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Tips to rent a house in Pakistan

jageerdarPK 02/06/2018

If anything that comes close to buying a house, then that is renting one. You can always rent a house in Pakistan to make sure you have your own independent living space without compromising a lot on the finance. Moreover, renting is a great option when you won’t stay at a place for a long time. For instance, if you are from Islamabad and need to stay for a year in Karachi, renting a house is the best option.

However, renting a house can be tricky. Here are some tips to help you with it.

Paperwork: We are listing out the points assuming that you have already chosen a house for rent. In that case, the first and foremost thing you need to make sure is in place is the paperwork. The paperwork needs to be clear and precise. It should mention all that involves the house, the owner and you. Consult a lawyer to get the paperwork done properly.

Review the agreement: Once the paperwork is done, make sure everything is in place. Review the conditions listed properly and work along it. Have a look at the restrictions to understand the policy better. A lawyer will help you understand the lease agreement properly.

Privacy: Privacy is a major concern when you rent house in Pakistan, or anywhere for that matter. Make sure the landlord understands and respects your privacy. If possible, get the matters of privacy and who uses what in written. If you live with flatmates, the mantle of privacy goes a level up. You need to make sure that everything is in place before you move in or even the first payment is made.

Repairs: Now that you are all set to rent a house in Pakistan, make sure the house is in a fair livable condition. In case there are some flaws, make sure the landlord repairs them before you move in. Regular follow-ups and keeping it in the agreement will certainly help.

These are a few tips that will help you find the perfect house to rent in Pakistan. It is important to keep all the documents related to your rented house in place. Get educated and do your research before making your first move regarding renting a house in Pakistan.

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Common home-buying mistakes people make

jageerdarPK 02/06/2018

Buying a home is one of the biggest dreams many people have. We always want to come home to the comfort and leave our stresses at the door. The same takes many looking for houses in Pakistan for sale. However, there are a few mistakes that many people commit which can lead to a nightmarish experience.

We want you to stay clear of these petty mistakes and get a house that fulfills all your dreams. Here are some common mistakes you should avoid in every way.

Paying the booking fee too early: This is one of the most common mistakes people make when it comes to buying a home. There are instances where people have paid the booking fee or token fee before the loan is approved. Without a certainty of time or loan being approved, paying the token fee can land you in a soup.

Not reading the agreement thoroughly: The agreement between the buyer and the seller is the most important document regarding your house. It lists out all that is important and essential. When you, as a buyer, don’t go through the agreement properly, you risk being a victim of forgery. A lawyer will surely help you look through the agreement properly to mark the loopholes.

Not going for location scouting: Location scouting is important to know that everything is in place. You don’t want a house in a locality that has basic amenities problem. This can happen in urban areas too. Hence, it becomes important for the buyers to check the locality thoroughly. Only after you are sure of the locality, go ahead with the purchase. These issues might not seem big, but in the long run they can turn out be a major pain.

Not going through the variable costs: There are several costs involved in buying a house. There are few fixed costs and some variable costs. It is important to discuss the variable costs with the builder or seller before finalizing any deal.

These are a few mistakes most people make when buying houses. In case you are up for houses in Pakistan for sale, make sure you have these mistakes in mind to stay clear of them.

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Common mistakes to avoid while investing in property in Pakistan

jageerdarPK 02/06/2018

Property investment in Pakistan is a great deal of business and you can get a good financial repository based on it. If you want to venture into property investment, now is a good time to do so. However, you need to be careful about it or you might end up with a little in your hand and a lot of debts on your head. There are some mistakes that both first-timers as well as seasoned professionals commit.

Here are some common negotiating mistakes several property investors commit.

Too much talk: If you talk a lot while negotiating a deal with the seller, there are more chances of committing a mistake. Let the ball stay for a longer time on the other side of the court. This will help you buy some time and understand the loopholes or flaws in the property. That is when you can bargain the best possible deal. Try to talk only what is necessary and let the seller speak.

