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Social
Government Steps up Efforts to Break Real Estate Stagnation, Plans to Boost Investment Through REITs
▫️Focus on tax reforms, simplified regulations, and transparency to restore investor confidence
Social
Constitutional Contradictions Identified in Prime Minister’s Housing Finance Scheme; Serious Questions Raised Over Interest Based System
▫️Rs3.2 trillion financing under five year plan may clash with 2028 constitutional deadline; 20 year loan tenure and continued interest raise concerns, legal challenges likely without Shariah compliant alternatives
Global
U.S.: Home Prices Drop Significantly in Major Cities, Market Shifts in Favor of Buyers
▫️Cities in southern and western states hardest hit, where prices surged unusually during the COVID19 period
City District
Nila Gumbad Underground Parking Project 60% Completed Overall
▫️No negligence or lapse in safety arrangements at construction site will be tolerated, says Secretary Housing
City District
Infrastructure Upgradation Plan Launched to Reduce Rural Urban Education Gap in Kasur
▫️ School improvement strategy focuses on balanced development across the district