school buildings were in bad shape and needed to be repaired to improve the quality of education. This is what they said.

Working paper: “Project was prepared in light of the fact that FDE has mostly kept educational institutions that were given to it by the government of Punjab in 1973 and 1985,” the paper said.

Many of these buildings are in bad shape and need to be repaired quickly to keep students safe in a safe environment where they can learn well. Unfortunately, FDE schools and colleges don’t get any money to keep their buildings in good shape, the paper said, adding that the PSDP is the only source of money for schools and colleges’ physical infrastructure needs, whether they need to fix old buildings or build new ones.

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How to Make Money with Virtual Real Estate

How to Make Money with Virtual Real Estate

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Introduction

Virtual real estate is the need of the hour, working vigilantly to develop the real estate industry. Moreover, in the current times, the digital presence will become a famous way of doing almost every task. Furthermore, the post-pandemic world has also seen the chances of physical aspects to virtual ones. Therefore, digital presence is a way to interact with the world today. And the best part is that the world is now shifting toward using these digital platforms rather than physical ones. Moreover, virtual real estate benefits many people and has also positively impacted. Lastly, to know more regarding virtual real estate, continue reading.

What is Virtual Real Estate?

Virtual real estate is in the mind of all investors and developers. Moreover, it involves the buying and selling of real estate properties online. Furthermore, the world is now shifting to adapt to new real estate practices. And the best aspect is that this method is more cost-effective and saves lots of time. And with the advancement of the blockchain, the real estate industry has also seen a big boom. Moreover, virtual real estate will be the future as well. And the best aspect is that it helps in marketing the properties.

Virtual real estate is becoming famous because several housing societies are developing in the country with several residential and commercial properties available. Moreover, in Pakistan, the developers offer the best services to all the investors at an affordable price. Furthermore, some famous housing societies are Kingdom Valley, the 1947 Housing Society, and the Rudn Enclave.

Virtual Real Estate: Ways to Make Money 

Several ways are now available to make the monetary benefits from virtual real estate. Moreover, some of them are on this blog, so continue reading. Furthermore, the blockchain has evolved the real estate industry into a profitable endeavour. And the latest trends also show that the digital marketing business generally yields higher benefits. Lastly, the best virtual real estate option is metaverse.

The metaverse is not only concerned with gaming, but it can also be a fantastic real-life alternative for doing profitable businesses. Moreover, in the metaverse, the investors can buy and sell properties online. Furthermore, the investors usually take it as a source of passive income. And several ways the metaverse can be the best virtual real estate option, and here are some of them:

Flipping Asset

Investors can easily buy and sell real estate properties in the metaverse. Moreover, the virtual world can be the best source of passive income. Furthermore, the properties can help generate the best financial benefits by flipping them. Therefore, virtual real estate provides an option for making money.

Becoming Broker

Creating a connection between buyers and sellers is mandatory in the virtual real estate world. Moreover, the demand for it is increasing because many investors are keen to invest in a digital world to make it a suitable and profitable passive income. Furthermore, the brokers can make higher financial benefits by connecting buyers and sellers online.

Rent Out Property

In virtual real estate, things are not different from the real world. But moreover, the investors can buy a property and make the infrastructure of their wish. Furthermore, by making any real estate property, they can rent it out to make money. However, this latest trend might require time to get its full potential and recognition.

Properties Management

In virtual real estate, several properties are available. Moreover, adequate management is necessary to make maximum benefits. Furthermore, managing other investors or user properties is also a way of earning in digital real estate. And as we know, adequate management skills are mandatory to yield the maximum monetary benefits from the digital world.

Infrastructure Designing

Another way users can make money in virtual real estate is by designing the properties. Moreover, several plots are present in the metaverse, requiring good design. Furthermore, there will be commercial, residential, and professional setups required in digital properties. And all these designs will be in demand soon. So all the designers can earn money by making outstanding properties designs.

Virtual Real Estate Benefits

Several benefits are here to make best of the virtual real estate. Moreover, the best aspect is that it is a suitable passive income stream. Furthermore, it allows the users to invest digitally in making monetary benefits. And with a click, the users can buy or sell the property and yield higher economic benefits. Moreover, it encourages self-employment, especially for the users looking for profitable employment options. Most importantly, it has a low initial investment and an easily scalable business model. Therefore, the digital real estate option can be bliss for all users globally.

