Pakistan

Punjab greenlights Rs100b Innovation City project | The Express Tribune

Published

6 مہینے ago

مارچ 13, 2024

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LAHORE:

The government of Punjab has announced that it has categorically approved the long-awaited Innovation City project in Lahore, a Rs100 billion development plan, with a scope of generating one million jobs.

The project has the potential to redefine the landscape and become a growth engine of Punjab’s provincial capital. However, even in the previous tenure of Mian Shehbaz Sharif as Chief Minister of Punjab, this venture was unable to materialise.

Previously, the Lahore Knowledge Park Company was executing this mega project, but the development and implementation of this city, now renamed as ‘Nawaz Sharif Innovation City’, has been shifted to the Punjab Central Business District Development Authority.

On Tuesday, Chief Minister Punjab Maryam Nawaz Sharif gave approval and allocated Rs10 billion as seed money for this project.

Read: Ministry releases Rs129b for development projects

The project will be divided into four key segments. The first is the IT city, where an Information Technology and Technology district will be developed on 200 acres of land. Once completed, this will be the country’s first dedicated IT and tech mega district with state-of-the-art allied facilities for development and exports of IT-related products and services. The project is positioned as a focal point for leading IT companies such as Microsoft, Oracle, and renowned international educational institutions.

The other key segment is the Education City, where collaborations with foreign universities for quality education and research and development work will be materialised. The third is Film City, where modern studios, production houses, and allied artistic facilities will be developed for creating a complete entertainment ecosystem.

The last segment is the commercial and residential area, where modern living facilities coupled with world-class amenities will be offered. The entire project will have proper road, water, and sewerage infrastructure with allocated space for parks and green areas.

The entire project will have special economic zones, with a tax holiday for 10 years. The authority’s revenue models include self-generation, Joint Ventures, and REI. Estimates suggest that around Rs400 billion worth of investments will be attracted in the form of Public-Private-Partnerships and Joint Ventures.

Experts in the IT, education, and infrastructure sectors say that the success of this mega project depends on how quickly they materialise what they are promising. “We have previously seen that this project, then called the knowledge city, failed to materialise as promised. This time, its name has changed but the offerings are almost the same. This is a huge project, which surely needs active participation from foreign companies, firms, individuals, educational institutes, and film production houses. In addition, the province has to tackle interdepartmental and structural issues and other bureaucratic hurdles.”

However, they added that if completed successfully, this project can drive the provincial economy and make it a perfect investment hub for foreign companies to do business and for universities to collaborate on research and development and other allied studies.

Published in The Express Tribune, March 13^th, 2024.

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Pakistan

Honda CD70 Dream Latest Price, Installment Plans – Sep 2024 Update – Pakistan Observer

Published

1 گھنٹہ ago

ستمبر 20, 2024

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Honda remains leader in bikes market, with its top-selling units like CD 70, and that’s without making any major changes as the entry-level bikes look almost same for a long time. As the CD-70 remains its most selling model, bikes like the CD-70 Dream and Pridor are considered a niche products.

Despite failing to achieve top sales, CD 70 Dream is still in the market, featuring air-cooled, 4-stroke engine that delivers smooth performance and impressive fuel economy, often averaging around 60-70 km/l, making it ideal for daily commuting.

The bike looks better with stylish and modern design with attractive graphics, as compared to simple CD70. People also like its comfort as built quality remains optimum, comparing to other players.

Its pricing makes it accessible to a wide audience, including students and working professionals, solidifying its status as a favorite among motorcycle enthusiasts in Pakistan.

As bikes prices remain out of hands, people are having hard time to upgrade their ride while companies also face low sales.

Honda CD 70 Dream Price

The price of Honda CD70 Dream is Rs168,900 in September 2024.

Honda CD 70 Dream Installments

Installment Plans	Monthly Payments
3 months	Rs56,300
6 months	Rs28,300
9 months	Rs21,890
12 months	Rs17,200
24 months	Rs10,170
36 months	Rs7,800

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Check Property Ownership in Lahore, other Punjab cities Online – Pakistan Observer

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2 گھنٹے ago

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If you live in Lahore or any other city in Punjab; you might have faced difficulties in getting land record in previous years, but now the government made the land verification process smooth with digitization.

To curb the menace of land mafia and to help residents of Punjab, the government rolled out a systematic process and also eased the process of property transfers and real estate transactions.

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Suzuki Bolan discontinued in Pakistan after 36 years; Here’s replacement for ‘Carry Dabba’ – Pakistan Observer

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LAHORE – Finally, it’s time to say goodbye to the iconic Suzuki Bolan as Pak Suzuki pulled plugs to replace the minivan with another model. Over the last 3.5 decades, Suzuki Bolan enjoyed decent sales and was valued for its flexibility, serving a multi-passenger vehicle and for commercial purposes.

Amid shift in auto landscape in Pakistan, Bolan becomes latest drive to be discontinued after Suzuki Mehran, which you can still spot.

Pictures of Suzuki Bolan’s last batch surfaced online, and Pakistanis hit nostalgia as many grew up in this vehicle. The final chassis number marked as 01151691. The country’s oldest automaker and maker of Bolan also confirmed discontinuation of the 800cc Carry Dabba.

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