Work underway to transform Punjab into investment hub | Graana.com Blog



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ISLAMABAD: The government has launched work to transform Punjab into an investment hub by boosting trade and economic activities.

The announcement was made by the provincial Minister for Industries and Trade Mian Aslam Iqbal while speaking at the 35th Annual General Meeting of Pakistan Textile Exporters Association (PTEA).

So far, the government has set up 23 small industrial estates within three years, with 13 Special Economic Zones (SEZs), it was informed.

“Growing investment in these projects is an expression of confidence in the prime minister’s economic policies,” he added.

In addition, the attendees of the meeting were assured provision of facilities to boost investment in the country.

 

For news and blogs, visit Graana.com.




Major types of land in Pakistan | Graana.com Blog


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The land is not merely soil; it is a fountain of energy flowing through a circuit of soils, plants, and animals. ~Aldo Leopold.

 

Land is one of the most important assets man can have in his lifetime. This tangible asset not only comes with multiple benefits but also allows you to gain financial freedom. As a real estate investor, you should consider investing in land in Pakistan. Trends suggest that land investment is always fruitful.

To make you more aware of the diversity in terms of land, this blog will take you through different types of Land in Pakistan that you need to know about. This information will broaden the horizons of your knowledge and enable you to make well-informed investment decisions. In short, if you are a real estate investor, this blog is for you.

To know more about Land in Pakistan, keep on reading.

 

Pros of investing in Land in Pakistan:

  • Land comes with much flexibility. Unlike houses and other buildings, you can do multiple things with your parcel of land because the choices are immense. When you buy a home, you have many limitations regarding the design and construction. However, on the contrary, you do not have to worry about these things when you buy land.
  • Land comes with affordability. As compared to houses and commercial buildings, the land is relatively on the cheaper side. If you are someone with less capital, you should consider buying a parcel of land in Pakistan.
  • If you are looking for a secure investment, the land is perfect for you. The land is one of the few assets whose price appreciates over time. So, if you are looking for a safe avenue for your hard-earned money, you should consider buying land.
  • When you buy a piece of land, you usually do not have to wait for possession. On the other hand, when you buy a house or a shop in Pakistan, there is a massive gap between purchase and possession.
  • Maintainance of Land is relatively more straightforward than the maintenance of a house or commercial property in Pakistan. You do not have to incur costs such as maintenance costs, renovation costs, etc. 

 

Types of Land in Pakistan that you need to know about:

Following is a list of the kinds of Land in Pakistan that are pretty popular among the investors and general public. 

 

Agricultural Land:

Pakistan is an agricultural country that is known across the globe for its agricultural output. The agriculture sector in Pakistan is the second largest sector of Pakistan. Agriculture accounts for about 18.9% of Pakistan’s GDP and employs about 42.3% of the labor force.

According to Wikipedia, agricultural land is the land devoted to agriculture, the systematic and controlled use of other forms of life, especially the rearing of livestock and production of crops.

 

In Pakistan, the agricultural lands are usually located on the outskirts of the city and prove to be an excellent source of investment. Most of the people in Pakistan buy farmland and lease it out to other parties. These parties grow a variety of crops and livestock on these parcels of land. At the end of the season, the party will give the owner land rent and a certain amount of profits.

 

Barren Land:

According to NASA, barren land consists of those ecosystems in which less than one-third of the area has vegetation or another cover. Generally, barren land has thin soil, sand, or rocks. Barren lands include deserts, dry salt flats, beaches, dunes, exposed stone, strip mines, quarries, and gravel pits.

In Pakistan, barren land is abundant. It is estimated that about 3.8 million acres of land in Punjab is bare, converted into a fertile ground to benefit the country. Barren Land can be turned into a source of income in no time. People can use their barren land to construct garbage management sites, parking lots, and storing facilities for big businesses and machines. With the real estate industry advancements, we can also say that barren land can act as a site for upcoming residential and commercial projects

 

Commercial Land: 

According to Wikipedia, commercial property, also called commercial real estate, investment property, or income property, is real estate intended to generate a profit, either from capital gains or rental income.

