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Social
FBR Plans Major Crackdown on People Flaunting Lavish Lifestyles on Social Media
▫️NADRA to assist FBR in investigations as scrutiny of financial records of suspected individuals begins
Social
NAB, Punjab Board of Revenue Retrieve 25,444 Kanals of State Land Worth Rs433 Billion Across Province
▫️Joint task force formed to curb illegal occupation of state land; citizens urged to report encroachments through official complaint portal
City District
LDA Launches Major Operation Against Illegal Commercial Buildings, Seals 208 Properties
▫️Sealed properties include schools, restaurants, food points, salons, clinics, pharmacies, workshops and shops
Global
Hong Kong’s Second Largest Hotel Defaults, Faces Risk of Bank Takeover
▫️Property experts say if the hotel goes into receivership, it will mark another major sign of deepening financial stress in Hong Kong’s commercial real estate market
National
IT Ministry Orders Third Party Review of Rs 31 Billion Karachi IT Park Project
▫️Pakistan Software Export Board invites consultancy firms to reassess feasibility, engineering designs, BOQs, cost estimates and procurement documents before fresh bidding