Conclusion

Virtual real estate is gaining tremendous recognition nowadays. Moreover, users and investors around the globe find this option more trustworthy and easily scalable than real-world business options. Furthermore, the metaverse is the new development in the real estate world in all investors’ eyes. Finally, and most importantly, it helps in yielding higher financial benefits. Moreover, the users can either rent out, flip, and design the metaverse properties that will help make a good amount of money. Therefore, this investment will be an attractive passive income stream. Lastly, to know more details on digital real estate, visit the official website of Estate Land Marketing. 

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Files seized during a search of the CDA's revenue directorate

Files seized during a search of the CDA’s revenue directorate

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Files seized during a search of the CDA’s revenue directorate. On Thursday, there were raids by security officers from the Capital Development Authority (CDA). They took a lot of files from the revenue department at Iqbal Hall.

Sources say that the raid was done at the request of the CDA management, which had heard that some patwaris were taking too long to decide the fate of files.

The sources also claimed that the patwaris used delaying tactics to get bribes from the people who live there.

Read more with EL news : The government will help RDA build the Nullah Leh Expressway

“Yes, there was a raid on Thursday, and after we look over the records, we will be able to say something.” If there is an unusual amount of time between when a file is submitted and approved, “we will take action against the people who did not do their job.”

In what he said, he said some people had complained that their files were being deliberately ignored by the police. Files were held up because of objections that were not relevant.

The CDA’s management had told them to take the files. An officer said to me that there would be a lot of punishment for revenue officials and patwaris who do bad things if they are found out.

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The government will help RDA build the Nullah Leh Expressway

The government will help RDA build the Nullah Leh Expressway

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The RDA will develop the Nullah Leh Expressway with government assistance. People who read the news say that the Rawalpindi Development Authority (RDA) has decided to use only government money to finish the long-delayed Nullah Leh Expressway and Flood Channel. The project will now start in the next fiscal year, with the federal government providing 60% of the funds and the Punjab government providing 40%. This means that the project will start in the next fiscal year.

Read more with EL news : Inauguration of the Rawat-Faizabad metro bus service

A group called the Executive Committee of the National Economic Council (ECNEC) had already approved the project’s funding in December 2012. The government has also come up with a new plan. They’ll pay for the project all on their own. Decision: The project was scrapped because of long delays in getting land and because it didn’t have a lot of potential for urbanization.

PKR 65 billion will be spent on the Nullah Leh and dual highway, and PKR 25 billion will be spent on land acquisition.

During a public hearing on May 11, the RDA is going to look over the project’s Environmental Impact Assessment (EIA). The project will start in New Katarian on I.J.P. Road and end at Soan Bridge near the Rawalpindi bench of the Lahore High Court in the city of Rawalpindi (LHC).

Proposed Concept-1 says that the width of the concrete nullah and dual carriageway at New Katarian would be 55 metres. As it neared Soan Bridge, it would widen to 80 metres (PC-1).

This is important to note: Frontier Works Organization (FWO) was recently given the project by the RDA.

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Inauguration of the Rawat-Faizabad metro bus service

Inauguration of the Rawat-Faizabad metro bus service

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The administration will initiate work on the Rawat-Faizabad metro bus service. Sharif has permitted the divisional administration to start work on the Rawat-Faizabad metro bus service project next week, according to news on Wednesday, April 13.

When the government changed, the project was put on hold. A senior official said that a feasibility study of the two main routes of the bus service, from Rawat to Faizabad and from Saddar to Tarnol, was done in 2017. He has decided to restart the metro project from Rawat to Faizabad, which was scrapped long ago. Pakistan’s National Engineering Services will start the project, and it will last for a long time (NESPAK).

Read more with EL news : Dhamathore Bypass completed ordered to boost Abbottabad tourist

An official said that running a metro bus from Saddar to Tarnol would be impossible during a meeting. When the old bridge is done, five underpasses and a flyover will be built in its place. The General Post Office (GPO), Pearl Continental Square, Military Hospital Square, and Brig Tariq Mehmood Square will all have underpasses so people can get in and out. This is where the flyover will be built. It will be across the street from Race Course Park at Qasim Market Square.