Commercial real estate is for you if you are a new investor or a seasoned investor looking for opportunities to diversify your portfolio. Commercial Land’s primary focus is 

 Big corporations, businesses, warehouses, offices, shops, hotels, etc. Commercial Land may be more miniature in size, but it is essential for the country’s economy as it attracts businesses and foreign investors. In short, it is safe to say that commercial land is full of potential and opportunity.

 

Recreational Land: 

Recreational Land in Land is used for purposes of recreation, for example, sports fields, gymnasiums, playgrounds, public parks, green areas, public beaches and swimming pools, and camping sites.

Recreational Land usually consists of vast parcels of land and is used for outdoor recreational activities. Urban areas and modern cities typically have an extensive selection of recreational land because it is being used to attract the general public. Also, recreational land is essential because it attracts foreign investment and promotes local and international tourism. In short, recreational land is being used for the enjoyment of people who use it.

 

Transport land:

As the name suggests, transport land is solely dedicated to the transportation services of a region. It includes infrastructure such as roads, airports, train stations, and subway stations. These pieces of land are essential for the country because they are a sign of development and improvement in the country and a country generates a tremendous amount of revenue from transport lands.

 

Residential Land: 

Last but not least comes residential land. It is one of the most sought-after real estate products in the world, including Pakistan. Every year, hundreds of investors invest their money into residential properties. 

The primary aim of residential land is to provide good quality living facilities to the general public. Some of the most common residential properties include single-family homes, condos, cooperatives, apartments, duplexes, flats, townhouses, penthouses, studio apartments, and multifamily residences.

In short, residential land holds impeccable value because it lays the foundation of a place that comes with all the facilities and amenities needed to live a good life. 

However, suppose you are a residential land investor in Pakistan. In that case, we suggest you research and do your due diligence on the properties you are interested in. some of the things you need to consider before investing in Land in Pakistan include accessibility to the property, the closeness to local amenities, schools, roads, transport options, hospitals, crime rate, etc. 

 

So, these are some of the types of Land in Pakistan that you need to know about. We hope this blog proved to be informational to you and will help you to make well-informed investment decisions in the future.

If you have any questions or suggestions, leave a comment in the comments section below, and we will get back to you as soon as possible.

 




Graana.com unveils Jinnah Square Residential Apartments – a project by JSM Heights | Graana.com Blog



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After setting a pragmatic benchmark by introducing several state-of-the-art real estate projects, Graana.com takes pride in partnering with JSM Heights to unveil ‘Jinnah Square Residential Apartments’ – An Altitude of Luxury Living.

A grand launch event was hosted to officially introduce the luxury Jinnah Square Residential Apartments as a flagship project and announce Graana.com – Pakistan’s First Real Estate Marketplace as the Exclusive Sales Partners of the project developed by JSM Heights Pvt. Ltd.

Commenting on this collaboration, CEO Graana.com, Mr. Shafiq Akbar stated; “We are excited to collaborate with the JSM Heights to launch the luxury Jinnah Square Residential Apartments project in Lahore. With Graana.com, we seek to grow our brand portfolio across Pakistan, to meet the demand of quality residential projects and support the growth of the country’s real estate sector.”

Expressing delight on this collaboration, Director Graana.com, Mr. Farhan Javed announced; “Graana.com is pleased to announce its support for the Jinnah Square Residential Apartments by JSM Heights. This collaboration introduces a luxury residential facility in the heart of Lahore, and also presents a lucrative investment opportunity.”

While addressing the event, Director JSM Heights Pvt. Ltd. Mr. Sahibzada Imran said; “We are thrilled to collaborate with Graana.com to unveil ‘Jinnah Square Residential Apartments’ – the first luxurious apartments project in the city, offering the best out of home-ownership to enjoy the benefits without the hassle of continuous maintenance.”

Chairman JSM Heights Pvt. Ltd. Dr. Riaz Khan said, “The luxury project located at the prime location of Main Khayaban-e-Jinnah Road, Lahore, offers unmatched facilities and amenities.”

