Jump to content

Welcome to .::UrbanPK::.
Register now to gain access to all of our features. Once registered and logged in, you will be able to create topics, post replies to existing threads, give reputation to your fellow members, get your own private messenger, post status updates, manage your profile and so much more. If you already have an account, login here - otherwise create an account for free today!
Photo

Pakistan: Association of Builders And Developers of Pakistan Thread

ABAD Thread Progress News & Updates

  • Please log in to reply
17 replies to this topic

#1
Tekno Arkitect

Tekno Arkitect

    CEO UrbanPK.com - Arkitect I Urbanist I Photographer I Cyclist

  • Management
  • 16597 posts
  • Gender:Male
  • Location:Islamabad
  • Interests:Arkitechture, Photography, Bicylcing, Net Surfing!

"All News articles posted in this thread are copied from various news and print media websites. We have tried our level best to give reference to each and every article copied. The intention are only to promote the ongoing developments in Pakistan.
 
Regards
UrbanPK.com Team"
 
 
--------------------------------------------------

 

Association of Builders And Developers of Pakistan News Thread

 

http://www.abad.com.pk/


Edited by Tekno Arkitect, 01 April 2014 - 01:13 PM.
Info Updated!

                                  fb513ed61e7e4dd39b9dc2d859be413f.gif
 


'RANA DESIGN CONSULTANTS'
Architecture | Interiors | Landscaping | Construction Management | Professional Architectural Photography

Follow us on here and refer us for any design work!

or
Follow our Facebook Page :)

 


#2
Tekno Arkitect

Tekno Arkitect

    CEO UrbanPK.com - Arkitect I Urbanist I Photographer I Cyclist

  • Management
  • 16597 posts
  • Gender:Male
  • Location:Islamabad
  • Interests:Arkitechture, Photography, Bicylcing, Net Surfing!

Industry woes: Sector remains under construction

By Shahram Haq
Published: April 3, 2014

690565-hosuexcopy-1396462432-444-640x480

Government initiating low-cost projects to help bridge the gap. CREATIVE COMMONS

LAHORE: Despite a growing demand for new housing units, the construction industry of the country continues to underperform — primarily due to a lack of attention on part of the government. Coupled with a hike in real estate prices, it has become increasingly hard for the middle and lower strata of society to afford a decent housing unit.
Urbanisation is the pumping fuel to this soaring price mechanism. In Punjab, people from rural areas are now swiftly migrating to megacities like Lahore, Rawalpindi, Multan and Faisalabad.
The level of immigration in Lahore has recently reached its peak and it is becoming nearly impossible for low-income groups to find rental property in the city. This, along with the level of investments in the real estate sector, has pushed property prices up.
With increasing land prices, the cost of building materials used in construction consequently resulted in an increase in the price of new housing units.
Pakistan needs around 1 million new housing units per year but only 0.35 million units are being constructed per annum currently.
Majority of these units are being constructed by leading developers for the upper-class with excellent facilities and state-of-the-art infrastructure. These go beyond the range for the less privileged class who cannot purchase them even on installments.
About 80% of the total annual demand consists of low-cost housing units which a majority of developers are hesitant to construct due to lower profits.
Government initiatives
To overcome the deficiency, the current government has announced to construct 0.5 million low cost housing units. The Punjab government is finally starting a 10,000-unit ‘Ashiana-e-Iqbal’ housing society in Lahore with public-private partnership, providing some relief to contractors.
Ashiana schemes in Multan, Faisalabad, Sargodha and Sahiwal are also in the pipeline. Contractors believe this will help the crumbling construction industry and also slow down migration.
“We are participating with the Punjab government to design a transparent and competitive process for the awarding the Ashiana projects’ contract to competent builders”, said Association of Builders and Developers (ABAD) Regional Chairman Akbar Sheikh.
ABAD believes that public-private partnerships in these government schemes will help boost construction activities along with providing a boom to numerous aligned industries.
It is expected that Ashiana projects will increase the GDP by one percent.
Once the momentum begins, more and more private developers will begin to provide citizens with affordable housing units in cities across the country.
The construction industry contributes about 2.3% to the GDP and ABAD believes that this would increase to about 5% once the underlying issues of the industry, especially taxation, are resolved.
“We have already started a dialog with government officials and departments to discuss and overcome some major issues which the construction industry of Pakistan is currently facing,” concluded Sheikh.
Published in The Express Tribune, April 3rd, 2014.
 