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Dhamathore Bypass completed ordered to boost Abbottabad tourist

Dhamathore Bypass completed ordered to boost Abbottabad tourist

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Dhamathore Bypass project construction should be finished as soon as possible, according to news sources. The Frontier Works Organization (FWO) has been asked to finish the project as soon as possible. The goal is to minimize the traffic and boost tourism in Galiyat.

Read more with EL news : Miftah criticises the PTI regime for ‘devastating’ the economy

Afterward, the DC gave a briefing about the bypass and the road that links Galiyats to the rest of the country. According to the DC, speeding up project building is essential for the tourism business in the area.

A bypass is being built by the FWO, Nespak, and the Departments of Communication and Works. Everyone at the meeting was told that they had to finish the infrastructure construction by May so that summer tourists could enjoy the area. The crowd was also told that the government plans to build a police station on the bypass to keep drivers safe.

DC Marwat told the right people to do something about encroachment near the planned bypass route in a separate meeting. To clear the drains, he also asked the Water and Sanitation Agency (WASA) and the TMA to set up teams of people to do the job. We’re told to be extra clean by drains at Ayub Medical Complex, Sethi Masjid, Jhangi, small businesses, Bilal Town, Jab Pul, and other places.

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Abbasi advises the next government to abolish the NAB

Abbasi advises the next government to abolish the NAB

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Abbasi advises the next government to abolish the NAB. Imran Khan’s former chief of staff, Javed Iqbal, now heads the National Accountability Bureau, which Shahid Khaqan Abbasi wants to get rid of. The new government should get rid of Iqbal because he was “totally under the control” of Khan.

Shehbaz Sharif took the oath of office as the country’s 23rd prime minister on Monday, a day after the PML-N leader made his comments. Imran Khan had been ousted by a joint opposition effort.

Read more with EL news : Miftah criticises the PTI regime for ‘devastating’ the economy

During the PTI’s time in power, Abbasi told the government to stop NAB and hold its officials accountable for what they allegedly did to people. People in Imran’s cabinet used to tell the NAB chief to make up charges against the opposition, the head of the agency said.

Moonis Elahi’s arrest is “out of question,” says the NAB.

Is now going to go after Imran’s friends, he said, adding that the accountability watchdog hasn’t made a single complaint about Imran’s government. The truth about NAB will be out soon, he said.

Abbasi said that the government will go to court to ask that cameras be put in the accountability courts so that people can see the truth about NAB’s accountability drive.

People are protesting against Imran, and Abbasi said that the new government will finish its term, but Imran will keep going around the streets. He also said that the country had been ruined by the previous government.

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Real Estate Market Size by Country

Real Estate Market Size by Country

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Introduction

The real estate market size depicts the real estate investment in the respective country. Moreover, real estate is the right business for all investors. Furthermore, real estate endeavour includes both residential and commercial investment and trade. And every country has different real estate dynamics according to the country’s conditions. However, one aspect that everyone would agree with is that real estate helps in generating many monetary benefits as any other business.

Moreover, even after the pandemic, the financial gains were maximum. Therefore, the industry is in all investor’s eyes. And not only in developed countries but also in developing countries also benefit from it. Furthermore, some of the famous housing schemes in Pakistan also increase the real estate market size, like the 1947 Housing, Kingdom Valley, and Blue World City.

Real Estate Market Size

The real estate market size depends on economic, social, and political factors. Moreover, the size of the real estate industry indicates the interest of investors in the surroundings. Furthermore, real estate is the most trusted and valuable investment option that encourages individuals to make long-term and beneficial investments. Most importantly, the developed countries are always at the top of the real estate investment chart. In contrast, the developing countries will soon make it to the top chart. And some countries, real estate market sizes are as follows:

China

Among the world, real estate investment chart china is at the first number. Moreover, China leads the residential real estate investment with $39.4 trillion. However, the commercial real estate value of the country is $3.3 trillion. And these stats indicate that the real estate investment here is the biggest and most famous business venture. Moreover, the vast real estate market size suggests that most investors are keen on investing in this business option.

United States of America

The second real estate market size investment in the united states of America is the real estate investment leading the majority of the area. Moreover, the real estate market is growing even in the post-pandemic world. Therefore, the acquisition seeks a significant rise that encourages the investors to make a long term and valuable investment option. And the total worth of the residential real estate is $34.1 trillion. And the commercial real estate investment is $8.0 trillion.