“Within 5 years of its launch, Graana.com has set a benchmark by introducing state-of-art real estate projects that fulfils the conditions of OADD – based on Ownership. Approval. Demand and Delivery model. After vetting several projects, we are pleased to partner with JSM Heights to launch the Jinnah Square Residential Apartments, as it fits the conditions of OADD. It is indeed one of the best investment opportunities in Lahore,” said Director Propsure, Mr. Taimoor Abbasi on the event. 

“Graana.com – a subsidiary of the Imarat Group of Companies achieved another milestone by partnering with JSM Heights to launch the luxury Jinnah Square Residential Apartments. The prime location and the facilities offered by the project, truly makes it one-of-a-kind project to invest in,” said National Sales Head Graana.com, Mr. Asim Iftikhar, while addressing the event.

The ceremony was attended by the prestigious higher management of Graana.com and JSM Heights, including CEO JSM Heights Pvt. Ltd. Mr. Ejaz Khan, Chairman JSM Heights Pvt. Ltd. Dr. Riaz Khan, Director Propsure, Mr. Taimoor Abbasi, Director JSM Heights & CEO Khansons Developers, Mr. Sahibzada Imran, Director JSM Heights & CEO Estate Channel, Mr. Shan Muhammad Anwar, Director JSM Heights & CEO Jamal Builders, Mr. Malik Ashraf Dogar, Country Sales Head, Mr. Asim Iftikhar, Regional Sales Head, Mr. Muhammad Nasir Malik, and General Manager Regulatory, Brig (R) Javed.

The grand launch event was held at the JSM site office – located on Main Khayaban-e-Jinnah Road (near Shaukat Khanum Hospital, next to the University of Central Punjab), Lahore.

The guests were later entertained by Nabeel Shauquat’s captivating musical performance, and were served some of the best of Pakistan’s traditional cuisine.

Prior to the launch event, Graana.com hosted the Jinnah Square Residential Apartment Open House, with all COVID-19 SOPs in check for those looking to invest in the project.   

The lucrative investment opportunity was held for potential buyers and investors to explore the 160 ft. high and fully-controlled residential project, featuring 330 residential apartments.

The project offers a modern lifestyle through state-of-the-art amenities, including VRF technology, double glazed windows, digital facilities like artificial intelligence elevators, a spacious lobby, and rooftop facilities such as a cafe, play area, swimming pool etc.

 




Graana.com unveils an incredible investment opportunity – Jinnah Square Residential Apartments



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Renowned for introducing transformative projects, the marketing partner Graana.com unveils Jinnah Square Residential Apartments – a project by JSM heights. Jinnah Square Residential Apartments is a 160 feet residential project with twin towers A & B consisting of a huge lobby and commercial ground floor. It is a project which aims to provide quality of living while setting benchmarks in Pakistan’s real estate sector. The builders aim to cater to all socio-economic classes with a focus on providing luxury living through state-of-the-art digital facilities. 

 

 

  • 160 feet residential project comprising of twin towers A & B  
  • Ideally located in the heart of the city on 150 feet wide Khayaban-e-Jinnah Road
  • 330 residential apartments located on 2nd to 11th floor 
  • Semi-furnished apartments including installed appliances with the smart virtual assistance system
  • Rapid construction work underway 

 

 

Jinnah Square Residential Apartments are situated at the ideal location of Khayaban-e-Jinnah Road, adjacent to the iconic landmark of the University of Central Punjab. It is easily accessible from other prominent locations like:  

  • 500 meters from Shaukat Khanum Chowk 
  • A 2-minute drive from WAPDA Town & PIA Road Commercial Market
  • A 2-minute drive from Lahore-Islamabad Motorway (M2)
  • A 5-minute drive from Lahore Ring Road (Lake City Interchange)  
  • A 5-minute drive from Expo Center & Financial Business District
  • A 5-minute drive from all major private hospitals of Lahore i.e., Doctor’s Hospital, Evercare Hospital, etc. 
  • A 5-minute drive from all major housing societies e.g., WAPDA Town, Valencia, PIA, Nasheman Iqbal, OPF, LDA Avenue, PCSIR, Abdalian, Johar Town, Town Ship, NESPAK, Punjab Society, Eden, Lake City, etc.  
  • A 10-minute drive from Lahore Metro Train (Orange Line)
  • A 30-minute drive from Allama Iqbal International Airport

