2016

Karachi to become a City in the Clouds

KARACHI, XX DECEMBER 2016: At the moment, Bahria Town Icon (938 feet) is the tallest building in Karachi and Pakistan. It stretches 62 stories has ten floors of offices, 40 floors of apartments, and Pakistan’s highest terraced restaurant—the Altitude. But this is only the tip of the iceberg as over 100 high-rises are currently under construction that will raise the altitude of Karachi to never-before-seen heights.   One of the

Cement Exports Fall Amid Real Estate Crisis

KARACHI, XX DECEMBER 2016: In 2015, Pakistan’s cement industry thrived but things have not been so rosy this year despite a positive outlook at the start of the year.   Cement exports fell by 10.39 percent in November 2016, according to figures released by the All Pakistan Cement Manufacturers Association (APCMA); partly due to growing competition from Iran, who have gained a foothold in the Afghanistan market.

Paying a Premium to Live Safely in Lahore?

KARACHI, XX NOVEMBER 2016: Recently it has become official that Lahore is safer than Karachi when it comes to overall crime and city-wide safety. The findings come from a November 2016 report by Numbeo where the level of crime in Karachi is reported as a high 77.72 compared to 59.38 in Lahore. Islamabad, the country’s capital, scored a 35 rating meaning it is low for crime.   In terms of

Lamudi Releases Quarterly Real Estate Report for Lahore

KARACHI, 24 NOVEMBER 2016: We wrap up quarter three with mostly positive price increases which represent a healthy real estate market. Plots and houses in core DHA projects have remained popular with steady demand. The newly built houses in DHA housing schemes have maintained constant demand given their high investment potential and central location. Plots prices surge in DHA Plots in the popular DHA housing schemes

Will Trump Blow it All Up?

KARACHI, November 10, 2016: So it actually happened, Donald Trump is the elected president of the most powerful nation in the world. There is a definite sense of Deja-Vous about the whole scenario with many voters in Great Britain experiencing the same shock back in June when Britain voted to leave the European Union (Brexit).

China’s Silky Smooth Global Expansion

KARACHI, 7 NOVEMBER 2016: The Chinese construction juggernaut is rolling through Central Asia at a breakneck speed, reviving the once famous Silk Road. The One Belt One Road initiative is an attempt by the Chinese government to refocus its overextended domestic industries. The project which launched back in 2014 has a war chest of $40 billion, a small chunk of China’s deep foreign exchange reserves.   They are casting their

Most Famous Haunting Cemeteries in the World

KARACHI, October 25, 2016: On the 31st of October the Western world will celebrate the old pagan festival of Halloween. This ancient Pagan festival originated in Ireland as a Celtic harvest festival—known as Samhain in Gaelic.   But for every other day of the year departed souls are remembered in places called cemeteries or graveyards, many of which are big tourist attractions famous for the celebrities’ graves that they house.

Pakistan Property Market Set to Bottom Out

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.

Strategic Partnership Makes Buying a Home Easier

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

Four Exciting Home Decor Design Trends

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