http://tribune.com.p...r-construction/

 


                                  fb513ed61e7e4dd39b9dc2d859be413f.gif
 


'RANA DESIGN CONSULTANTS'
Architecture | Interiors | Landscaping | Construction Management | Professional Architectural Photography

Follow us on here and refer us for any design work!

or
Follow our Facebook Page :)

 


#3
Tayyaba Shahzadi

Tayyaba Shahzadi

    Deputy Chief Minister

  • Projects Team
  • 1759 posts
  • Gender:Female

Housing sector: HBFC receives Rs11 billion equity injection
 
761097-Houses-1410457677-782-640x480.jpg
Managing director says development would help increase company’s footprint in mortgage market. CREATIVE COMMONS

KARACHI: House Building Finance Company (HBFC) has received an equity injection of Rs11 billion from the federal government, according to HBFC Managing Director Pervaiz Saeed.
Speaking to The Express Tribune on Thursday, Saeed said the equity injection would play an important role in increasing the HBFC’s footprint in the mortgage market.
The finance ministry and the State Bank of Pakistan (SBP) had decided in the beginning of the current fiscal year that loans acquired by the HBFC from the SBP would be converted into equity.
HBFC is the sole specialised housing bank in Pakistan and enjoys a 24% share in the housing finance market.
“It is a positive development, as the equity injection is likely to result in improved liquidity for the HBFC,” Saeed said.
Talking to The Express Tribune, Association of Builders and Developers (ABAD) Senior Vice Chairman Saleem Kassim Patel demanded that the government should provide the HBFC with further equity given the declining mortgage-to-gross domestic product (GDP) ratio in Pakistan. It stood at 0.50% as of March 31, according to the SBP.
“The government should inject equity of at least Rs20 billion into the HBFC on an urgent basis,” Patel said, adding that the decline in the mortgage-to-GDP ratio can only be contained by making housing affordable for the middle and lower-middle income groups.
Latest SBP data shows a dip in the gross outstanding housing finance by all banks and development finance institutions (DFIs). It amounted to Rs51.6 billion at the end of March as opposed to Rs52.6 billion a year ago, reflecting a decrease of 1.9%, or Rs1 billion, over a 12-month period.
Outstanding loans of the HBFC decreased to Rs12.2 billion at the end of the first quarter of 2014, which is 2.6% less than the corresponding figure at the end of the first quarter of 2013.
With the exception of Islamic banks, the banking sector decreased its footprint in the mortgage market, recent statistics show. Fresh disbursements of Rs2.3 billion were made to 658 borrowers during the quarter ending March 31. Islamic banks extended new disbursements worth Rs1.3 billion followed by private banks (Rs514 million) and public-sector banks (Rs68 million).
HBFC’s fresh disbursements for the first quarter of 2014 amounted to Rs463 million. Disbursements made in the 12-month period ending on March 31 amounted to Rs1.69 billion.
Patel said private banks should set aside at least 5% of their total loan disbursements for the housing segment. “Forward and backward linkages to 72 allied industries make the housing industry a key driver of economic growth. Banks should step forward and help reinvigorate Pakistan’s economy,” he said.
Published in The Express Tribune, September 12th, 2014.