 

 

Jinnah Square Residential Apartments offer a smart virtual assistance system with the following digital features:

  •  Digital window blinds
  •  The digital apartment lighting system 
  •  Digital locks of the main door
  •  Digitally controlled home appliances
  •  Digitally controlled air-con system 
  •  Sensor lighting system for corridors
  •  Digital Car Parking

Other prominent features include:

  • 24/7 electricity backup
  • 24/7 CCTV monitoring 
  • Guest rooms
  • Centrally controlled heating & cooling system (VRF technology) 
  • Digitalized car parking on the basement, ground floor, and first floor
  • 8 high-speed lifts from ground floor to rooftop
  • 2 spacious cargo lifts 
  • Rooftop garden, BBQ area, multipurpose Sports Court, and restaurant
  • Terrace garden on the executive floor (2nd)
  • Rooftop swimming pools (common and kids)
  • Gymnasium
  • Community hall
  • Mini cinema
  • Supermarket
  • Laundry services
  • Children day-care centre
  • Garbage chutes on each floor for waste disposal
  • Driver’s accommodation
  • Secure and gated community living

 

 

The following is the payment plan for the apartments along with other details: 

 




Graana.com, PIDE discuss Paradox of Housing Societies in Islamabad



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Graana.com and the Pakistan Institute of Development Economics (PIDE) came together to discuss the ‘Paradox of Housing Societies in Islamabad’ in a webinar.

The outcome of the informative session concluded that the civic agency – Capital Development Authority (CDA), has to play an active role in the effective implantation of housing societies’ regulations and bylaws.

In his opening remarks, Vice-Chancellor PIDE, Dr. Nadeem Ul Haque, stated, “We will be left with no agricultural land very soon, as everyone wants to buy cars, plots and wants to build houses, plazas and housing societies. The monopoly of housing societies and plots for governmental and non-governmental personnel must be strictly regulated. Government must focus on policy implementation.”

Representing Graana.com, Director Graana, Mr. Farhan Javed, explained, “We need to focus on vertical development and building construction. We need to solve as many people have invested in the real estate market, as it is not just a developer who is at stake. Government must focus on investment in this sector.

“We need to move toward digitisation and digitalisation for transparency in the real estate sector,” he further stressed.

“No completion certificate has been issued in the last 25 years by the CDA. About 90% of housing societies in Islamabad are without proper documentation,” stated Senior Research Economist at PIDE, Dr. Lubna Hassan

Tariq Malik, Vice President Media Town Islamabad, also participated in the webinar and shared his views about implementing real estate laws and regulations.

Along with Federal Minister for Science and Technology, Senator Shibli Faraz, all experts and participants of the webinar appreciated PIDE for all the steps taken to address political and social issues.




Graana.com, Atomcamp launch 2-Day Certification in Hospitality & Tourism Management – Gilgit city



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Graana.com, in collaboration with Atomcamp, launch the 2 Day Certification in Hospitality & Tourism Management – Gilgit city,  designed specifically for the youth of Gilgit-Baltistan.

“This hospitality training is part of Atomcamp and Graana’s initiative to train 1000 professionals in Gilgit Baltistan to participate in the creative economy. Other training programs are in the areas of digital skills, art, science and coding boot camps for children and intangible cultural heritage,” said Cofounder ATomcamp Dr. Naveed Iftikhar.

