ISLAMABAD: In a significant development, the Public Accounts Committee (PAC) has directed the Federal Investigation Agency (FIA) and National Accountability Bureau (NAB) to reopen the case related to One Constitution Avenue/Grand Hyatt, a luxury real estate project in Islamabad.
In a press release, the PAC has directed authorities to freeze the bank accounts of the company that failed to pay its dues and take action against its defaulting members by blocking their Computerized National Identity Cards (CNICs) and placing their names on the Exit Control List (ECL).
The committee has instructed the Capital Development Authority (CDA) to take control of the building and remove the defaulting owners’ employees.
Additionally, any unauthorized construction in the building should be halted immediately.
The decision was made after the owners failed to pay Rs 14 billion which led to the cancellation of the land lease
For news and blogs, visit Graana.com
Islamabad: The Federal Board of Revenue (FBR) has issued revised valuation rates for immovable properties…
Riyadh: Saudi Arabia has completed what it described as a global first in capital market…
Rawalpindi: The Rawalpindi Development Authority (RDA) has introduced strict safety measures for all construction sites…
Islamabad: The Securities and Exchange Commission of Pakistan (SECP) has registered three new Real Estate…
Riyadh: The Real Estate Future Forum opened on its first day at the Four Seasons…
Lahore: The Punjab government is planning to split the Lahore city district into two administrative…
Welcome to Graana Blog - Pakistan’s Smartest Property Portal!
For more than a decade our intention has been to revolutionise the real estate industry in Pakistan. The same belief drove the vision of our real estate team, Graana where quality beats quantity.
We have introduced an extremely transparent and purposeful portal where we will help you buy, rent or sell your property. A place where you can sit back relax and let us market your projects and listings. We believe we have set new standards for the future of real estate in Pakistan by providing the smartest property portal.