Low offers: Some investors wish to play low by making an offer too low. This is a tempting step to get the piece of land you are eyeing for. But, it has serious repercussions. When you play a deal way too low, you risk hampering the relation with the seller. A mistrust means you might never listen from the seller ever again. It is better to do a proper market research before handing out offers. Also, keep some room for negotiation.

Give it some time: When it comes to property investment in Pakistan, most investors over-do the follow-up process. While it may look like a great way to keep your offer in the minds of the seller, it will surely backfire. Give it some time and then go through your follow-up.

These are some common property investment mistakes in Pakistan. In case you are interested in investing in the green pastures of Pakistan, make sure you don’t commit these mistakes like the ones before. Negotiating is one of the most important steps in property investment in Pakistan and elsewhere. Make sure you get the basics right before plunging into it.

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Tips for first-time plot buyer!

jageerdarPK 02/06/2018

Buying a plot is one of the best feelings one can ever imagine. It is like buying a piece of earth for eternity. (Unless, you are already planning to sell it) However, most first-time buyers have a lot of doubts and that is absolutely fair! The exciting butterflies in stomach while looking at your prospective home is often shadowed by several thoughts of anxiety and cynicism. The same holds true when you are looking at plots for sale in Pakistan as well.

Here are some tips for the first time buyer that might come in handy.

Budget: When you are out there looking for a plot to buy and visualizing your home or office on it, make sure you take the finance into consideration as well. The budget not just consists of the cost of the land, but also the other aspects like duty, insurance, registry fees.

Consult: It is important to understand the location, the plot value and other things attached to it. Everyone around you will certainly have a say about it. Though some advice would be just vague and unnecessary, you will also come across genuine advice from experienced people around. It is important to keep these tips in mind.

Time your purchase: If you want a piece of land, it is not advisable to rush in. However, delaying might have several repercussions as well. If you delay it a bit too much, there are chances that you might end up buying the same piece of land at a higher price or not even buy it. Weigh in on your chances and time your purchase to perfection for the best price.

Shop around: The last, but not the least tip – shop around. Most first-time buyers often shy from shopping around. However, that shouldn’t be the case. One needs to shop around to get the best plots for sale in Pakistan. Go ahead and look at all possible locations and real estate providers to find that “right” piece of land for you.

These are 4 tips that a first-time buyer should keep in mind before purchasing a plot for sale in Pakistan. In fact, this stands true for everyone around the globe. Get your head straight and head out to find the perfect piece of land for your dream home.

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National Assembly passes KP-FATA merger bill

RealEstate Agent 25/05/2018

National Assembly passes KP-FATA merger bill

ISLAMABAD: The National Assembly on Thursday passed a constitutional amendment billclearing the way for the merger of the Federally Administered Tribal Areas (FATA) with Khyber Pakhtunkhwa (KP) province.

Voting on each clause of the bill was concluded in the afternoon, a day after the parliamentary committee gave it their go-ahead. The bill, moved by Law Minister Chaudhry Mahmood Bashir Virk, requiredtwo-third majority to be passed.

229 members voted in favour of the constitution amendment while one voted against it. The bill was opposed by government allied parties Jamiat-e-ulema-Islam (JUI-F) and Pashtoonkhwa Milli Awami Party (PkMAP).

The amendment will bring an end to colonial-era laws governing the Federally Administered Tribal Areas (FATA), extending the writ of Pakistani courts to its districts and increasing development assistance to its residents.

“Today this house has approved a historic bill, which will have very positive effects for Pakistan. I thank the opposition for their support,” Prime Minister Shahid Khaqan Abbasi told legislators after the vote.

“We need to provide (FATA residents) with all those facilities which are available to the people in the rest of Pakistan,” he added.

The Upper House of the Parliament, the Senate, is scheduled to vote on the bill on Friday, after which it will need the signature of the president to be passed into law.

‘Bill passed with national consensus’

Prime Minister Shahid Khaqan Abbasi, while addressing the NA session after the bill was passed said that a committee worked for over two years and presented a report that had led to the constitution of the FATA implementation committee.

“The committee report was assessed by civil and military leadership including the army chief,” he said, adding that the bill was approved with a consensus of the government and opposition members.