Expressing his delight on this initiative, Chairman Imarat Group and CEO Graana.com Mr. Shafiq Akbar commented, “Every effort made to promote hotel and tourism industry, especially through educational courses like the certification by Atomcamp, is a much-needed quantum leap that not only fills the existing gap but will improve the image of hotel and tourism industries of Pakistan, internationally,”

This initiative signifies a promising outlook of Pakistan’s flourishing tourism industry, as the training aims to fill the existing gap. These developments, in turn, highlights a positive indicator of our economy as a whole,” said Group Director Mr. Farhan Javed while lauding the initiative.

As Graana.com’s third academic collaboration to promote formal education, this course amalgams both theory and practical studies to provides a learning experience by closely examining technological and management matters related to Pakistan’s hospitality and tourism industry.

The certification course, divided into four modules, will train the participants on; 

  1. Restaurant Management 
  2. Tour Operations Management
  3. Hotel Management
  4. Digital Marketing

 

The certification aims to train participants to find extensive acceptance in the job market and open the doors to pursue their businesses bringing innovation in this sector.




Imarat Group of Companies & Graana.com secure another ICCI Achievement Award 2021 from the President of Pakistan



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One of Pakistan’s leading real estate conglomerates – Imarat Group of Companies, and Graana.com, secured the ‘Award for Excellence’ at the 4th ICCI Achievement Awards ceremony.

Chairman Imarat Group of Companies and CEO Graana.com, Mr. Shafiq Akbar, received the award from the chief guest, the President of Pakistan, Dr. Arif Alvi, at the event held at the President House Islamabad. 

This is the second award achievement of the Imarat Group of Companies. Prior to this, the group secured the ‘Leading Construction & Real Estate Group’ award in 2020.

The Islamabad Chamber of Commerce and Industries (ICCI) Awards 2021 recognised and brought to light the top-notch players in different sectors serving national economic growth.

While commenting on the achievement of winning this prestigious award, Chairman Imarat Group of Companies, Mr. Shafiq Akbar, said, “Proud moment and a huge honour as we received the ‘Award for Excellence in Business’ from President Arif Alvi on behalf of a 1500+ strong team.”

The Imarat Group shares the Government’s vision of economic growth. It is creating investment options for locals and overseas Pakistanis that will, as a result, lead to the creation of numerous job opportunities in the times to come.

Emerging as the significant disrupter of conventional real estate practices, the Imarat Group of Companies has successfully delivered profitable yet innovative real estate solutions.

Imarat group has established its nationwide presence, setting offices in major cities across Pakistan with over 1500 people tirelessly committed to embracing evolving technology to enhance their overall service delivery giving the customers all they would ever wish for.

 




Different Ways Cities Can Integrate Urban Renewal | Graana.com Blog



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Urban renewal is an economic and development tool to renovate and resuscitate the aggravated conditions of impoverished or degenerated regions in an urban city. Such regions are marked with dilapidated infrastructure, stunted economy, lack of private investment, inadequate sanitation, unfit living conditions, deteriorating buildings/houses, contaminated water, and so on. Urban renewal breathes a new life in such unsustainable regions and stimulates private investment and sustainable solutions.

Urban renewal revolves around slum improvement, urban regeneration, and gentrification. It can include renovation, relocation, upgradation and demolition of existing structures. Public investment in road upgradation, street cleaning, and improving linkages stimulates the region’s economy as improved infrastructure attracts private investment. 

Urban Renewal Process

 

There are two major ways through which urban renewal can be adapted – regeneration and gentrification. 

 

Urban regeneration is the redevelopment of dilapidated areas marked with poor environmental conditions, high population density, congestion, and related urban problems. It includes improving physical infrastructure through demolition and construction, renovation, and exciting start-ups to reverse the economic downturn and pump up private investments. Most importantly, regeneration does not include relocation or resettlement under any condition. It is also known as a ‘retrofitting’ or ‘revitalisation’ program. 

Urban renewals target congested areas, introduce new land uses, improve linkages to business centres of the city, increase municipal services and amenities, add an aesthetical value, and drive rental and property matters upward. The imminent surge in property values motivates private investors to invest in the region’s regeneration. As a result, congestion, crime rates, and intolerance decrease. A new life and revived community activism emerge to save the region from urban decay. 

