DHA Lahore Bahria Town Map Plots Houses Buy Sell Rent Property Prices

Detail OF Illegal Housing Schemes Falling In Rawalpindi Development Authority’s (RDA) Jurisdiction
S. NO. Name Of Housing Society Name Of Developer / Management Committee (Complete Address)
1. National Town. Main Muhammad Waseem Project Manager, National
Town DD 654, National Plaza, Shamsabad, Rawalpindi.

2. City Modal Town. Raja Mohammad Azad Khan, 65 Poonch House, Adam Jee
Road, Rawalpindi.
3. Gulshan-e-Iqbal. Raja Shahid, Site Office Gulshan-e-Iqbal, Mouza Mohri
Ghazan, Dhamial Road, Rawalpindi.
4. Khayaban-e-Millat. Sh. Mukhtar Ahmed
K-5, Murree Road, Rawalpindi.
5. OGDC Town Adyala Road. Tasneem Ahmed S/O Niaz Ahmed
OGDC Employees Co-Operative Housing Society, Mouza
Dahgal, Adyala Road, Rawalpindi.
6. Radio Colony. Mian Tariq Din General Secretary Azad Kashmir Radio
Co-Operative Housing Society, 21 Asam Plaza, Murree
Road, Rawalpindi.
7. Gulshan-e-Ali. Sh. Mohammad Ali, Wattan Builders, M-21, Murree Road,
Rawalpindi.
8. Janjua Town. Altaf Hussain Janjua, H. No. 66, Street No. 4, Mohallah
Officers Colony, Rawalpindi.
9. Jinnah Town Khyber Housing
Society.
Ch. Tariq Mehmood Toor S/O Ch. Hanif Ali Toor,
H. No. P/698, Said Pur Road, Mohallah Angat Pura,
Rawalpindi.
10. Samarzar housing Project. Sardar Farooq,
House No. 626, Sector I-10/4, Islamabad.
11. Khayban-e-Quaid. Ghulam Nabi Khan S/O Haji Ghulam Mohammad Khan,
House No. C-169, Mohallah Chishtiabad, Rawalpindi.
12. Hamza Town. Raja Zahid & Raja Mumtaz, Rajco International Property
Consult, Office No. 3, Shahid Market Near Samarzar
Colony, Adiala Road, Rawalpindi.
13. Gulberg Town Adiyala Road. Maqbool Ahmed S/O M. Amin International Housing (Pvt)
Ltd., 1st Floor, Al-Amin Plaza, Mall Road, Rawalpindi.
14. Lawyers Co-Operative housing
Society.
Ch. Nasrullah Khan, President, Lawyers Co-Operative
Housing Society, Lawyers Chamber No. 2, Block No. 17,
District Court, Rawalpindi.
15. Gulrez Housing Scheme. Ch. Rasheed Ahmad, Gulrez Welfare Society, Gulrez
Housing Scheme, Mouza Kotha Kalan, Rawalpindi.
16. Rasool Town. Capt ® Azhar Rasool Qureshi S/O Tariq Rasool,
2nd Floor, Askari Plaza, 266 Kashmir Road, Rawalpindi.
17. Silicon Valley. Mr. Tahir Javed, Chairman Urban Developers (Silicon
Valley) Chartered Town Planner, 90, 1st Floor, Razia
Sharif Plaza, Blue Area, Islamabad.
18. Al-Haram City-II. Ch. Muhammad Akram Manger, Office No. 44, 1st Floor
Mian Plaza, Near Chandni Chowk, Murree Road,
Rawalpindi.
19. Islamabad Telecommunication City
Housing Scheme.
Mr. Muhammad Ikram, 2nd Floor, Ratta Mansion, Fazal-e-
Haq Road, Blue Area, Islamabad.
20. Garden Town Ship/Madina Tus
Salam.
Mr. Mohammad Zafar Iqbal,
H. No. 312, Street-21, Sector I-9/1, Islamabad
Rana Mohammad Azad,
Office No. 7, Gulshan Plaza, Murree Road, Rawalpindi.
21. Airport Employees Co-Operative
Housing Scheme.
President, Airport Employees Co-Operative Housing
Society, Airport Link Road, Behind Gulzar-e-Quaid,
Rawalpindi.
22. Sanghar Town. Mr. Mobeen Sabir & Mr. Shoukat Abbasi, Sanghar Town,
Mouza Gangal, Service Road, Near Mangral Town,
Rawalpindi.
23. Fazal Town Phase-II. Haji Fazal-ur-Rehman, Fazal Town Phase-I, Near Tabish
House, Airport Link Road, Chaklala, Rawalpindi.
24. Palm City. Malik Ghulam Mahboob, Malik Atta & Rao Sami Ullah,
House No. 106, Kiyani Street, Ayub Colony, Khayaban-e-
Tanveer, Near Chaklala Scheme-III, Rawalpindi.
25. Lawyers Town Ship. Mr. Sikander Bhatti, President Lawyer Township Co-
Operative Housing Society Chaklala Ikran Law Associates,
North Star Plaza, Murree Road, Rawalpindi.
26. T & T Colony Morgah. Razaq A. Mirza, President T & T Housing Society, 53 B
Haider Road, Near GPO Saddar, Rawalpindi.
27. Al-Muslim Estate. Ch. Muhammad Aslam, Al-Muslim Estate, Main Markaz
Gulshan-e-Abad, Adayala Road, Rawalpindi.
28. Jabbar Colony. Mr. Jabbar Khan S/O Ameer Khan, H. No. 33-34, Chaklala
Scheme-III, Rawalpindi.
29. Usman Block. Haji Fazal-ur-Rehman, Fazal Town Phase-I, Near Tabish
House, Airport Link Road, Chaklala, Rawalpindi.
30. Jubilee Town. Raja Shahid, Site Office Gulshan-e-Iqbal, Mouza Mohri
Ghazan, Dhamial Road, Rawalpindi.
31. Federation of employees
Cooperative Housing Scheme.
Room No. 10, 1st Floor, Railway Society Plaza 43, Allama
Iqbal Road, Ghari Shahu, Lahore.