 

Source: http://tribune.com.p...uity-injection/

 



#4
Edamesged

Edamesged

    Citizen

  • Members
  • Pip
  • 1 posts
cialis
viagra
levitra
kamagra
cialis

#5
Johnatanwrire

Johnatanwrire

    Citizen

  • Members
  • Pip
  • 1 posts
I agree but it is super hardand expensive for individuals to fight these developers. The government should do the job of enforcing the law.

#6
Michaelavart

Michaelavart

    y62ggb7x

  • Members
  • PipPipPipPipPipPipPip
  • 901 posts
  • Gender:Male
  • Location:Quatre Bornes
  • Interests:111315
wh0cd84395 albuterol mobic 7.5 buy diclofenac sodium

#7
BennywaB

BennywaB

    buyjmssv

  • Senior Members
  • PipPipPipPipPipPipPip
  • 1020 posts
  • Gender:Male
  • Location:Hohenems
  • Interests:113214
wh0cd84396 elocon

#8
BennywaB

BennywaB

    buyjmssv

  • Senior Members
  • PipPipPipPipPipPipPip
  • 1020 posts
  • Gender:Male
  • Location:Hohenems
  • Interests:113214
wh0cd116366 abilify clonidine 0.2 mg medication furosemide amoxil

#9
BennywaB

BennywaB

    buyjmssv

  • Senior Members
  • PipPipPipPipPipPipPip
  • 1020 posts
  • Gender:Male
  • Location:Hohenems
  • Interests:113214
wh0cd180298 lasix without prescription anafranil for anxiety buy motilium atarax 25 citalopram

#10
Tracybib

Tracybib

    whgevcp7

  • Senior Members
  • PipPipPipPipPipPipPip
  • 1029 posts
  • Gender:Male
  • Location:Cheltenham
  • Interests:134425
wh0cd659789 buy yasmin online celexa tamoxifen

#11
Tracybib

Tracybib

    whgevcp7

  • Senior Members
  • PipPipPipPipPipPipPip
  • 1029 posts
  • Gender:Male
  • Location:Cheltenham
  • Interests:134425
wh0cd691759 toradol with no prescription

