KARACHI: Business is going to be Islamized since central bank of Pakistan is going to introduce Islamic banking in second largest Muslim majority nation.
Even though Pakistan is entitled to be in those few Muslim countries which introduced Islamic Banking as early as the decade of 70’s on nationwide scale still its impact on business is far behind the impact observed in other countries.
In the latest report from September, Islamic banks shared 926 billion rupees (8.82 billion USD) in overall banking industry of Pakistan which makes up to only 9.4 per cent of total. Consequently, GCC region shares more than 25 per cent.
Central bank has now aimed to increase share of Islamic Banks to about 15 percent which is almost double to current share. This has been planned to be done over next 5 years which is, definitely, going to revolutionize the banking sector.
Summit Bank, being part of central bank’s policy is going to be an overall Islamic Bank within three to five years which will probably become Pakistan’s second largest Islamic Bank after Meezan Bank Ltd.
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Bahria Town who claims to be the Asia’s Largest Real Estate Developer set a new record of selling the most booking form in the history.
Bahria Town’s projects which were announced in Rawalpindi and Karachi received a wide public appreciation since more than 50,000 booking forms were sold on the first day, setting up new record in real estate industry. Official fee for the form was set to Rs. 1000 which arose to more than Rs. 100,000 and probably up to Rs. 150,000 within a week, giving the advantage to the purchasers to earn maximum profits.
Interest rate on BT’s projects was seen to be risen within the people from all spheres of life, with at the top of the list, of course, the Real Estate agencies and dealers.
VIPs were seen standing for their turn in order to be able to purchase the glory of profits, as mentioned in a report of local newspaper. Special days were reserved for distribution of booking forms. Society Offices were open even on Sunday to sale the booking forms.
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Roxland Estate has year’s long history. Established as “Roxland Group of Companies” in 1982, it became solely a Real Estate Company in 2004. Trend setting splashes are being made in the property market of Pakistan since we have selected the real estate market for achievement of our goals. In 2009, we got ourselves registered in NAB and later in 2010, we received the membership of DHA (Defense Housing Authority) and thus came to be one of those dealer agencies which are Authorized Officially to deal the property of DHA. Mr. Muhammad Aslam, the CEO of Roxland Estate opened the office at Regal Chowk, the Mall Lahore, in 2004 which was shifted to first Shalimar Market, main boulevard DHA in 2007 and then to the place where it’s current Head Office is located. For the relaxation of clients living in far side of Lahore, i-e South Lahore including societies like Wapda Town, Johar Town, Model Town, Faisal Town and schemes like NFC phase 1, Bahria Town, EME society, LDA Avenue and like; another office was opened in PIA society near Wapda town in 2010. Recently, the third branch had been opened in DHA Y block, thus making Roxland Estate, one of the few real estate agencies having a network of branches in Lahore.
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Elections of DHA Dealer’s Association, which were held a few days ago are still at dramatic situation. December 28 was the date decided for holding the elections in DHA. Campaign for the elections went with full zeal, being discussed everywhere in DHA including the balconies of the offices of candidates. Supporters, who were actually the property dealers were seen dancing on the drum beats, singing, eating and enjoying the campaign period with heart, thus creating the sort of General Election’s atmosphere within the premesis of DHA.
Out come of the voters was believed to be the number exceeding 400 who were all registered dealer of DHA. Code of conduct for the campaign was issued by the Election Committee in order to control the personality attacks and clashes among the candidates and supporters and they proved to be vital during the process.
Elections went clear with a tie between the two candidates of Professional Group and Al-Khidmat group!
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Roxland Estate is really back now! After being offline for more than 5 months.
New year with new outlook and new surprizes. Roxland Estate has been re-developed to let you people taste the new realities of Real Estate market across the country as well as give you a new experience of Real Estate and Property listing for free.
Since it is already known the Roxland’s standard of client satisfaction, this time, there are new surprises for the clients in the website. Maps for the society are being updated and are being developed in a much better resolution which will be available for everyone to download. Moreover, the listing has been made easier and the posting of pictures, which had been the issue before our renewal, has been improved.
Keep in touch for more updates!
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