“I am thankful especially to Khursheed Shah, Shah Mehmood Qureshi, and Farooq Sattar,” he said.

The treasury and opposition benches came together to jointly pass the bill, he said.

“We needed a national consensus, which was needed and visible,” Abbasi remarked.

Imran says passing bill ‘great victory’

After the bill was passed by the lower house of the Parliament, PTI Chairman Imran Khan said the bill’s approval was a great victory for the country.

While addressing the NA session, he said the coming time would tell that it was the right step to take.

“There was a huge gap in the tribal areas which the enemy could have benefited from. The vacuum in FATA has now been filled,” said Imran.

Congratulating the members of the house, Imran clarified that his party had represented the public in its stance on the merger of FATA-KP.

Voting

As NA Speaker Sardar Ayaz Sadiq had earlier called for voting on the clauses of the bill, 229 lawmakers voted in favour of the first clause while 11 opposed it. Meanwhile, the second clause was favoured by 229 lawmakers and opposed by three.

According to Geo News, there was an error in one of the clauses in the bill which was then amended by Pakistan Muslim League-Nawaz (PML-N) leader Zahid Hamid and approved.

“The seats for women in KP and Punjab Assembly have increased from 9 seats to 10,” Hamid explained while making the change.

Walkout

Jamiat Ulema-e-Islam-Fazal (JUI-F) and Pakhtunkhwa Milli Awami Party (PkMAP) members had staged a walkout from the assembly when voting on clauses had started.

After months of delays following disagreements between coalition partners and the opposition over its clauses, the bill on the 31st Amendment of the Constitution was tabled by Law Minister Chaudhry Mehmood Bashir Virk.

JUI-F and PkMAP opposed the bill when it was tabled while Muttahida Qaumi Movement (MQM) announced its support after expressing reservations.

PM, Imran in attendance

The NA Speaker was chairing the 56th NA session, attended byPrime Minister Shahid Khaqan Abbasi. In a rare move, Pakistan Tehreek-e-Insaf chairman Imran Khan had also attended the session to vote for FATA’s merger with KP.

Addressing the NA before the bill was tabled, PM Abbasi had said: “The FATA-KP merger bill is everyone’s bill not government’s nor opposition’s.”

I do not remember when I last attended NA session, says Imran

“The bill aims at changing the 150-year-old system in tribal areas,” the premier had added.

The House had earlier waited for more lawmakers to arrive before the bill was passed as while the government lacked attendance, the opposition was in full strength.

The House was in order despite JUI-F MNA Maulana Jamaluddin pointing out quorum.

A session of the parliamentary leaders chaired by PM Abbasi was held on Wednesday, where the leaders finally agreed upon the amendment bill for the merger.

The session was attended by Barrister Zafarullah, Senate Opposition leader Sherry Rehman, Pakistan Tehreek-e-Insaf leader Shah Mehmood Qureshi, and Aftab Sherpao. Jamiat Ulema-e-Islam-Fazl and Pakhtunkhwa Milli Awami Party members boycotted the session.

Earlier this week, the amendment was approved by the federal cabinet in a session presided over by the prime minister.

The KP assembly adopted a resolution on December 14, 2016 in favour of merging FATA with KP with the aim of rehabilitating and reconstructing the infrastructure including roads, communications, power lines, water supply, education and health facilities.

In a meeting on December 26, 2017, the federal cabinet approved the formation of a high-level national implementation committee for FATA reforms.

‘KP Assembly seats to increase to 147’

The draft bill seeks to amend seven articles in the Constitution of Pakistan to allow implementation of proposed reforms.

The bill seeks an amendment to Article 1 of the Constitution, which defines the country’s territory and mentions FATA as a separate entity along with other four provinces.

The bill also seeks to increase the number seats for the Khyber Pakhtunkhwa assembly to 147 from the current 126

Parliamentary committee agrees on amendment for KP-FATA merger

The general seats of the provincial assembly will increase from 99 to 117, the bill states. Moreover, the seats for women will be increased from 22 to 26, while religious minorities’ seats will increase from three to four.

According to the sub-section of the bill, FATA will be granted 18 general seats, four seats for women and one for religious minorities.

