Saudi Arab agree to defer Pakistan’s oil payments

Reference: http://www.jang.com.pk/

Saudi Arab agree to defer Pakistan's oil payments

 

The Best Planned Localities of Pakistan: North Nazimabad, Karachi

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In April 2008, we had a post on Eight Bazaars of Faisalabad, and we presented it as one of the best examples of town planning in Pakistan. We would like to develop this topic into a whole new series about the best planned localities of Pakistan. Among many examples of fine town planning in Pakistan are North Nazimabad Karachi, Model Town Lahore, Faisalabad’s 8 bazaars, Federal-B-Area Karachi, Islamabad Master Plan, Wah Cantonment, and many more in other cities. In today’s post we will cover North Nazimabad, Karachi.

The satellite image below shows North Nazimabad’s 20 residential blocks bound in red polygon. East of NN is Federal-B-Area where as North of NN is North Karachi and Buffer Zone.

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Pak-China Industrial Zone near Kala Shah Kako in the province of Punjab

Sam | Pakistan, Business and Economy, Real Estate in Pakistan | Friday, July 6th, 2007

Pakistan and China have come to terms and agreed to finalize a five-year economic and trade cooperation to enhance Chinese investments in Pakistan. Real estate was among the key sectors being identified for the investors to improve Pakistan’s industrial production
Pak-China
The recently proposed Pak-China Industrial Zone near Kala Shah Kako in the province of Punjab will be the first Chinese industrial zone outside China. Some 20 Chinese companies would make investments and establish projects in the zone.

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Gwadar

Gwadar is located on the southwestern coast of Pakistan, close to the Strait of Hormuz in the Persian Gulf, through which more than 13 million bbl/d of oil passes. It is strategically located between three increasingly important regions of the world: the oil-rich Middle East, heavily populated South Asia and the economically emerging and resource-rich Central Asia.The Gwadar Port is expected to generate billions of dollars in revenue and create 2 million jobs. Recently Govt. of Pakistan has handed it over to PSA Singapore to execute port operation for next 25 years giving it the status of Tax Free Port for next 40 years.
Gwadar Map

History
The Makran region surrounding Gwadar was occupied by unknown Bronze age people who settled in the few oases. It later became the Gedrosia region of the Achaemenid Persian empire. The region is believed to have been conquered by the founder of the Persian empire, Cyrus the Great. The capital of the satrapy of Gedrosia was Pura, thought to have been located near modern Bampûr, in Iranian Balochistan. During the homeward march of Alexander the Great, his admiral Nearchus led a fleet along the modern Makran coast and recorded that the area was dry and mountainous, inhabited by the Ichthyophagoi or Fish eaters - a Greek rendering of the ancient Persian phrase Mahi khoran, which has become the modern word Makran.
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Bahria Town, Lahore

Ahmed | Pakistan, Business and Economy, Real Estate in Pakistan, Cities, Lahore | Tuesday, April 10th, 2007

Bahria Township located in three major cities of Pakistan present the highest standards of town-development ever achieved in the country. Street layout emulates a design picked from Reston, Virginia, USA. The added advantage of being located along Soan River with Safari Park and Takht Pari hills in the background adds to the beauty of the Township at Rawalpindi/Islamabad while Lahore Canal creates a cool serene impression in our Lahore property

Bahria Town (Pvt.) Ltd. Lahore was established as a joint venture project of Bahria Foundation in January 1997. Spread over an area of more than 10,000 Kanals land, it has been devised by the renowned town planners, who conceived and established the highly
Real Estate Bahria Town Green Round About
The salient features of Bahria Town, Lahore are listed as follows;

Security and Transport Services
Bahria Town areas are closely guarded by the Bahria Security Guards round the clock, for the safety of property and life is a top priority. In order to make Bahria Town easily accessible to all, negotiations are under way with private transporters to ply regular transport from Lahore Railway Station to the site.
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An ideal time to buy property in Pakistan

Ahmed | Pakistan, Business and Economy, Real Estate in Pakistan | Tuesday, April 10th, 2007

The sharp weakening of the Pakistani property market is playing a major role in Pakistan”s economic slowdown. The key movers are the falling housing construction and a significant rise in the mark-up rates, including those for the purpose of housing and construction. It is expected that the property prices will probably be flat or down for a while. The fall in prices in certain areas or former hot spots will be offset by stable showing in other previously unexplored parts of the country.

Real Estate in Pakistan

On the financial front, there are numerous studies worldwide support the view that property booms do not normally lead to serious busts unless or until the economy goes into a recession or some other factors come into play. The worrying factor on the economic front though is that while other countries, which have gone through a cycle of economic high, take heart in seeing the property slump as the cushion that will provide them with a soft landing, in Pakistan”s case we cannot really be sure about, (a) whether or not we have truly gone through a period of high economic growth; and (b) assuming we have, then has the period been long enough and the flight been high enough to even require a soft landing.
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