Japan

Japan’s third most prominent real estate investment as its market size is comparatively significant. Moreover, the net worth investment in the residential sector is $ 9.5 trillion—However, the commercial real estate investment is $2.8trillion. And the real estate market size is on the top real estate investment list.

United Kingdom

The next on the list of real estate market sizes is the United Kingdom, which is growing and speedily. Furthermore, even though the UK has seen the most significant restrictions on real estate investment. And the net worth of the residential real estate investment is $9.2 trillion. In contrast, the commercial real estate investment is about $1.6 trillion.

Also Read: How to Invest in Digital Real Estate

Other Developed Countries

The other real estate countries making it to the top real estate list are India, Germany, France, and brazil. Itlay, Russia. Moreover, the real estate world is developing as demand for residential and commercial properties rises. Furthermore, these countries’ real estate net worth also contributes to the top real estate market size list.

India’s residential real estate investment is about $8.3 trillion, and the commercial investment is $0.4 trillion. Moreover, Germany’s residential real estate investment is $5.9 trillion, and the commercial real estate investment is $1.7 trillion. Furthermore, the residential investment in France is $4.7 trillion, and the retail real estate worth is $1.3 trillion. And the rest of the ratio is more or less equally divided in the remaining countries. The developed countries mostly dominate so the world real estate market size.

Pakistan

The real estate market size of Pakistan is also growing. Moreover, we can see that the various housing schemes are building in the country to offer a sustainable living standard to all the country’s citizens. And some of the notable residential projects are the Capital Smart City, Kingdom Valley and Rudn Enclave.

Conclusion

The real estate market size is becoming famous globally. Moreover, the world has seen a pandemic and real estate has even worked wonders. Furthermore, real estate is an old and trusted business venture worldwide. And as we have seen, the developed countries are in the top list of the market share. But moreover, the developing countries are no less they are also showing significant growth in the real estate sectors. And several housing schemes are developing in the country, like the Kingdom Valley Islamabad, Blue World City, and the Rudn Enclave. All these real estate developments in the country will bring higher monetary benefits. Lastly, visit the Estate Land Marketing official website to get more relevant updates.

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Miftah criticises the PTI regime for 'devastating' the economy

Miftah criticises the PTI regime for ‘devastating’ the economy

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Miftah criticises the PTI regime for ‘devastating’ the economy. During the time the PTI was in charge, the country’s economy was “damaged,” says Miftah Ismail, a former finance minister and senior leader of the ruling PML-N party. Ismail says the country’s public debt rose to $64 billion during that time.

Ismail and other leaders of the Pakistan People’s Party-Nawaz (PML-N) held a press conference in Islamabad on Tuesday. Ismail accused the previous government of making the lives of the people miserable through “flawed” economic policies.

Read more with EL news : Shehbaz orders to start metro bus service to Islamabad Airport

Fiscal deficit: He said, it was close to $5.6 million. If $800 million in extra grants were added, the total would be $6.6 million. The leader of the PML-N explained how the government’s irrational decisions had led to more debt.

Because of Prime Minister Shehbaz Sharif, he thought the future of Pakistan was going to be better for it. All possible efforts will be made to keep the deficit down, he said. He added that it was their job to lead the country to a better future.

Adviser to Prime Minister on Finance Ismail also criticised the PTI government for giving out a relief package of Rs370 billion, which the former Prime Minister Imran had said would cut the price of petroleum by Rs10 per litre and electricity by Rs5 per unit. Ismail is expected to become Prime Minister’s adviser on finance.

During a question, he said that the government had not yet made a decision about raising the prices of petroleum, but that the decision would be made after looking at the summary of the report from the Oil and Gas Regulatory Authority (OGRA).

A landmine the PTI government had set up for the next one, he said. The amnesty programme was also unnecessary, he said, because it didn’t meet the IMF’s rules (IMF).

Also, check out PM. Shehbaz wants to meet with some of the best economists right away.

During an interview, Miftah Ismail said the government couldn’t control the inflation rate right away because the previous government had made “bad decisions.” This means that the current government can’t do anything right away.

