Latest news with #BlueWorldCity
Arab News
27-05-2025
- Business
- Arab News
Pakistan extends deadline to bid for national airline to June 19
KARACHI: Pakistan has extended the deadline for expressions of interest (EOI) in purchasing Pakistan International Airlines (PIA) to June 19, the country's privatization ministry said on Tuesday. Cash-strapped Pakistan is seeking to privatize the debt-ridden PIA to raise funds and reform state-owned enterprises, as outlined in the $7 billion International Monetary Fund program secured last year. The earlier EOI deadline was June 3. 'The deadline for submission of Expressions of Interest and Statements of Qualification for 'Divestment of Pakistan International Airlines Corporation Limited through privatization' has been extended till 16:00 hours on Thursday, June 19, 2025,' the ministry said in a statement. 'The remaining terms and conditions shall remain the same.' Speaking to Arab News, a ministry official said on condition of anonymity the deadline had been extended due to Eid Al-Adha next month along with 'the recent crisis situation.' Asked if by 'crisis' he meant the recent India-Pakistan military standoff and the ensuing tensions, he concisely responded, 'yes.' Pakistan has been seeking to sell a 51 percent to 100 percent stake in the debt-ridden carrier to raise funds and reform cash-draining state-owned enterprises. The final bidding round for the privatization of PIA last October drew only one offer of $36 million for a 60 percent stake in the national flag carrier. Although the government had pre-qualified six groups in June, only the real estate firm Blue World City submitted a bid, which fell significantly short of the government's minimum price of $303 million. Potential bidders raised several concerns, including lack of policy continuity, uncertainty around contract enforcement, inconsistent government communication and unfavorable terms and taxation in the aviation sector. Last year, PIA received permission to resume operations in Europe after a 2020 ban by the European Union Aviation Safety Agency (EASA), which had raised concerns about the oversight capabilities of Pakistani authorities and the Civil Aviation Authority in ensuring compliance with international aviation standards. EASA and UK authorities had suspended PIA's operations in the region following a probe into pilot licensing irregularities, launched after a 2020 crash that killed 97 people. In March this year, the government endorsed a plan to fast-track PIA privatization while reiterating its resolve to offload loss-making public entities from the national exchequer. With input from Reuters
Time Business News
21-05-2025
- Business
- Time Business News
Which Pakistani Cities Will Be Real Estate Hotspots by 2030?
Pakistan's real estate market is evolving rapidly, with several cities emerging as investment hotspots due to urban expansion, infrastructure development, and growing demand for modern housing. By 2030, the following cities are expected to stand out as the prime destinations for real estate investment and development. As Pakistan's business and financial hub, Karachi continues to attract investors. Its diverse economy, thriving industrial sector, and access to major ports make it a magnet for both commercial and residential real estate. Developments like DHA Karachi and Bahria Town in Scheme 33 are rapidly expanding, offering modern amenities and strong rental yields. Karachi's dense population and ongoing infrastructure projects ensure its place as a future hotspot. Lahore's real estate market remains robust, fueled by population growth and a steady influx of new housing and commercial projects. Areas such as DHA, Bahria Town, and Raiwind Road are witnessing significant growth, with new developments catering to both luxury and affordable segments. Lahore's strategic importance and continued urbanization make it a top choice for investors seeking long-term returns. Islamabad, known for its planned development and serene environment, continues to be a favorite for those seeking peace and modern living. Rawalpindi, its twin city, is quickly catching up, thanks to new infrastructure projects like the Rawalpindi Ring Road and CPEC connectivity. Societies such as Capital Smart City, Blue World City, and Faisal Hills are shaping the future of these cities, offering state-of-the-art facilities and excellent accessibility. Located near Islamabad, Blue World City stands out as one of Pakistan's most ambitious real estate projects. Developed by Blue Group of Companies in partnership with a Chinese firm, it is strategically positioned near the CPEC route and the capital, making it highly attractive for both local and overseas