 

Ways to Regenerate Urban Areas

  1. Upgrade transportation networks to improve connectivity and elevate ease of doing business.
  2. Mending the dilapidated building and improving the street structure.
  3. The government should offer housing subsidies that incentivise and target the inner-city population to buy property in the region. 
  4. Work with private partners to regenerate the area and add economic stimuli. 
  5. Support small start-ups to kickstart the economy.
  6. Incorporate mixed land-use to attract more population.
  7. Support commercial areas, local schools, water plants, waste management, and affordable housing in the region.
  8. Tree plantation to increase greenery in the area and boost air quality. 
  9. Support small vendors (vegetable sellers, stationery shops, restaurants, etc.).

 

Urban Gentrification:

Urban gentrification is characterised by transforming a metropolitan area from a low-value region to a high value. If urban renewal is targeted to develop a dilapidated region in a high-value neighbourhood, it can be categorised as urban renewal. Other times, it can result from specific urban renewal programs that inflate the region’s property values. 

The term is derived from “gentry”, which means people of a higher social status. In 1964, the term was reintroduced by a renowned sociologist, Ruth Glass, when she studied the influx of middle-class residents into the previously low-income areas of London that belonged to the working class. Urban gentrification is often carried out under the clause of eminent domain, whereby public authorities can compulsorily reclaim private land for civic purposes. 

 

Elements of Gentrification:

  • High property and rental value
  • Displacement of residents as property rates surge high
  • It can be politically driven
  • A rapid rise in employment and business
  • Physical improvement 
  • An upper-middle-class character
  • A surge in city amenities
  • Increased traffic inflow
  • A direct effect on the housing market
  • High rate of taxation
  • Increased transportation cost in accessing central business districts (CBD)

 

The Impact of Gentrification:

  • Change in Neighbourhood Character: Gentrification is a process that tends to displace the existing low-income residents of a region because the abject transformation of the neighbourhood from low value to high value makes the living standards extravagant. For this reason, such a renewal attracts criticism from the public—the entire fabric of the community changes from events to cultural values to street flavour. Therefore, gentrification can lead to socio-economic and political issues.
  • Economic benefits: Gentrification benefits public investors and young families searching for affordable housing in new towns and societies. It generates more tax revenue for the local municipalities as the economic activity rises. Young families can find a safe and reasonable living place with many public services and amenities. 
  • Social Cost: In gentrification, there’s a human cost involved. It reduces the capacity for long-time dwellers to afford their living in an upgraded area marked by expensive services and inflated goods. There’s a chance that a chunk of the population can get displaced or need to be migrated, especially if the gentrification upscales an informal settlement or a slum.
  • Private Investments: In gentrification, private investment also surges and opens avenues for new businesses, new government initiatives, real estate development, reduced crime rate, and more community activism.

 

In totality, gentrification means different things for different sections of society. For the well-off people, it presents an opportunity to acquire safe land. For private businesses, it opens up new market streams to elevate their sales. For governments, it offers a well-sustained tax base. For the local people, it can be a cost if their incomes do not grow simultaneously with the rising prices in the region. If gentrification leads to displacement, it can be deemed a failure of urban planning as it fails to sustain the existing population. In other words, gentrification has a human cost involved, which can lead to displacement, urban sprawl, and mushrooming of slums if not taken into consideration. Hence, urban renewal should always be targeted to rebuild and resuscitate existing communities, not to resettle. 

 




Online Payment Methods in Pakistan | Graana.com Blog


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The eCommerce industry in Pakistan has evolved largely since the pandemic, affecting businesses and the market to a great extent as more and more people are opting for at-home comfort. In today’s digital era, any business or customer needs to be well informed on the online payment methods especially the ones that are operating successfully and securely in Pakistan. Although the traditional COD method still serves, Payment gateways have made a significant impact on the overall health and development of the eCommerce industry. The digital world is still amassing great momentum in the economy of the world.

And for this reason, this blog aims to discuss the payment gateways and their functions that are mostly being used in Pakistan.