LAHORE: Model Town Society members are pressing the Town Municipal Administration to select a new location for the area’s Sunday Bazaar so they can push ahead with a plan to boost local commercial activities, The Express Tribune has learnt.

The Model Town Sunday Bazaar is currently located in K-Block, but its future there is uncertain because of a land dispute. About half the land is owned by the Lahore Development Authority and the other half by private individuals, who do not want a Sunday Bazaar on their plots. The matter is pending in court.

“Multinationals like Standard Chartered Bank, Unilever, Zong and others would start commercial activities in the Sunday Bazaar if it were in a permanent location,” said Saffura Perveiz Bhatti, a social activist who is one of the society members at the forefront of the push for relocation of the bazaar and a long-time Model Town resident.

Bhatti said she was one of the founders of the Sunday Bazaar in Defence in Karachi, which was originally a private venture. That bazaar has grown into one of the biggest markets in South Asia, she said, and she wants changes made at the Model Town Sunday Bazaar too.

“The bazaar has already been transferred several times. First it was in D-Block, then G-Block. Now it’s in K-Block but the case is in court. All this shifting has made it impossible for society members to invite multinationals for commercial activities,” she said. Bhatti said that Model Town Society members had asked Gulberg Town Officer (Regulation) Faisal Shahzad to frame a proposal for the transfer of the Sunday Bazaar to M-Block, where it could also serve the residents of Garden Town and Faisal Town. The Model Town Society would then arrange for commercial activities at that bazaar, as at the bazaar in Defence, Karachi, or in I-9, Islamabad, she said.

District Coordination Officer Ahad Cheema said that he would approve any project that was beneficial to the Sunday Bazaar visitors and which improved facilities. “We would certainly consider it after examining the project thoroughly. If the residents and shoppers are happy, the LDA would be directed to allocate land for the bazaar,” he said.