“We will first try to get the IMF to ease up on the tough rules so that the government can help the people,” he said.

This is how it works: He said that the country’s imports were also at a record high level, which meant that the current account deficit was going to be close to $20 billion by the end of this year.

Last month, he said, the country’s foreign exchange reserves went down by about $5 billion, just in that one month.

Ismail was happy when Prime Minister Shehbaz Sharif said that the minimum wage would rise to Rs2500, a 20% rise.

He said that the measure would help people who were feeling the effects of rising prices.

A 10% raise in pay for people who make less than Rs100,000.000 per month would also help people. He asked private businesses, like the media, to raise the salaries of their employees by 10%.

There will be a fiscal impact of Rs13 billion in the next three months of the current fiscal year if the pensions go up by 10%.

He said that as soon as the new government took over, the economy started to show positive signs. This was shown by the Pakistan Stock Exchange, which saw the highest single day increase in trade of shares as the index rose by 1,700 points the day before.

As a result, the index kept going up, with a gain of more than 262 points.

It was also stronger against the dollar, which dropped in price from Rs190 to Rs182 on Tuesday. Miftah says that the PTI government has ruined the economy.

Keep up with Estate Land Marketing for news and updates.

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Shehbaz orders to start metro bus service to Islamabad Airport

Shehbaz orders to start metro bus service to Islamabad Airport

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Shehbaz orders to start metro bus service to Islamabad Airport by this weekend. He has told the Capital Development Authority (CDA) to start the metro bus service between Peshawar Mor and Islamabad International Airport (IIA) as soon as possible.

During his first day in office, Prime Minister Sharif was given a briefing on the metro bus project by officials from the CDA through his staff. The PML-N government launched the project in 2017.

CDA officials were told to start the bus service as soon as possible, preferably on Saturday. This is what they told the people who spoke to them.

Read more with EL news : Buildings can be built beside newly commercialized roadways

People who work for the government told Prime Minister Nawaz Sharif that 30 buses from China would arrive in Islamabad next month.

The CDA said that until 30 buses from China arrived, extra buses from the Metro service in Rawalpindi and Islamabad should be used to get people to and from work.

However, the prime minister told the CDA to start the service in a few days by getting the Rawalpindi Islamabad Metro Bus Service buses to start the service.

The sources said that the Metro service between Rawalpindi and Islamabad had extra buses that were parked in a depot right now.

PM Office: “Yes, today, the CDA gave us a briefing on the metro bus project, and the PM Office has told the city to start the service as soon as possible.”

Project: Officials said that the project was ready, but the civic agency was waiting for buses from China to come in before they could start.

The CDA asked the Pakistan National Shipping Corporation (PNSC) to help it get the buses from China to Pakistan as soon as possible so that the metro service could start.

Until recently, the contractor has been waiting for the buses in Shanghai to be taken to Karachi. They have been in a warehouse in Shanghai for a few weeks now.

Sources say that the buses were supposed to arrive in Islamabad on March 15, but because of Covid-19, they could not get there on time.

Afterwards, sources say it will take a couple of weeks for the bus to arrive in Karachi from China. After that, it could take another two weeks to get the buses from Karachi to Islamabad through customs and get them to the city.

The CDA chose Higer Bus Company after a competitive process. It had bid Rs728 million for the job.

In January 2017, work began on a 25.6-mile metro track that cost Rs16 billion. National Highway Authority (NHA) was in charge of the project. It was supposed to be done in August 2018. However, the project had to be put on hold, and its civil work was done last year.

The NHA was only in charge of building the corridor and other civil work. They had no say in how the buses worked.

Similarly, the Punjab Mass Transit Authority, which already runs the Metro Bus Service between Rawalpindi and Islamabad, said it didn’t want to run the service between Peshawar Mor and the airport. The CDA also noted that, as a development authority, it didn’t have anything to do with the bus service.

The NHA, the Punjab Mass Transit Authority, and the CDA didn’t want to work with the federal government. When the project was done, the government told the CDA to take over the project from the NHA in March last year. It should be noted that the corridors and stations of the metro track have already been built, but the command and control, ticketing, station management, cleanliness, and security systems have not yet been put in place. The CDA has opened bids for a contract to install these systems.

Keep up with Estate Land Marketing for news and updates.

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