“A boost of $36 billion and a 7% GDP boost by 2025 is projected in a McKinsey Global Institute report on how digital finance would be a catalyst for these projected boosts, expected to create 4 million new jobs if it should keep growing.”

A payment gateway operates like a middle-man, providing financial services to both ends that are secured and fast. People use online payment methods for e-commerce as online retailing, online shopping, online bill payment, and e-business, etc. It allows the consumers with an automatic process through their debit and credit card.

Payment getaway highly depends on the nature of your business. Other than the targeted audience, and product/service market; there are many factors that need to be taken into consideration before choosing the type of payment gateway such as, effectiveness, payment flow, simplicity, service care, mobile app, service charges, integration, and checkout process.

1. Bank Transfer:

To make a bank transfer payment, all you have to do is enter the bank name and account number of the receiver in your bank mobile app. It is the easiest and fastest transaction method.

2. Wire Transfer:

Wire transfer works by sending payments through a network to any bank in the world. It is sent from one bank to another using a SWIFT code. People from any part of the world can make financial transactions securely.

4. EasyPaisa

Easypaisa was the first digital payment in Pakistan that was launched by Telenor and Tameer Microfinance Bank in 2009. A mobile application that lets users send and receive money. The EasyPaisa application also lets you recharge mobiles, buy data bundles, do online shopping & pay utility bills. The company is the third largest and has 7.4 million users.

5. JazzCash

The telecom operator Jazz introduced JazzCash in 2012 which is also a wallet-based payment system allowing users to send/receive payments, recharge mobiles, purchase data bundles and pay utility bills. It was formerly known as MobiCash.

6. Upaisa

Upaisa was launched by the telecom operator Ufone in 2013. It is a wallet-based payment method allowing users to make online transactions, pay utility bills, and recharge mobile phones. The company also offers debit cards and all other online financial services that any bank can provide.

7. Payoneer

An online payment system that is mostly used by online businessmen and freelancers all over Pakistan. Payoneer is a debit card, which users can use to draw cash via ATM and send money into their bank accounts. At the moment, Payoneer has 4 million customers. The company offers a very low transaction fee.

8. GoLootLO

A debit card-based payment system, GoLootLo was emerged by the National Bank of Pakistan. It is an online wallet that the user must recharge to operate. Customers can only make use of this system for the retailers that are registered and offering a discount.

9. PayPak

Founded in 2016, PayPak is a national payment system that was introduced in Pakistan by 1Link under the registration of the State Bank of Pakistan to provide financial services and save inter-change costs of International Payment Schemes. Currently, there are 20 banks that are operating through this payment method. A debit card system – PayPak can be used on any ATM and POS terminal in the country.

10. MoneyGram

Moneygram is also an American money transfer company that operates in Pakistan. The money gram method is specifically used to receive payments sent from abroad. A secret code is generated at the time of transaction which is needed for the receiver to get the payment.

11. Western Union

Western Union is an American multinational company used to send and receive money. This money transfer method is used globally. All you have to do is give the receiver’s location and ID number. A small fee is to be paid to transfer money. The user can also exchange currency through the western union. It is the largest and most used company providing online transactional services in 200 countries.

12. Ria Money Transfer

Ria Money Transfer has become one of the top money transfer companies in the world, specializing in money remittance. It provides online money transfers from one location to another. Amongst Pakistan, the company operates in many other countries as well. Users can send money within or outside of Pakistan.

To send money all you have to do is provide your name, number, address, and the receiver’s phone number, along with bank details. After all the details have been given, the transaction can be made.

14. Keenu Wallet

Keenu Wallet is a digital application that works as an electronic card. Owned by Wemsol Private Limited, it lets the customers exchange money through an electronic device. To register you need to set up a profile and link your account with it. Their transaction process is equipped with the latest security feature for a safe and rewarding payment flow.

15. FonePay

Driven by Mastercard, FonePay was the first and biggest electronic payment method introduced in Pakistan offering effective and easy-to-use goods and lifestyle services for businesses.

