AGL 37.72 Decreased By ▼ -0.22 (-0.58%)
AIRLINK 168.65 Increased By ▲ 13.43 (8.65%)
BOP 9.09 Increased By ▲ 0.02 (0.22%)
CNERGY 6.85 Increased By ▲ 0.13 (1.93%)
DCL 10.05 Increased By ▲ 0.52 (5.46%)
DFML 40.64 Increased By ▲ 0.33 (0.82%)
DGKC 93.24 Increased By ▲ 0.29 (0.31%)
FCCL 37.92 Decreased By ▼ -0.46 (-1.2%)
FFBL 78.72 Increased By ▲ 0.14 (0.18%)
FFL 13.46 Decreased By ▼ -0.14 (-1.03%)
HUBC 114.10 Increased By ▲ 3.91 (3.55%)
HUMNL 14.95 Increased By ▲ 0.06 (0.4%)
KEL 5.75 Increased By ▲ 0.02 (0.35%)
KOSM 8.23 Decreased By ▼ -0.24 (-2.83%)
MLCF 45.49 Decreased By ▼ -0.17 (-0.37%)
NBP 74.92 Decreased By ▼ -1.25 (-1.64%)
OGDC 192.93 Increased By ▲ 1.06 (0.55%)
PAEL 32.24 Increased By ▲ 1.76 (5.77%)
PIBTL 8.57 Increased By ▲ 0.41 (5.02%)
PPL 167.38 Increased By ▲ 0.82 (0.49%)
PRL 31.01 Increased By ▲ 1.57 (5.33%)
PTC 22.08 Increased By ▲ 2.01 (10.01%)
SEARL 100.83 Increased By ▲ 4.21 (4.36%)
TELE 8.45 Increased By ▲ 0.18 (2.18%)
TOMCL 34.84 Increased By ▲ 0.58 (1.69%)
TPLP 11.24 Increased By ▲ 1.02 (9.98%)
TREET 18.63 Increased By ▲ 0.97 (5.49%)
TRG 60.74 Decreased By ▼ -0.51 (-0.83%)
UNITY 31.98 Increased By ▲ 0.01 (0.03%)
WTL 1.61 Increased By ▲ 0.14 (9.52%)
BR100 11,289 Increased By 73.1 (0.65%)
BR30 34,140 Increased By 489.6 (1.45%)
KSE100 105,104 Increased By 545.3 (0.52%)
KSE30 32,554 Increased By 188.3 (0.58%)

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)