Whether or whether the property market is of interest to investors, the property market moves on with the support of worker payments. According to a study, individuals residing in other nations prefer to invest their money in real estate, accounting for more than half of all remittances.
Table of Content:
- Prime Minister Imran Khan addressed road upgrades in Lahore
- The 258-kilometer Islamabad-D.I. Prime Minister Imran Khan officially opens the Khan motorway
- The Central Business District master plan of Lahore
- The Hekla-DI Khan Motorway on the CPEC Western Route is now open to traffic
- The LDA has to finalize the specifics of the city’s first electric tram project
- In 3.5 years, the government built a 2000 km road throughout Pakistan
1. Prime Minister Imran Khan Addressed Road Upgrades In Lahore
Prime Minister Imran Khan addressed a meeting to examine significant road projects.
The committee also heard about the Rs61 billion ‘Elevated Expressway from Main Boulevard Gulberg to M2 Motorway’ project, which would take 15 months to complete.
Shaukat Tarin, Shafqat Mehmood, Asad Umar, Fawad Chaudhry, SAPM Dr. Shehbaz Gill, and Punjab Chief Minister Usman Buzdar were among those who attended the meeting. In addition, provincial ministers and other senior authorities participate in the meeting video connection.
However, the lane projects seek to alleviate the city’s excessive traffic by upgrading road infrastructure, which will lead to improved urban planning and management in the long run.
2. The 258-kilometer Islamabad – D.I. Prime Minister Imran Khan officially Opens The Khan Motorway
Prime Minister Imran Khan has inaugurated the 285-kilometer Islamabad-Dera Ismail (DI) Khan (M-14) Motorway project.
Moreover, the project includes 11 interchanges, 36 bridges, 33 flyovers, and 119 underpasses and is part of the CPEC western’s section. The reason behind this project is to maintain inter-provincial connectivity and economic activity.
The Prime Minister spoke on the government’s ongoing efforts to improve the country’s road infrastructure. While addressing on occasion, he emphasized the significance of a link connecting the region to the province’s more developed areas.
3. The Central Business District Master’s Plan of Lahore
According to news sources released on January 5, the Lahore Central Business District Development Authority (LCBDDA) has presented the original master plan for the Central Business District (CBD) created near the Walton Airport.
According to the master plan, high-rise residential complexes would account for 17% of the project land, while mixed-use projects will account for 40%. Furthermore, 180,000 square feet of land will create road infrastructure. The feasibility research, construction supervision, and infrastructure design cost is estimated to be roughly PKR 94 million.
According to the source, the project will have the following amenities:
- A lake with three channels
- There are 15 Kanals of parkland
- Parking is available underneath
- Structures that serve as utilities
- Parks and open spaces
- Commercial developments on a total of 218 Kanals of land
Similarly, it announced that the project’s construction would be carried out in collaboration with private developers.
4. The Hekla-DI Khan Motorway on The CPEC Western Route is Now Open to Traffic
Islamabad: Prime Minister Imran Khan opened the 293-kilometer Hakla-Dera Ismail (D.I.). According to reports, Khan Motorway (M-14) opened for traffic on Wednesday (January 5). The western route of the China Pakistan Economic Corridor (CPEC) is also known as this road project.
The Hekla-DI Khan Motorway will link developing communities. While addressing at the inauguration, Prime Minister Khan noted that this is a significant route since it would improve the living conditions of the people in the region.
On the other hand, D.I. Khan would be connected to South Punjab and Balochistan as part of the project, which will turn the area into an economic center in Khyber Pakhtunkhwa (K.P.). In addition, transporting agricultural goods throughout the nation has become much easier thanks to this highway.
5. The LDA Has Been Tasked to Finalize the Specifics of The City’s First Electric Tram Project
According to the news sources published on Monday, January 3, Punjab Chief Minister (CM) Sardar Usman Buzdar has directed the Lahore Development Authority (LDA) to finalize the city’s specifications first electric tram project on Canal Road.
LDA Director General Ahmed Aziz Tarar and Chief Engineer Israr Saeed briefed CM Buzdar on the project. According to the information, the LDA has presented a proposal to CM Buzdars to operate an electric tram between Thokar and Jallo.
According to reports, the tram project would have 21 smart stops along the 22-kilometer Canal Road. On the other hand, it will install an 8-foot wide track. Furthermore, the team will travel at a speed of 25 to 30 kilometers per hour. According to estimations, the project would cost more than PKR 21 billion in total.
6. In 3.5 years, the Government Built A 2000 km Road Throughout Pakistan
Murad Saeed, Pakistan’s Minister of Communications and Postal Services, claimed the country’s government had finished construction on 2,000 kilometers of road projects.
According to news reports, he recently announced that the Pakistan Tehreek-e-Insaf (PTI) administration had completed 2,000 kilometers of road projects and commenced construction on another 6,118 kilometers of the road network.
Further, the government had started construction on 3300 kilometers of road in Balochistan. Minister Murad Saeed posted a video of a road project in Balochistan under development on his official Twitter account.
According to him, road projects in Balochistan include Zhob Kuchlak, Nokandi Mashkeel, Khuzdar Bisimah, Ziarat Morr Kuch Harnai, Hoshab Awaran, Dera Murad Jamali Bypass, Quetta Bypass, and Kuchlak Khuzdar.
These are the latest updates on the property 2022, which are directly connected to Pakistan’s condition.