#12
gzzufu

gzzufu

    Citizen

  • Members
  • Pip
  • 1 posts
http://www.globalogi...k=user&id=68128 http://todayelectric...=user&id=227695 http://www.rochafloo...k=user&id=46123 http://albaglassmi.c...=user&id=403575 http://llwww.rhlosca...ist/user/86214/ http://alheelam.com/...user&id=1332914 http://marcatueldest...k=user&id=23063 http://giovaniprotag...=user&id=168034 http://zagrada.ua/in...=user&id=383229 http://freshphou.com...k=user&id=77100 http://www.attrezzat...list/user/8624/ http://www.ca-huraca...=user&id=212346 http://www.ipol.com....user&id=1610841 http://solution-ltd....st/user/616904/ http://ept.kiev.ua/i...=user&id=184679 http://forexarbitrag...sk=user&id=7102 http://www.multikons...user&id=1948890 http://drmusayeva.co...ist/user/26690/ http://mst-europe.or...sk=user&id=3788 http://www.gerash313...=user&id=456504 http://www.villaggio...=user&id=125150 http://seversol.ru/i...k=user&id=55370 http://www.lindospiz...=user&id=208307 http://www.moscabian...k=user&id=71349 http://xn--90agdkphi...k=user&id=67011 http://www.casacli.i...k=user&id=29730 http://www.gerash313...=user&id=460562 http://danf.kz/index...=user&id=208049 http://www.sistemi-i...sk=user&id=3840 http://www.walserdes...=user&id=188916 http://www.hindukupa...st/user/180133/ http://mymocha.com/i...k=user&id=33016 http://www.appngo.co...k=user&id=23992 http://hinkalniy-dvo...st/user/175275/ http://www.new.latin...sk=user&id=6102 http://arlabogados.o...=user&id=412202 http://www.fisioacti...mlist/user/378/ http://www.jetandrot...=user&id=146836 http://edpinternatio...k=user&id=70399 http://www.cprc.it/i...=user&id=152527 http://khanhthinh.co...sk=user&id=5543 http://progressivemo...=user&id=170474 http://istudyoindini...=user&id=400898 http://www.brainsurg...=user&id=105977 http://www.progettop...1274496&lang=it http://javatex.co.id...=user&id=123000 http://orlandiefranz...k=user&id=21250 http://www.italmedag...st/user/526922/ http://www.fabionafa...ist/user/10187/ http://www.diva-n.co...k=user&id=49357 http://litocentral.c...=user&id=806919 http://matenuedesoir...list/user/1281/ http://www.andersdis...k=user&id=11123 http://www.l-apparta...=user&id=235346 http://motivationand...k=user&id=12379 http://www.armstrong...=user&id=372607 http://ds-i.hk/index...=user&id=204798 http://celimpa.pt/in...=user&id=338810 http://www.la.fnst.o...t/user/3187889/ http://tailsofny.inf...sk=user&id=5378 http://www.brainsurg...=user&id=106333 http://panoramic.hos...=user&id=101324 http://www.mojmaznac...=user&id=158434 http://malabargolden...user&id=1729751 http://www.tizianaca...ist/user/87210/ http://oriflame-sara...sk=user&id=7561 http://www.hatch3d.n...k=user&id=18158 http://mixmodallog.c...=user&id=123277 http://www.vadarprod...st/user/387515/ http://www.gioiellid...=user&id=195197 http://danifoodsindo...=user&id=165271 http://www.associazi...=user&id=253020 http://salonvariacii...sk=user&id=1277 http://www.casajungl...=user&id=474462 http://oasisbusiness...=user&id=112270 http://house-of-harm...=user&id=132780 http://doy01.edu5gor...k=user&id=36489 http://ept.kiev.ua/c...st/user/184679/ http://gamenews.esy....sk=user&id=8624 http://www.masiglass...=user&id=350526 http://polikarbonmar...sk=user&id=7702 http://www.infinetwo...ist/user/76850/ http://nicotina-liqu...sk=user&id=3169 http://www.riffagenc...sk=user&id=1321 http://www.tccanterb...k=user&id=41991 http://www.classmusi...list/user/2890/ http://www.sciarapro...=user&id=294783 http://www.ateliervi...d=22425&lang=fr http://www.thelastni...=user&id=570605 http://xn----7sbochf...=user&id=436055 http://www.embutidos...k=user&id=12657 http://www.manciniea...=user&id=225920 http://atromitosmet....ist/user/44180/ http://magazin.prore...k=user&id=17418 http://consult-proek...ist/user/69376/ http://dlf.construce...k=user&id=31131 http://wisdomite.in/...user&id=1622487 http://ronforla.com/...ist/user/45322/ http://seversol.ru/i...k=user&id=51278 http://basarint.com/...=user&id=190710 http://xn-----elcbak...k=user&id=12243 http://www.autopaint...=user&id=982728 http://i4digital.com...k=user&id=15961 http://www.collettin...=user&id=268521 http://www.vacacione...d=19969&lang=es http://www.guidogior...=user&id=108517 http://conceptualsky...ist/user/77684/ http://blathnamara.i...k=user&id=52512 http://www.multi-for...k=user&id=95732 http://salonvariacii...list/user/1277/ http://www.magolarra...ask=user&id=789 http://www.etuttor.c...=user&id=107598 http://saminelectron...list/user/4062/ http://trincheradigi...k=user&id=22503 http://elbrus-trekki...k=user&id=49692 http://albastru-amen...list/user/4654/ http://www.miremont-...k=user&id=10522 http://www.lambi.com...sk=user&id=2386 http://websitepackag...list/user/1867/ http://mesbah-hedaye...k=user&id=28579 http://www.frizerski...k=user&id=61401 http://www.frizerski...k=user&id=61991 http://www.dopazo-ch...sk=user&id=4031 http://www.indovisua...sk=user&id=5702 http://cdc-center.ru...st/user/260385/ http://www.creativan...mlist/user/736/ http://nesef.info/co...ist/user/42451/ http://monster-beats...k=user&id=21579 http://www.arkaudiov...k=user&id=17214 http://mohammedogosh...k=user&id=13046 http://www.santorini...st/user/146212/ http://respaldo.huma...ask=user&id=783 http://ta-ng.com/ind...=user&id=214611 http://spyroltd.com/...=user&id=528536 http://tagsecurity.c...=user&id=246378 http://www.secasrl.i...k=user&id=66369 http://www.cattedral...st/user/117402/ http://fardafankamra...k=user&id=22470 http://intranet.heli...k=user&id=28034 http://moclam1.com/i...sk=user&id=7274 http://www.vittoriov...list/user/7295/ http://www.associazi...ist/user/68645/ http://cpsconcerts.c...=user&id=801376 http://www.smartbuil...k=user&id=93258 http://www.petrecere...sk=user&id=7944 http://tanamacoffee....k=user&id=76327 http://www.epidavros...ist/user/96001/ http://sernaplas.com...sk=user&id=1269 http://www.aksept.co...st/user/285906/ http://atcyork.com/i...=user&id=176051 http://www.mitchellr...st/user/705294/ http://www.kraaifont...sk=user&id=8198 http://duniacargo.co...user&id=1842977 http://greatescapebo...st/user/198689/ http://www.globalgro...k=user&id=25494 http://www.szcontrac...k=user&id=38418 http://www.byzantine...sk=user&id=3177 http://www.stdc-mong...=user&id=296827 http://autolaborator...sk=user&id=1220 http://hostsphere.co...sk=user&id=1203 http://www.noorifica...=user&id=289464 http://glamourweddin...k=user&id=52195 http://greenmediasol...sk=user&id=5865 http://ftiemg.com.br...=user&id=104380 http://www.rutulican...k=user&id=92660 http://tacomacityrun...st/user/913531/ http://adulttagrugby...ist/user/61898/ http://aneed.com.au/...user&id=1070037 http://vangxanh.com/...=user&id=107996 http://770307.ru/com...ist/user/23936/