By Saad Khan

KARACHI: While re-emergence of debt crisis has sent shock waves around the world, the extended Eid holidays proved to be the blessing in disguise for the local financial markets. Though no listed company or government has direct exposure to two Dubai entities, which are deferring debt repayment, but there are some implications on the local economy.

The crux of the story is that Dubai, which is the second largest of the total seven states constituting United Arab Emirates, borrowed through its companies around $80 billion to fund a mega plan to transform itself into a financial and economic hub over the last 4 years. The front-liner for the government of Dubai is the state-owned company Dubai World, which stands with around $60 billion in debt now, which is not guaranteed by the government. Major banks exposed to Dubai are HSBC and RBS with over $16 billion and $2.0 billion, respectively while UK is the most exposed country with overall $50 billion in exposure to Dubai.

To pursue its plans, Dubai issued a number of Islamic bonds through state-owned companies i.e. Limitless World and Nakheel World, which are Dubai World’s property units, having a total of $26 billion in debt. The implicit announcement that the entity would run out of cash when the repayment of $3.5 billion on bonds of Nakheel become due in December 2009, sent world markets in chaos. However, the recovery was equally strong as market rebounded amid government’s restructuring of debt of $6 billion with a maturity extending up to May 2010. The reaction from the world was due as Dubai is the region’s financial and trading hub. Also, the fear that it would add to banks losses further to an already $1.7 trillion. Last year, the peaking of world financial crises led by a sharp decline in property prices also made a hard dent on Dubai World’s investments as property prices are down 45 to 50 percent YoY as of last quarter. The only and conventional rescue for Dubai is expected through UAE’s central bank with a fund of $20 billion.

Implications for Pakistan: Unlike other countries, the local economy is well shielded with the recent Dubai debt fiasco as no local financial institution has exposure in Dubai firms. However, in the last few years UAE has turned out to be one of the largest investor in Pakistan with a share of 5 to 10 percent in total FDI received during last 2 years. Economic slowdown as a result of default-like situation may hurt inflows of FDI from UAE.

“Flow of workers remittances in consequence of massive job cuts in UAE can be affected, as UAE’s share in money coming through remittances in Pakistan was 22 percent last year,” Khurram Schehzad, analyst at InvestCap believed.

In order to balance its external gap and to tap the excess liquidity, Pakistan was planning to launch a sovereign bond after success by the Sri Lankan government. However, with rising risk aversion the spreads of bonds over benchmark has increased after the emergence of Dubai debt issue. The price of Pakistan dollar bonds has come down by 2-3 percent after the Dubai debacle as investors preferred to transfer funds from frontier and emerging economies to safe havens.

The Dubai based companies and groups operating in Pakistan and listed in the stock market will not be affected by the crisis.

“However for UBL there are some indirect implications because 27 percent of UBL’s earnings (before tax) are from UAE and any sharp slowdown will affect the quality of assets of UBL,” Farhan Mahmood, analyst at Topline securities said.

“All in all, we expect some negative impact on local bourses due to rising risk aversion.” Foreigners with 24 percent share in free float may trim down some of their holding after the Dubai debacle ahead of year-end, he predicted.

“This is not a major event as in July Standard and Poor’s downgraded ratings of the companies involved in the crisis,” said Sayem Ali, country economist at the Standard Chartered Bank. However, the surprise is that the Dubai government is reluctant to bail out these companies.

“This step of Dubai government is a prudent one as companies will remain cautious in spending and make long-term sustainable investment plans,” Ali said.

Commenting on the crisis’s implications for Pakistan, he said, “This crisis will not have any major negative impacts for FDI and remittances inflow in Pakistan.”

Regarding the exports of Pakistan to Dubai, Farhan believed that Pakistan’s exports are less sensitive to the downturn in the UAE with only 7 percent share (5.5 percent to Dubai).

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