Moreover, FATA’s 12 seats in National Assembly will be merged in KP Assembly and KP seats will increase from 48 to 60 in the National Assembly.

National Assembly passes KP-FATA merger billNational Assembly passes KP-FATA merger billNational Assembly passes KP-FATA merger billNational Assembly passes KP-FATA merger billNational Assembly passes KP-FATA merger bill

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Pakistan to set-up a satellite development and production facility.

RealEstate Agent 16/05/2018

#PAKISTAN WILL SET-UP A SATELLITE DEVELOPMENT AND PRODUCTION FACILITY

The Government of Pakistan announced that it will establish the Pakistan Space Centre (#PSC) to spearhead the domestic development and manufacturing of satellites.

According to a report by Pakistan’s state-owned Associated Press of Pakistan (APP), the PSC will undertake its programs “in accordance with international space standards” in the coming years.

The APP also reports that Pakistan will complete feasibility studies for two new projects:

First, a second remote-sensing satellite – i.e. Pakistan Remote Sensing Satellite 02 (PRSS-02) – with “sub-meter” resolution image capture capability.

Second, the Pakistan Navigation Satellite System (PakNav), which will provide Pakistan with “independent satellite navigation for both civilian and strategic purposes”.

© QUWA

Pakistan to set-up a satellite development and production facility.

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Chief Justice Pakistan orders PIA to remove Markhor portrait.

RealEstate Agent 13/05/2018

Chief Justice Pakistan Nisar orders #PIA to remove Markhor portrait

ISLAMABAD: Chief Justice of Pakistan Mian Saqib Nisar has stopped #Pakistan International Airlines (PIA) from changing the national carrier’s livery.

Last month, PIA introduced a new livery with its logo and design to include a painting of the Markhor, the national animal, which inhabits the mountainous regions of Pakistan.

Managing Director PIA appeared before the Supreme Court on Sunday in suo motu case pertaining to the losses incurred during the past 10 years.

The CJP asked the official about the expenses for livery change. To this query, MD said approximately Rs2.7 million will be spent on one plane.

CJP Nisar then remarked that according to his information it would cost Rs3.4 million. He then directed the managing director to submit a complete report in this regard also informing the court who was awarded the contract.

Chief Justice Pakistan orders PIA to remove Markhor portrait.Chief Justice Pakistan orders PIA to remove Markhor portrait.

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PM Abbasi opens $1.4b KPT container terminal.

RealEstate Agent 13/05/2018

PM Abbasi opens $1.4b KPT container terminal #Karachi

KARACHI: Prime Minister Shahid Khaqan Abbasi formally inaugurated the most advanced Deep Water Container Terminal in the region at the Karachi Port Trust (KPT) on Friday.

The high-tech terminal was built at a cost of $1.4 billion

“The Deep Water Container Terminal has made #Pakistan a major hub for regional countries,” he said, adding that the port would also connect Pakistan to the rest of the world.

The port had successfully handled four of world’s largest containerships during test operations on December 9, 2016.

It is capable of handling mother vessels having a loaded capacity of up to 18,000 20-foot containers, terminal officials reported earlier.

The port has a capacity of handling 3.1 million TEUs (Twenty Feet Equivalent Unit) per annum, higher than the previous capacity of all container terminals in the country of 2.5 million TEUs.

PM Abbasi opens $1.4b KPT container terminal.PM Abbasi opens $1.4b KPT container terminal.

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RS6.83b allocated for ongoing transport schemes.

RealEstate Agent 12/05/2018

Rs6.83b allocated for ongoing transport schemes

KARACHI: Like other sectors, the transport sector also did not receive any new development schemes in the provincial budget for the fiscal year 2018-19 announced on Thursday.

No allocation was made in the budget for the procurement of buses for the Green Line Bus Rapid Transit (BRT) scheme. The BRT is currently under construction with funds provided by the federal government. However, after the expected completion of the BRT from Surjani Town till Gurumandir in June, the project will be handed over to the provincial government for which it will have to procure buses.

#Karachi #Sindh #PakistanRS6.83b allocated for ongoing transport schemes.

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