London red bus campaign promotes Lahore for foreign investment
CategoriesInternational News News

London red bus campaign promotes Lahore for foreign investment

London red bus campaign promotes Lahore for foreign investment

LONDON – The city of Lahore has been projected globally in London as a private real estate company has launched its campaign in several parts of London to showcase the rich heritage of Lahore on 150 of London’s iconic red buses to promote ‘LAHORE – The Heart of Pakistan’.

On some of the busiest routes of London, 150 buses carrying the banners of LAHORE – The Heart of Pakistan’ will pass through London till the middle of November 2021.

Diyar Homes, the developers of the $30 Million luxury real estate development One Canal Road, Lahore, who recently announced their collaboration with leading Italian fashion house VERSACE Ceramics, are behind the launch of mega campaign on 150 of London’s iconic red buses to promote Lahore as the travel and investment destination.

The red London buses carrying ‘LAHORE – The Heart of Pakistan’ pass from outside UK Parliament, 10 Downing Street, Edgware Road, Oxford Circus, Trafalgar Square, Park Lane, Bond Street, South Kensington, East London, Embankment and Willesden Green.

Director of Diyar Homes UK Shaan Abbas speaking to the media at the launch of buses said that Lahore has undergone a $10 Billion urban transformation in recent years cementing its place as the cultural and economic heart of Pakistan.

“It’s the preferred investment destination of Pakistan and this is the message we wanted to give to the world from London, the global capital,” he said.

Shaan Abbas said that London’s iconic red double-decker buses are carrying brand Lahore on the roads of Central London, the hub of world tourists.

During four weeks, millions will see these buses depicting the diversity and beauty of Pakistan, he said.

He said the moving buses are creating an unparalleled lasting visual impact on millions of pedestrians and motorists alike, especially the tourists.

Shaan Abbas said the bus wrapping campaign aims to introduce foreign tourists to the beautiful land of Pakistan that still remains unexplored.

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Lower Interest Rates, government incentives pour investment in construction sector
CategoriesConstruction National News News

Lower Interest Rates, government incentives pour investment in construction sector

Lower Interest Rates

LAHORE: The federal government’s decision to incentivise the construction sector has opened avenues for investments in many sectors. Pakistan Tehreek-e-Insaf (PTI) government adopted a number of measures to facilitate the sector in a bid to encourage private investment.

The government not only toned down its taxation ratio for land transfers but the measures taken to prevent several different departments’ interference and inquiries into sources of income from the investors also boosted investment in the construction sector, The Express Tribune reported on Saturday.

Since the last one month, land prices in major cities have been increasing, especially in areas where construction is allowed. Moreover, lower interest rates have also led many Pakistanis to transfer their funds from banks or savings accounts towards real estate.

According to reports, land prices of Lahore Defence Housing Authority (DHA) have increased by 30 percent in one month along with rental rates of housing properties.

Following the PTI government’s early days in office, the real estate market was in turmoil as investigations into the source of income created panic among investors and badly impacted the sector. The circulation of money stopped, and a trickle down effect was visible in nearly all other sectors of the economy as money circulation, both black and white, is much larger than any other segment of the economy.

Overseas investors now have a legal cover as well if they wish to put their money in real estate or construction sector. The State Bank of Pakistan (SBP) has also given its directions in favor of overseas investors in this sector.