Business & Finance » Real Estate

MENA

‘Dubai Unlocked’: Pakistanis own properties worth $11bn in emirate city, report says

Pakistanis, including ex-government officials, political figures, bureaucrats, and sanctioned individuals own...

Updated 14 May, 2024 11:20pm

2024-05-14-01-14

UBL to build regional office at Naya Nazimabad

KARACHI: United Bank Limited (UBL) - a leading bank of Pakistan, has acquired a 14,092 sq. yards commercial plot in...

Updated 14 May, 2024 06:13am

Real Estate

China’s Country Garden aims to pay missed coupons by next week

HONG KONG: Embattled Chinese property developer Country Garden said it was unable to pay two onshore coupons due on...

Published 09 May, 2024 12:27pm

Real Estate

TPL REIT Fund I: CEO Ali Asgher says optimistic about IPO’s prospects

KARACHI: Ali Asgher, CEO of TPL REIT Management Company Limited (RMC) Ltd, expressed confidence that the Initial...

Published 02 May, 2024 04:58am

Real Estate

US spending on London real estate rebounds to highest in eight years

LONDON: US investors are buying up London commercial property at the fastest rate in eight years, data compiled by...

Published 01 May, 2024 10:13am

Real Estate

Chakor Ventures unveils 60-40 payment model for Citadel 7 Project

Chakor Ventures, a leading name in Pakistan’s real estate industry, is proud to introduce an unprecedented payment...

Published 29 Apr, 2024 03:26pm

Real Estate

Dubai’s high-end property sales rise on overseas demand

DUBAI: Sales of homes in Dubai worth $10 million or more rose 6% in the first quarter versus last year, an industry...

Published 16 Apr, 2024 12:07pm

Real Estate

China’s new home prices decline at fastest pace since 2015

BEIJING: New home prices in China fell at their fastest pace in more than eight years in March as the debt woes of...

Published 16 Apr, 2024 12:03pm

Real Estate

Shares in Chinese developer Country Garden suspended in Hong Kong

HONG KONG: Trading in debt-ridden Chinese property developer Country Garden was suspended in Hong Kong Tuesday, days...

Published 02 Apr, 2024 02:09pm

Real Estate

China’s new home prices rise at fastest pace in over 2-1/2 years, survey shows

BEIJING: New home prices in China rose at the fastest pace in more than two and a half years in March versus a month...

Published 01 Apr, 2024 10:38am

Real Estate

China’s Country Garden hires Kroll to carry out liquidation analysis, sources say

HONG KONG/SYDNEY: Country Garden has hired Kroll to carry out a liquidation analysis ahead of a court hearing in...

Published 27 Mar, 2024 01:55pm

Real Estate

German property lenders see slight pickup in financing in 2024

FRANKFURT; German property lenders are forecasting a slight revival in real-estate financing this year after a sharp...

Published 27 Mar, 2024 01:52pm

Real Estate

China’s Feb new home prices extend declines

BEIJING: China’s new home prices dropped for an eighth straight month in February, official data showed on Friday,...

Published 15 Mar, 2024 11:07am

Real Estate

Evergrande chairman’s second seized Hong Kong mansion put up for sale

HONG KONG: A second mansion in Hong Kong that once belonged to China Evergrande Group’s chairman has been put up for...

Published 01 Mar, 2024 10:19am

Real Estate

Country Garden faces winding-up petition in Hong Kong

HONG KONG: A petition to wind up debt-hit Country Garden has been filed in a Hong Kong court, the company said...

Published 28 Feb, 2024 12:32pm

Taxes

Board of Revenue Sindh notifies e-registration in registrar offices in Karachi

The Board of Revenue, Sindh, has issued a notification of e-registration in terms of Section 6 (2) of the Sindh...

Published 15 Feb, 2024 09:59am

Real Estate

The people behind the indebted developer’s overhaul: China Evergrande

SYDNEY/HONG KONG: Restructuring experts from Alvarez & Marsal will rely on China connections and a track record...

Published 07 Feb, 2024 10:46am

Real Estate

China property developers Sunac, CIFI say projects get local govt support

HONG KONG: Chinese property developers Sunac China and CIFI Holdings said some of their projects had been listed by...