#13
Eugenedrymn

Eugenedrymn

    m21deoa3

  • Members
  • PipPipPipPipPipPip
  • 828 posts
  • Gender:Male
  • Location:Gliwice
  • Interests:115413
wh0cd604945 buy tretinoin

#14
BennywaB

BennywaB

    buyjmssv

  • Senior Members
  • PipPipPipPipPipPipPip
  • 1020 posts
  • Gender:Male
  • Location:Hohenems
  • Interests:113214
wh0cd29548 Buy Seroquel

#15
Eugenedrymn

Eugenedrymn

    m21deoa3

  • Members
  • PipPipPipPipPipPip
  • 828 posts
  • Gender:Male
  • Location:Gliwice
  • Interests:115413
wh0cd764786 additional info where to buy stromectol seroquel

#16
Eugenedrymn

Eugenedrymn

    m21deoa3

  • Members
  • PipPipPipPipPipPip
  • 828 posts
  • Gender:Male
  • Location:Gliwice
  • Interests:115413
wh0cd924614 baclofen

#17
Aaronzek

Aaronzek

    qcq1pvoz

  • Senior Members
  • PipPipPipPipPipPipPip
  • 1008 posts
  • Gender:Male
  • Location:Celaya
  • Interests:131443
wh0cd541011 biaxin online

#18
BennywaB

BennywaB

    buyjmssv

  • Senior Members
  • PipPipPipPipPipPipPip
  • 1020 posts
  • Gender:Male
  • Location:Hohenems
  • Interests:113214
wh0cd477065 trazodone revia adalat clomid





Also tagged with one or more of these keywords: ABAD Thread, Progress News & Updates

1 user(s) are reading this topic

0 members, 1 guests, 0 anonymous users