Day: June 18, 2023

Mangoes are among the main source of income for Pakistan’s farmers. But the recent hailstorms have delayed harvests, which were already pummelled by last year’s floods. Kamran Yousaf has the story.

Source: TRTworld.com

Pakistan’s Foreign Ministry, said yesterday that, 12 Pakistanis were identified among the survivors of a shipwreck that killed 79 people, off the coast of Greece on Wednesday.

“At this stage, we are unable to verify the number and identity of Pakistani nationals among the deceased,” Pakistani Foreign Ministry spokesperson, Mumtaz Zahra Baloch said.

She said that, the Pakistani mission in Greece remained in contact with the local authorities, for the identification and recovery of Pakistani nationals among the deceased, and providing relief to the survivors.

The identification of the recovered bodies “will take place through DNA-matching with close family members,” she added.

A deadly shipwreck happened off Greek shores on Wednesday, leaving at least 79 passengers dead, the Greek national news agency AMNA reported

Source: Nam News Network

At least 14 people were killed and over 20 others injured, when a passenger bus turned turtle in Chakwal district of Pakistan’s eastern Punjab province yesterday, police officers said.

The accident took place on the motorway near Kallar Kahar area of the district, when the driver of the bus lost control of the vehicle, due to brake failure, leading to the tragic crash, Deputy Inspector General of National Highways and Motorway Police, Muhammad Yusuf Malik, said.

At least five women and three children are among the people who have lost their lives in the accident, the officer said, adding that, the bus was on its way to Lahore, the provincial capital of Punjab, from the federal capital, Islamabad, when it met the accident.

Upon receiving the information, police and rescue workers reached the site and shifted the injured to a nearby hospital, where several passengers were said to be in critical condition.

Taking notice of the accident, Prime Minister, Shahbaz Sharif, expressed deep grief and sorrow over the loss of precious lives.

He sought a detailed report of the accident and directed authorities concerned to provide the best medical facilities to the injured

Source: Nam News Network

Are you considering investing in real estate in Islamabad? Look no further than G11, a thriving neighborhood in the heart of the city.

With its strategic location, modern infrastructure, and promising investment opportunities, G11 has become a popular choice for both local and international investors. In this article, Graana.com brings you real estate insights and investment opportunities in G11 Islamabad, providing you with valuable information to make informed decisions.

Introduction

G11 Islamabad is a well-planned and developed sector that offers investors a range of real estate options. Located in the heart of the city, G11 is known for its modern infrastructure, excellent amenities, and convenient access to major business centers, educational institutions, and healthcare facilities. The sector is divided into four sub-sectors, namely G11/1, G11/2, G11/3, and G11/4.

Location Advantage

G11 enjoys a prime location in Islamabad, making it an ideal choice for real estate investment. It is situated close to major highways, including the Kashmir Highway and the Islamabad Expressway, providing easy connectivity to other parts of the city. The sector is also in proximity to the Islamabad Stock Exchange, Blue Area, and the Centaurus Mall, adding to its commercial significance.

Residential Options

G11 offers a diverse range of residential options to cater to the varying needs and preferences of investors. The sector features well-designed houses, apartments, and plots for construction. Whether you are looking for a luxurious villa or a compact apartment, G11 has something for everyone.

The housing units in G11 are equipped with modern amenities, ensuring a comfortable lifestyle for residents. If you are searching for a house for sale in G11, you will find a wide selection of properties to choose from.

Commercial Investments

Apart from residential properties, G11 also presents lucrative opportunities for commercial investments. The sector has commercial areas where you can find shops, offices, and commercial plots. These commercial spaces attract businesses, entrepreneurs, and retailers, creating a vibrant and dynamic commercial environment.

Infrastructure and Facilities

G11 boasts excellent infrastructure and facilities, further enhancing its appeal as a real estate investment destination. The sector has well-paved roads, streetlights, and a reliable water supply system.

Additionally, it offers amenities such as parks, mosques, schools, hospitals, and shopping centers, providing residents with a convenient and comfortable lifestyle.

