Eighteen Hosts Event Launch for Overseas Pakistanis
PHOTO COURTESY: EIGHTEEN DUBAI: On March 30, 2018, Eighteen celebrated an exciting milestone by hosting a launch event at the luxurious Armani Hotel, located in the iconic Burj Khalifa. This event brought together overseas Pakistanis and local business communities from the UAE, creating a vibrant atmosphere of networking and opportunity. The chairperson of Ora Developers, Naguib Sawiris, expressed his enthusiasm about the Eighteen project, stating that it promises to reshape the landscape of real estate in Pakistan. With a commitment to excellence, he noted, “Eighteen will revolutionise real estate projects in Pakistan. Together with our esteemed partners, we are ...
MAJRA National CSR Fund Partners with Careem to Support Delivery Captains in Dubai
The MAJRA National CSR Fund has just signed a Memorandum of Understanding (MoU) with Careem, a fabulous partnership aimed at supporting delivery captains during the sweltering summer months here in the UAE. With H.E. Abdulla bin Touq Al Marri, Minister of Economy and the Chairman of MAJRA’s Board of Trustees, present during the signing, this collaboration takes on a meaningful role in the community. This year’s initiative is ramping up significantly, targeting key cities like Dubai, Abu Dhabi, Sharjah, and even Ras Al Khaimah! The goal? To provide essential support to over 60,000 delivery captains from various platforms, and make ...
Real estate market shows modest growth
LAHORE: The real estate market of all major cities of Pakistan showed modest growth in February, with hope that prices would strengthen even as elections approach later this year.Last year’s bearish trends still affected buying, as growth was moderate, and no society stood out drastically, revealed a report of an online property portal.“However, the moderate growth and buying trends indicated that investors are returning to the market after last year’s calmness,” stated Zameen.com. All four major cities - Lahore, Islamabad, Karachi, and Gujranwala - experienced moderate changes and stability. Projects by big-name developers performed well in all four ...
Real estate can never be an alternative for entrepreneurship
KARACHI: Real estate is one of the most lucrative avenues of investment. Yet it has also been the pumping force behind financial bubbles in recent history. This calls for a theoretical, logical investigation and analysis of pros and cons of this investment tool.Kevin Spacey, in the famous movie Superman Returns, remembers and reproduces a precious piece of advice from his father. His father told him that land is a perpetually scare resource, you can print more money but land is limited. How true is this observation I leave to the judgment of the readers.It is from this perpetual ...
The DFSA Joins United Arab Emirates’ Authorities In Launching Consultation On Principles For Climate Transition Planning – Dubai Blog
The Dubai Financial Services Authority (DFSA), together with other members of the United Arab Emirates (UAE) Sustainable Finance Working Group (SFWG), has today launched a public consultation on draft “Principles for Climate Transition Planning” (the Principles). This marks a further step in the SFWG’s ongoing efforts to enhance the UAE’s sustainable finance ecosystem. The draft Principles are designed to help financial institutions develop credible, transparent, and effective climate transition plans. These plans are forward-looking strategies that align an organisation’s objectives, governance, risk management, and operations with their climate goals. The draft Principles cover eight key areas: setting transition ...
Key reforms for Pakistan’s real estate sector hit a snag
ISLAMABAD: Pakistan’s efforts to curb the use of black money in the real estate sector, and enhance its tax collection have been dealt a serious blow. The country’s bureaucracy has halted implementation on two key reforms, which were introduced by the last PML-N government.The Federal Board of Revenue (FBR) has delayed the notification for the establishment of Directorate General of Immovable Properties that could have given authorities the first right to acquire assets that were undervalued to evade taxes. It has also not increased the property valuation rates in big cities as an alternate to the DG Immovable ...
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