Business

LAWS THAT FOREIGNERS NEED TO KEEP IN MIND WHEN BUYING PROPERTY IN ASIA

KARACHI, 3rd March 2017: In an increasingly globalized world, people are travelling more than ever. Those who travel often consider buying property abroad, many in Asia. However, those wishing to invest in property in other countries should bear in mind local laws and restrictions on acquiring real estate. Are you interested in purchasing a condo in the Philippines? Perhaps a coastal villa in Galle, Sri Lanka? Or maybe a luxury

Tax Amnesty and Pakistan’s Improving  International Reputation

KARACHI, February XX, 2017: On the 6th of December, the Federal government of Pakistan (FBR) approved a one-time tax amnesty scheme giving a unique chance to owners of real estate to make their immovable property good in the eyes of the tax man. But, what impact will this have on the country’s real estate market? The main points of the recently approved tax amnesty are: The buyer of the property

INNOVATIVE APP FOR REAL ESTATE AGENTS

KARACHI, February 22, 2017: Real estate agents need to be able to manage their listings reliably, fluidly, and on the move; especially since real estate is moving online. The new version of property portal Lamudi’s app brings real estate agents an efficient and highly functional way of listing and selling properties.   An app for real estate agents in emerging markets A typical day in the life of an agent

Faysal Bank Partners with K-Electric to Facilitate Customers

Karachi – February 14, 2017: One of the leading banks of Pakistan, Faysal Bank Limited has partnered with K-Electric (KE) to facilitate customers seeking new connection. The collaboration will now enable customers to deposit funds against new electricity connection through all the branches of Faysal Bank.   In addition to paying their regular monthly bills, customers can now also deposit funds against new KE connection at all Faysal Bank branches

Faysal Bank signs two agreements with Adamjee Life Assurance Company Ltd.

PAKISTAN, Karachi 9th February 2017: Faysal Bank one of the leading banks of Pakistan has recently signed two agreements with Adamjee Life Assurance Company Ltd. According to this agreement, Faysal Bank will now offer additional Adamjee Life Assurance products to its existing and potential customers through its widespread distribution channels. The products will include both Conventional and Takaful Plans. The Agreement was signed by Mr. Fouad Farrukh, Head Retail Banking

CAFE LATCH INTRODUCES THEIR NEW BRUNCH MENU

[Lahore, February 2017]: Café Latch, a gourmet cafe located in one of the Lahore’s popular locales for high-end eateries, has introduced brunch as part of their menu through an event hosted at the Cafe. The Cafe has introduced a variety of additional items on the menu as part of brunch namely Truffle Fries, Chicken Tacos, Fajita Omelette, Eggs Sunny Side Up, Scrambled Eggs on Croissant with Smoked Salmon, Eggs Benedict,

Stable Interest Rate Will Stimulate Property Market

KARACHI, February 08, 2017: The benchmark interest rate in Pakistan remained fixed at 5.75 percent in January 2017. The State Bank of Pakistan (SBP) decided for the fourth consecutive time to leave the rate unchanged in a bid to keep economic growth alive in a stagnating inflationary environment. So how will this affect homeowners? The mortgage market is still in its infancy in Pakistan that is despite the SBP setting

UBL Funds &1LINK Sign Agreement to Facilitate Online Investment in Pakistan

PAKISTAN, Karachi, 2 February 2017: UBL Fund Managers Limited (UBL Funds) has signed an agreement with 1LINK (Guarantee) Limited (“1LINk”), the largest banking Switch in Pakistan, to facilitate investors through the launch of ‘UBL Funds-Online Investment’ facility. The launching ceremony was held at UBL Funds’ Corporate Office in Karachi. Under this partnership, UBL Funds is enabled at 1LINKthrough which UBL Funds’ investors can avail digital payment services over a period of

The Future of Asia’s Online Real Estate Market

KARACHI, January 11, 2017: 2016 was a year of change. For many, it was a year of turbulence, and for others, it was a year of prosperity. But what do the events of last year mean for the real estate market of the future? What predictions can be made for 2017? How is technology shaping the face of Asian online real estate in particular?   Looking forward to the year

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