AGL 38.60 Increased By ▲ 1.03 (2.74%)
AIRLINK 131.00 Decreased By ▼ -1.50 (-1.13%)
BOP 5.59 Decreased By ▼ -0.05 (-0.89%)
CNERGY 3.85 Increased By ▲ 0.08 (2.12%)
DCL 8.74 Decreased By ▼ -0.13 (-1.47%)
DFML 40.80 Decreased By ▼ -0.20 (-0.49%)
DGKC 88.69 Decreased By ▼ -1.47 (-1.63%)
FCCL 35.30 Increased By ▲ 0.22 (0.63%)
FFBL 66.50 No Change ▼ 0.00 (0%)
FFL 10.64 Increased By ▲ 0.49 (4.83%)
HUBC 109.34 Increased By ▲ 2.94 (2.76%)
HUMNL 14.66 Increased By ▲ 1.26 (9.4%)
KEL 4.79 Decreased By ▼ -0.07 (-1.44%)
KOSM 7.03 Increased By ▲ 0.18 (2.63%)
MLCF 42.47 Increased By ▲ 0.67 (1.6%)
NBP 59.50 Increased By ▲ 0.92 (1.57%)
OGDC 183.80 Increased By ▲ 2.55 (1.41%)
PAEL 25.63 Decreased By ▼ -0.07 (-0.27%)
PIBTL 5.90 Increased By ▲ 0.07 (1.2%)
PPL 147.81 Decreased By ▼ -0.59 (-0.4%)
PRL 23.52 Increased By ▲ 0.30 (1.29%)
PTC 16.49 Increased By ▲ 1.25 (8.2%)
SEARL 69.50 Increased By ▲ 0.71 (1.03%)
TELE 7.23 Decreased By ▼ -0.01 (-0.14%)
TOMCL 35.80 Decreased By ▼ -0.20 (-0.56%)
TPLP 7.83 Increased By ▲ 0.43 (5.81%)
TREET 14.25 Increased By ▲ 0.01 (0.07%)
TRG 50.58 Decreased By ▼ -0.27 (-0.53%)
UNITY 26.81 Increased By ▲ 0.41 (1.55%)
WTL 1.22 Increased By ▲ 0.01 (0.83%)
BR100 9,814 Increased By 46.2 (0.47%)
BR30 29,773 Increased By 372.9 (1.27%)
KSE100 92,364 Increased By 425.8 (0.46%)
KSE30 28,847 Increased By 103.3 (0.36%)

KARACHI: The caretaker government of Sindh has imposed a complete ban on the approval of new housing projects, subdivisions, layout plans, and construction of multi-story buildings across the province until further notice.

The ban was announced through a notification issued by the local government and housing town planning department on August 24, 2023. It aims to halt illegal real estate developments and additional construction on existing projects.

According to the notification, the ban applies to all residential, commercial, and mixed-use projects. The only exception is the construction of standalone houses by individuals.

550 Karachi buildings in dilapidated conditions: SBCA

The ban will be implemented by development authorities across Sindh including those in Karachi, Hyderabad, Jamshoro, and other major cities. They have been directed to ensure strict compliance with the orders.

Sources say the decision was taken by the caretaker provincial minister for local government and town planning. It is intended to halt the ongoing construction boom especially portion constructions, which has led to violations of building laws and master plans.

Real estate analysts say the sudden move may adversely impact genuine projects that have already been approved.

Meanwhile, construction industry representatives have urged the authorities to reconsider the blanket ban and adopt targeted measures against illegal constructions only. They say a complete halt may result in losses for the industry and employment.

The notification does not specify the duration of the ban but for now, all new real estate projects in Sindh remain suspended until further order.

Copyright Business Recorder, 2023

Comments

Comments are closed.

Tulukan Mairandi Aug 26, 2023 09:04am
Yup. The streets are more comfortable for Pakistanis. Anyway they are occupying the streets of france and greece
thumb_up Recommended (0)
M. Faizan Amin Aug 26, 2023 07:04pm
@Tulukan Mairandi, it takes no time to bring people like you to the streets and even to the slums
thumb_up Recommended (0)