Published 05 Feb, 2024 11:58am

Real Estate

China Jan new home prices rise at fastest pace since Aug 2021

BEIJING: China’s new home prices rose in January at the fastest monthly pace since August 2021, buoyed by a slew of...

Published 01 Feb, 2024 11:09am

Real Estate

Evergrande’s bond holders could wait years for little payout

SYDNEY: China Evergrande’s offshore dollar bondholders stand to receive a potentially tiny payout in a complicated...

Published 31 Jan, 2024 12:29pm

MENA

Dubai’s property boom shows signs of fizzling out

LONDON/DUBAI: As cranes speckle the Dubai skyline and ultra-luxury homes change hands at record prices, signs that...

Updated 26 Jan, 2024 02:52pm

Real Estate

Average price of new Tokyo apartment jumps in 2023, sets record

TOKYO: The price of new apartments in Tokyo leapt to a record 114.8 million yen ($777,093) in 2023, pushed up by...

Published 25 Jan, 2024 11:15am

Real Estate

Country Garden seeks to sell assets worth $530mn in Guangzhou

HONG KONG: Embattled Chinese property developer Country Garden is selling properties in Guangzhou, aiming to raise...

Published 24 Jan, 2024 10:55am

Real Estate

China’s Country Garden nears full exit from Australia with residential project sale

SYDNEY: Indebted Chinese developer Country Garden has agreed to sell a stake in an Australian residential project,...

Published 18 Jan, 2024 10:32am

Real Estate

Country Garden expects China property market to remain weak in 2024

HONG KONG: China’s largest private property developer, Country Garden, expects the property market will remain weak...

Published 16 Jan, 2024 10:50am

Real Estate

China’s new home prices up in Dec for 4th straight month

BEIJING: China’s new home prices rose for the fourth straight month in December, a private survey showed on Monday,...

Published 01 Jan, 2024 10:31am

Companies

TPL REIT Fund I completes first funding round

TPL REIT Fund I managed by TPL REIT Management Company Limited (TPL RMC) has completed its first funding round. The...

Published 28 Dec, 2023 05:39pm

South Asia

Modi seeks to revive hinterland finance hub with new sweeteners

Indian Prime Minister Narendra Modi is looking to revive a decade-old project to build a new financial hub in his...

Published 14 Dec, 2023 11:42am

Real Estate

Hong Kong October home prices drop to lowest since March 2017

HONG KONG: Hong Kong private home prices extended a fall in October, dipping to their lowest since March 2017,...

Published 28 Nov, 2023 11:03am

Real Estate

Evergrande chairman’s two luxury mansions seized by creditor

HONG KONG: Two luxury homes in Hong Kong owned by the chairman of embattled property developer China Evergrande...

Published 22 Nov, 2023 11:33am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 15	278.43
USD PKR Interbank Buying / May 15	278.23
USD to Japanese Yen / May 15	154.15
USD to Swiss Franc / May 15	0.90
Pound Sterling to USD / May 15	1.27
Euro to USD / May 15	1.09

Stock	Volume
S&P 500 / May 15	5308.15
India Sensex / May 15	72987.03
Tokyo Nikkei / May 15	38630.19
Nasdaq / May 15	16742.39
Hang Seng / May 15	19161.63
FTSE 100 / May 15	8445.80
Dow Jones / May 15	39908
Germany DAX 30 / May 15	18869.36

Item	Value
Crude Oil USD/Barrel / May 15	78.99
Karachi Cotton PKR/37.32 KG / May 15	19935
Gold 10 Grams PKR / May 15	209191
Gold Spot USD/Ounce / May 15	2388.85
Cotton US¢/pound / May 15	76.16
Petrol/Litre / May 16	273.10

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 16 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 16 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 16 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 16 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 16 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 16 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 16 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 16 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 16 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 16 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 16 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 16 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 16 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 16 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 16 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 16 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 16 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 16 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / May 16 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / May 16 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / May 16 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / May 16 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / May 16 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / May 16 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / May 16 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / May 16 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / May 16 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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