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RAWALPINDI: The Kachehri Chowk area is fully closed for a major construction project (three flyovers and three underpasses) that began on November 3. The City Traffic Police (CTP) has implemented major diversions. Commuters from Rawat/Jhelum Road to Old Airport must use Bahria Phase 1. Other routes to Saddar and Murree Road are heavily altered, requiring traffic to navigate through areas like Morgah, New Lalazar, and Rawal Road. Motorists are urged to strictly follow the diversion plan.

Iesco has shocked tens of thousands of net metering users by demanding they replace their existing "green meters" with expensive Automatic Meter Reading (AMR) devices within three months, costing an estimated Rs52,000 per user. The directive, which appeared on recent bills, caused a consumer uproar and led to complaints on the Prime Minister's Portal. Iesco has since temporarily put the implementation on hold, acknowledging the confusion and the need to formulate a fair, relief-focused policy for solar consumers.

RAWALPINDI: Following instructions from the National Accountability Bureau (NAB), the Rawalpindi Development Authority (RDA) is developing a new online portal for the public. This platform will allow citizens to verify the legal status of any housing scheme or individual plot—checking if it is approved, under process, or illegal—before making investments. NAB is integrating data from both the RDA and CDA to enhance transparency and protect consumers from real estate scams and unapproved developments.

LAHORE: Punjab has enacted the Protection of Ownership of Immovable Property Ordinance 2025 to combat land grabbing. Penalties: Illegal property possession is now a criminal offense punishable by 5 to 10 years of imprisonment. Swift Justice: A new two-tier system is established:

The Pakistan real estate sector is moving towards greater professionalism. Eighteen, a luxury project, is leading this charge under new CEO Dr. Mohamed Mansour. Dr. Mansour's core mandate is to deliver the project with speed, precision, and quality, making construction excellence the absolute priority to reinforce customer trust. Key developments include a vital, dedicated slip road from the Srinagar Highway nearing approval. The project reflects strong investor confidence in Pakistan's growth, supported by the SIFC, and is exploring joint ventures with DHA. The mission: deliver faster and better to establish Eighteen as Pakistan's premier, reliable luxury community.

The Appellate Tribunal of the Punjab Revenue Authority (PRA) has delivered a landmark ruling that the outright sale of developed plots by real estate developers is not a taxable service for provincial sales tax.This decision overturns previous judgments by holding that the tax law's charging section, which applies only to the "lease, license or similar arrangements" of immovable property (where ownership is retained), prevails over the schedule listing the developers' service. Consequently, transactions involving the transfer of full ownership (sale) fall outside the scope of the provincial sales tax.

Pakistan's forex reserves have recovered significantly, but stability remains managed by external support (IMF, rollovers), not secured by self-sufficiency. The economy faces huge continuous strain from debt servicing (around $22B annually) and a large trade deficit ($35B projected). Stagnant exports and reliance on imports keep the situation vulnerable. To secure stability, Pakistan must prioritize structural reforms focused on reducing import dependency and aggressively boosting exports and remittances. The current calm is only a temporary "base camp."

PM Shehbaz Sharif approved the AI-powered Womenpreneurship Platform to boost women in the SME sector and reviewed SMEDA's reforms.SMEDA has opened new regional offices and formed a new board of experts. The PM ordered a clear timeline for the reforms. Finally, SMEDA/TDAP will represent Pakistan at BIOPROM-2025 in Russia.

The State Bank of Pakistan (SBP) has mandated that all digital bank accounts and mobile wallets in the country must have biometric verification completed by the deadline.Millions of account holders who failed to meet the deadline face immediate service suspension, losing the ability to send or receive funds. This new rule is part of a strict SBP policy shift to strengthen Anti-Money Laundering (AML) and Counter-Terrorism Financing (CFT) controls.Customers must complete biometric verification as soon as possible to reactivate their accounts.