investors. Blue World City offers a blend of residential, commercial, and recreational facilities, aiming to set new benchmarks in urban living and investment potential. Faisal Hills, situated on the main Grand Trunk (GT) Road in the Taxila region of Rawalpindi, is another standout housing society. Developed by Zedem International, Faisal Hills offers a master-planned community with modern amenities, scenic views of the Margalla Hills, and easy access to Islamabad, Rawalpindi, and Taxila. Its legal status (RDA-approved), ongoing development, and proximity to major highways make it a promising choice for investors looking for growth and quality living3. Peshawar is experiencing rapid urbanization, with new roads, schools, and housing projects transforming its landscape. Societies like Regi Model Town are in high demand, and the city's strategic location as a gateway to the north further enhances its investment appeal. Early investment in Peshawar's growing market is likely to yield substantial returns by 2030. Gwadar's transformation under the China-Pakistan Economic Corridor (CPEC) is turning it into a major trade and logistics hub. With new infrastructure, industrial zones, and planned housing societies, Gwadar offers affordable property options with high growth potential. Experts anticipate that Gwadar will become a key real estate destination as development accelerates. Economic Growth: Cities like Karachi and Lahore drive the national economy, ensuring steady demand for real estate. Cities like Karachi and Lahore drive the national economy, ensuring steady demand for real estate. Infrastructure Development: Projects like CPEC, new highways, and urban expansion fuel property value appreciation in Islamabad, Rawalpindi, and Gwadar. Projects like CPEC, new highways, and urban expansion fuel property value appreciation in Islamabad, Rawalpindi, and Gwadar. Modern Housing Societies: Developments such as Blue World City and Faisal Hills offer world-class amenities, attracting both residents and investors. Developments such as Blue World City and Faisal Hills offer world-class amenities, attracting both residents and investors. Strategic Locations: Proximity to industrial zones, business centers, and transport links enhances the appeal of these cities. Both Blue World City and Faisal Hills exemplify the new era of planned, modern communities in Pakistan. With their strategic locations, legal approvals, and comprehensive amenities, they are set to remain at the forefront of real estate investment opportunities through 2030. For those looking to invest in top housing societies like Blue World City and Faisal Hills, Makaan Solutions offers expert guidance and the best real estate services. With a deep understanding of market trends, legal procedures, and investment strategies, Makaan Solutions ensures a smooth and profitable experience for buyers and investors. Whether you're seeking a dream home or a lucrative investment, their professional team is equipped to help you make the right decision in these leading real estate hotspots. TIME BUSINESS NEWS
Time Business News
08-05-2025
- Business
- Time Business News
Blue World City Islamabad – A Nature-Inspired Investment Haven
Blue World City Islamabad is emerging as one of Pakistan's most iconic real estate developments. Designed for modern families and nature enthusiasts, this society offers a perfect blend of eco-friendly living, international-standard amenities, and excellent investment potential. Located near the serene Margalla Hills and surrounded by lush greenery, it promises a peaceful yet connected lifestyle. With a clear vision of creating a self-sustaining city, Blue World City offers affordable plots with flexible payment plans and a growing legal standing. The credibility of a housing project depends on its developers. Blue World City Islamabad is a project of Blue Group of Companies, one of Pakistan's well-known real estate developers. The company is led by Chaudhry Saad Nazir, son of the ex-Deputy Commissioner of Lahore. Developer Credentials: Over 20 years of experience in real estate and development Collaboration with the Chinese firm Shan Jian Municipal Engineering Delivered several commercial projects across Lahore and Islamabad Known for timely project delivery and legal compliance Focused on eco-friendly construction and smart infrastructure With such experienced developers, Blue World City has earned the trust of thousands of investors and homebuyers. One of the common concerns is whether Blue World City Islamabad is illegal. The answer is reassuring. Initially, the project faced delays in getting a No Objection Certificate (NOC), but progress has been made. NOC and