KARACHI, 18 OCTOBER 2016: The property market is still reeling after the Finance Bill 2016 sent shockwaves through the sector. In July, the real estate market recorded a downturn in activity and price performance, but things look better in August. The cost to transfer properties is set to increase by up to 200 percent as a consequence of the new property evaluation method. Buyers have suffered a drop in confidence.
KARACHI, 4 OCTOBER 2016: Exciting announcement today as Lamudi Pakistan has teamed up with Standard Chartered Bank to support the people of Pakistan in getting finance for a new dream home. One of the priority activities home hunters undertake is getting the finance for their house purchase. The procedure can be complicated so Lamudi Pakistan has enhanced their website by adding an easy-to-use loan calculator; which is conveniently located
KARACHI, 27 September 2016: In Pakistan, design trends change quickly so to get a grasp of the ever evolving fashion movements, we sent out a few men on the ground to find out what is hot in home decor in Pakistan. Basements are back If you are privileged enough to have a basement in your home, you may have the potential to convert this space into a living room. But
KARACHI, 16 September 2016: Pakistanis living overseas are a key contributor to the real estate economy in the country but are recent tax changes discouraging these invaluable investors? After four years of acting like a bull, the real estate market in Pakistan appears to be cooling down, according to analysts at Lamudi.pk. Industry experts point to the amendments to Section 68 of the Income Tax Ordinance 2001 that became
The New China-Pakistan Economic Corridor (CPEC) could be a “game-changer” for Pakistan and indeed for South Asia said Nawaz Sharif, in the first address of the CPEC Summit and Expo. The much anticipated two-day event which took place at the Pakistan-China Friendship Center in Islamabad was attended by key politicians, business leaders, and delegates from both countries. The inaugural session welcomed the Chinese Ambassador to Pakistan, Mr Sun Weidong and
Fashion brand, Crimson celebrated the successful launch of their latest luxury unstitched collection, Crimson Luxe by Saira Shakira, in collaboration with designer duo Saira Shakira through a meet and greet at Cosa Nostra, Lahore on August 24, 2016. The event was well-attended by prominent personalities from the fashion industry including models, designers, socialites and media personalities. The décor was done by Sundus Mustafa of Whimsical Parties, with PR by Amjad
KARACHI, 25 August 2016: Internet penetration is beginning to accelerate in Asia’s emerging markets. While smartphones are widespread in many Asian countries, in others, the smartphone revolution is just beginning. Tech startups in the Pakistan seem to be racing ahead, whereas in countries such as Myanmar, there are larger obstacles to overcome. Within Asia’s emerging markets, which startups are making waves in this smartphone era?
Pakistan’s rapid urban population growth is causing a severe housing shortage—estimated to be in the region of 10 million units—and demand continues to grow at a rate of 0.7 million units per year. The urban housing shortage is somewhere in the region of 3.5 to 4 million units, most of which is in the economically weaker segments of the housing market. Dr. Ishrat Ul Ebad Khan, the governor of
[Lahore: August 10, 2016] Luxury fashion brand, Crimson is collaborating with designer duo Saira Shakira to present their collection Crimson Luxe featuring Sanam Saeed, one of the leading actresses of the Pakistani film industry, as the face of the campaign. This collection is set to launch nationwide at the end of August 2016. Crimson Luxe by Saira Shakira features 12 unstitched designs on luxury fabrics such as chiffon, silks, hand
KARACHI, 28 JULY, 2016: All over the world, the internet is changing societies; from how people book their holidays to how they purchase property. In the real estate industry, the internet has already made huge waves. The movement away from traditional methods for searching for property and towards a digital approach is particularly noticeable in the emerging markets. This trend parallels the rise in internet penetration in emerging markets, particularly