Wednesday, 28 October 2026
اردو
Breaking
Shahdara Dam construction expected to begin soon, CDA says Meta launches Digital Dialogues in Real Life at Pakistan’s Digital Tahaffuz Summit 45 NUST researchers recognised among world’s top 2% scientists Regulation alone cannot curb harmful social media content: PTA Chief Water Minister, WAPDA Chairman review progress on Diamer Basha Dam, Dasu HPP IHC seeks response on petition challenging travel restrictions on citizens IHC maintains stay against removal of graveyard in Sector D-12 DPM/FM Dar grieved over loss of lives in Spain train collision CDA clears encroachments on 36.5 acres in I-15, paving way for 500 plots ISLAMABAD, Oct 28 (APP):The Capital Development Authority (CDA) has cleared long-standing encroachments from around 36.5 acres of land in Sector I-15, paving the way for the planned development of about 500 plots nearly two decades after the sector was launched in 2005. The operation in Sub-Sector I-15/1 involved the removal of more than 300 houses, cattle sheds and havelis in Sheikhpur village, which had obstructed the development of the sector according to its approved plan. According to the CDA, the cleared land accounts for approximately one-fourth of the sector and includes residential plots as well as commercial plots previously occupied by encroachments. The operation was carried out under the supervision of Deputy Director General (Enforcement) Dr Anum Fatima following nearly two months of sustained efforts. A significant number of the affected allottees are retired government employees whose investments have remained tied up for years. The clearance is expected to facilitate further development and pave the way for the eventual handover of plots to their lawful allottees. The matter was brought to CDA Chairman Sohail Ashraf’s attention during an open forum, following which the authority’s Enforcement Directorate was directed to take action against the encroachments and retrieve the land. The CDA has directed its Planning Wing to initiate planning and development work in the cleared area on an urgent basis to expedite the process of handing over possession to the allottees. However, the authority said the land clearance was an initial step and that formal possession would be handed over after the necessary planning, development work and legal and administrative formalities were completed. The authority said it remained committed to protecting the rights of lawful allottees, retrieving public land from encroachers and accelerating development in residential sectors in accordance with approved plans and relevant regulations. DPM/FM Dar emphasizes GSP+ utilization, quality boost to expand exports to EU Steering Committee Access to Finance reviews progress across priority sectors Ali Pervaiz Malik welcomes Weir’s participation in Pakistan’s Minerals sector Shahdara Dam construction expected to begin soon, CDA says Meta launches Digital Dialogues in Real Life at Pakistan’s Digital Tahaffuz Summit 45 NUST researchers recognised among world’s top 2% scientists Regulation alone cannot curb harmful social media content: PTA Chief Water Minister, WAPDA Chairman review progress on Diamer Basha Dam, Dasu HPP IHC seeks response on petition challenging travel restrictions on citizens IHC maintains stay against removal of graveyard in Sector D-12 DPM/FM Dar grieved over loss of lives in Spain train collision CDA clears encroachments on 36.5 acres in I-15, paving way for 500 plots ISLAMABAD, Oct 28 (APP):The Capital Development Authority (CDA) has cleared long-standing encroachments from around 36.5 acres of land in Sector I-15, paving the way for the planned development of about 500 plots nearly two decades after the sector was launched in 2005. The operation in Sub-Sector I-15/1 involved the removal of more than 300 houses, cattle sheds and havelis in Sheikhpur village, which had obstructed the development of the sector according to its approved plan. According to the CDA, the cleared land accounts for approximately one-fourth of the sector and includes residential plots as well as commercial plots previously occupied by encroachments. The operation was carried out under the supervision of Deputy Director General (Enforcement) Dr Anum Fatima following nearly two months of sustained efforts. A significant number of the affected allottees are retired government employees whose investments have remained tied up for years. The clearance is expected to facilitate further development and pave the way for the eventual handover of plots to their lawful allottees. The matter was brought to CDA Chairman Sohail Ashraf’s attention during an open forum, following which the authority’s Enforcement Directorate was directed to take action against the encroachments and retrieve the land. The CDA has directed its Planning Wing to initiate planning and development work in the cleared area on an urgent basis to expedite the process of handing over possession to the allottees. However, the authority said the land clearance was an initial step and that formal possession would be handed over after the necessary planning, development work and legal and administrative formalities were completed. The authority said it remained committed to protecting the rights of lawful allottees, retrieving public land from encroachers and accelerating development in residential sectors in accordance with approved plans and relevant regulations. DPM/FM Dar emphasizes GSP+ utilization, quality boost to expand exports to EU Steering Committee Access to Finance reviews progress across priority sectors Ali Pervaiz Malik welcomes Weir’s participation in Pakistan’s Minerals sector
Business

PSX stays bullish, gains over 1,269 points

APP
PSX witnesses bearish trend, loses over 1,332 points
ISLAMABAD, Oct 28 (APP): The benchmark KSE-100 Index of the Pakistan Stock Exchange (PSX) continued with bullish momentum on Wednesday, gaining 1,269.55 points, a positive change of 0.77 percent, to close at 165,736.76 points against 164,467.20 points recorded in the previous trading session.
The ready market witnessed a trading volume of 578.124 million shares, compared to 401.969 million shares traded in the previous session, while the traded value increased to Rs 26.203 billion from Rs 18.069 billion.
Market capitalisation increased to Rs 18.329 trillion from Rs 18.214 trillion recorded a day earlier.
Out of 496 companies that traded in the ready market, 269 posted gains, 180 suffered losses, while 47 remained unchanged.
Pervez Ahmed Co led the volume chart with 58.321 million shares, followed by TPL Properties with 38.349 million shares and Cnergyico PK with 34.763 million shares.
Among the top gainers, Ghandhara Industries Limited surged by Rs 106.12 to close at Rs 1,167.28, while Rafhan Maize Products Company Limited advanced by Rs 70.86 to settle at Rs 8,408.05.
On the losing side, PIA Holding Company LimitedB declined by Rs 448.49 to close at Rs 13,551.50, while Khairpur Sugar Mills Limited fell by Rs 125.98 to Rs 1,133.86.
In the futures (DFC) market, turnover stood at 422.813 million shares with a traded value of Rs 17.391 billion, compared with 455.777 million shares worth Rs 14.653 billion in the previous session.
Of 315 companies traded in the DFC market, 209 advanced, 105 declined and 1 remained unchanged.

Source: APP (Associated Press of Pakistan)

Related News

More ›