Price Trends and Growth Potential

Over the years, G11 has witnessed steady price appreciation, making it a promising investment option. The sector has experienced consistent growth, attracting investors seeking high investment returns. The strategic location, coupled with infrastructure development, has contributed to the upward trend in property prices in G11.

The average price of a residential plot in G11 varies depending on the size, location, and amenities. If you are looking for a house for sale in G 11, Islamabad, it is advisable to consult with real estate agents to get accurate and up-to-date pricing information.

Rental Yield and Return on Investment (ROI)

Investing in G11 can yield attractive rental returns due to the high demand for rental properties in the area. The presence of educational institutions, hospitals, and commercial centers ensures a constant influx of tenants. Moreover, the potential for capital appreciation adds to the overall return on investment.

Future Development Plans

G11 is continuously evolving and expanding, with several future development plans in the pipeline. The authorities are focused on improving the existing infrastructure and introducing new amenities to enhance the living standards in the sector. These development initiatives further contribute to the growth potential and long-term value of investments in G11.

Legal Considerations for Investors

Before investing in real estate in G11, it is essential to understand the legal aspects and regulations governing property transactions. It is advisable to consult with a reputable real estate lawyer to ensure a smooth and legally compliant investment process. Familiarize yourself with the documentation requirements and conduct due diligence to mitigate any potential risks.

Risks and Challenges

While G11 offers promising investment opportunities, it is essential to be aware of the risks and challenges associated with real estate investment. Fluctuations in market conditions, regulatory changes, and economic factors can impact property values. It is crucial to conduct thorough research and seek guidance from experts to make informed investment decisions.

Tips for Successful Investment

To maximize your investment potential in G11, consider the following tips:

Research the market trends and future development plans.

Assess your budget and financial capabilities.

Seek advice from experienced real estate professionals.

Diversify your investment portfolio.

Regularly monitor the market and stay updated on industry news.

Evaluate the rental yield and potential capital appreciation.

Comparison of Property Prices in G 10 Islamabad

When comparing property prices in G 10 Islamabad, it is important to consider various factors that influence the value of real estate in the area. G 10, like its neighboring sector G11, is a well-established and sought-after location for investment. The sector offers a range of residential options, including houses, apartments, and plots for construction.

The prices of houses for sale in G 10, Islamabad vary depending on factors such as the size, location, amenities, and overall demand in the market. It is advisable to consult with real estate agents or conduct thorough research to get accurate and up-to-date pricing information for properties in G10 Islamabad.

Source: Pro Pakistani

The Finance Ministry has directed AGPR to stop the Executive Allowance of the Auditor General of Pakistan officers.

The ministry has written a letter with regard to the stoppage/ recovery of Executive Allowance granted outside the federal secretariat.

It has been observed by the Ministry of Finance during the examination of the expenditures statement of the Federal Consolidated Fund that several departments outside the Federal Secretariat including AGP are drawing Executive Allowance.

In terms of Finance Division’s Office Memorandum F. No.10(02)R-312018-297 dated 19-07-2022 and 17-02-2023, only the employees in BPS 17-22 (excluding Private Secretaries) of the Federal Secretariat are entitled to draw the Executive Allowance Federal Secretariat means Ministries and Divisions only, as defined under rule 2(vii) read with Schedule-I of the Rules of Business, 1973.

You are advised to direct AGPR and its sub-offices to review the expenditure statements of the Federal Consolidated Fund and ensure that no one not expressly authorized is granted the Executive Allowance, the letter says.

It is also requested to stop such payments forthwith and ensure recovery of the payments already made. Needless to mention that the power to grant Executive Allowance rests with the Federal Cabinet, on recommendations of the Finance Division, only, it adds.

It is pertinent to note that the Public Accounts Committee (PAC) also directed the finance division to release Executive allowance for AGP officers but so far, the ministry has not complied with the PAC instructions.

Source: Pro Pakistani