Legal Developments: Blue World City has submitted its NOC to the RDA for approval Many blocks have been verified for legal transfer of ownership Legal teams are actively resolving compliance with new regulations Investors now feel more confident due to developer transparency NOC approval is expected to be fully restored soon The improving legal status makes this project safe for investment and long-term residency. The location of a housing society determines its future value. Blue World City Islamabad enjoys a prime location, close to major road networks and landmarks. It sits near the Chakri Interchange on the M-2 Motorway, offering smooth access to Islamabad, Rawalpindi, and the New Islamabad International Airport. Key Highlights of the Location: Situated along the Lahore-Islamabad Motorway (M-2) Close to Chakri Interchange and Thalian Interchange Easy access to the CPEC route and the Ring Road Rawalpindi A few minutes away from New Islamabad International Airport Surrounded by green hills and natural landscapes This strategic location makes it ideal for nature lovers who don't want to compromise on connectivity. The master plan of Blue World City Islamabad is carefully crafted to balance nature, infrastructure, and community living. The map outlines multiple blocks designed with a unique purpose and character. Green spaces, wide roads, and modern facilities are included to ensure a high-quality lifestyle. Blocks Featured in the Map: General Block for standard housing Overseas Block for international standard living Waterfront District for lakeside views and serenity Hollywood Block for premium luxury villas Awami Complex for low-cost residential units Sports Valley Block with stadium and activity zones The Blue World City Islamabad map shows clear zoning, ensuring efficient development and high livability. If you're seeking a plot for sale in Blue World City Islamabad, you'll find multiple sizes and pricing options. The market is hot, and demand is growing due to location, affordability, and features. Plot Options Available: Residential plots: 5, 8, 10 Marla, 1 Kanal, 2 Kanal Commercial plots: 5 Marla and 8 Marla Luxury plots in Hollywood and Waterfront Districts Low-cost units in Awami Complex for small families Possession-ready plots in General and Overseas Blocks With plots available for every budget, it's an ideal time to invest or build your dream home. Blue World City Islamabad is widely known for its flexible and affordable payment options. The Blue World City Islamabad payment plan is ideal for low- to mid-income buyers and overseas Pakistanis. Payment Plan Features: 4-year installment plan with monthly and quarterly options Plot sizes available: 5 Marla, 8 Marla, 10 Marla, 1 Kanal, and 2 Kanal Booking starts with just PKR 89,000 No hidden charges—everything is listed Discounts available for lump-sum and half payments This plan helps individuals invest in real estate without financial pressure. Blue World City Islamabad offers modern amenities that promote healthy, secure, and enjoyable living. Every facility is designed to complement nature and meet international standards. Key Amenities: Replica of the Blue Mosque (Istanbul) as a central landmark Pakistan's first international water theme park Forest trails and Oxygen Park for nature walks Safari Zoo featuring exotic species Smart security system with 24/7 surveillance Underground electricity and eco-friendly sewerage Hospitals, schools, shopping centers, and transport facilities Nature lovers will appreciate the greenery, open parks, and natural design philosophy of this project. The project is progressing rapidly, and development work is in full swing. Investors regularly receive Blue World City Islamabad latest news through official channels and real estate consultants . Latest Development Updates: Entrance gate and main boulevard completed Overseas Block nearing possession phase Waterfront District construction has begun Grand launch of Sports Valley Block with cricket stadium Roads, drainage, and street lights have been completed in several blocks These updates attract both genuine buyers and investors looking for future gains. Nature lovers are increasingly choosing Blue World City for its open landscapes, greenery, and peaceful environment. Unlike congested city areas, this community offers a breath of fresh air, literally. Eco-Friendly Features: Forest-themed zones and botanical gardens Wide open parks in every block Walking and cycling tracks shaded by trees Clean air and a noise-free environment Riverfront and lake-facing residential zones It's a perfect retreat for families looking to reconnect with nature while enjoying all urban conveniences. TIME BUSINESS NEWS