If you are running a business, all you have to do is sign up on their website and link your bank account with their platform. Businesses can receive payments from their clients with the help of QR codes. Similarly, customers or clients can also register on their website. One of the most compelling features of FonePay is that allows the customer to use multiple bank accounts.

 

If you liked our blog, talk to us by telling us about the payment method that you find the most convenient and fast. Keep reading Graana blogs to stay ahead and informed.




Graana.com collaborates with Atomcamp for Certification in Hospitality & Tourism Management – Gilgit city


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Being a strong supporter of the Hospitality & Tourism sector in the country, Graana.com is proud to announce its collaboration with Atomcamp for Certification in Hospitality and Tourism Management – Gilgit city.

The course, set to commence from September 5, 2021, is a two-day training for a Certification in Hospitality and Tourism Management, designed specifically for the youth of Gilgit-Baltistan by Atomcamp. The training will take place in the Software Technology Park in Konodas, Gilgit.

The training is divided into four modules;

 

Restaurant Management

Under this module, the participants will be briefed on aesthetics, hygiene, cultural food and commercial awareness.

 

Tour Operations Management

This module will focus on destination marketing, ticketing, itinerary building and guest management.

 

Hotel Management

Module 3 is an amalgamation of maintenance, client management, guest care, and professional communication.

 

Digital Marketing

The module will brief the participants on video editing, vlogging, content creation, photography, and social media marketing.

 

How to Apply?

The register for the two-day certification, starting from Sept 5, enrol at Certification in Hospitality & Tourism Management – Gilgit city.

Those looking to apply will be asked to fill out personal details and submit information. The participant fee for the certification course is Rs. 500.

 

About the Course

The course participants will be trained to find extensive acceptance in the job market and open the doors to pursue their businesses bringing innovation in this sector.

 

Graana.com

This is Graana.com’s third academic collaboration to promote formal education.

An amalgamation of both theory and practical studies, the certification provides a learning experience by closely examining technological and management matters related to Pakistan’s hospitality and tourism industry.

Graana.com has previously collaborated with the National University of Sciences and Technology (NUST) to introduce Certification in Real Estate Science – Level 1.

And the University of Central Punjab (UCP) to launch Pakistan’s first Bachelors in Real Estate Management




List of NOCs, Approval Required for Project in Jurisdiction of CDA: Private Land | Graana.com Blog


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The Capital Development Authority (CDA) has devised a procedure for the ease of the people looking to undertake real estate development or investment in private land or any housing society, as explained by Graana.com. 

The list of required documents for a project in the case of private land is as follows: 

  1. Ownership Documents: 
    1. Fard (Attested by Patwari or Tehsildar) 
    2. Aks Shajra (Attested by Patwari or Tehsildar) 
    3. Non-Encumbrance Certificate (NEC) attested by Tehsildar
  2. Preliminary Planning Permission (PPP) Letter from Planning Wing, CDA. 
  3. Approved Layout Plan. 
  4. Approval letter of Design Vetting Committee (DVC). 
  5. Approved Building Plans Letter. 
  6. Approved Building Plans vetted by the Competent Authority. 
  7. Third-party vetting Certificates: 
    1. Structural Design Vetting Certificate 
    2. Mechanical, Electrical and Plumbing (MEP Certificate) 
    3. Firefighting Certificate 
  8. Access Road Approval (In case of CDA major avenues & Astride Roads). 
  9. Approved letter from National Highway Authority (NHA) (In case of GT road). 
  10. Height Clearance Certificate from Civil Aviation Authority (if in the surrounding of Airport or to achieve maximum height). 
  11. Utilities Connection Approvals: 
    1. Approval letter from Sui Northern Gas Pipeline (SNGPL) 
    2. Approval letter from Islamabad Electric Supply Company (IESCO) 
    3. Approval letter from Water Supply System 
  12. Approval letter for Fire Fighting System. 
  13. NOCs/ Environmental Approval from Pakistan Environmental Protection Agency (PakEPA). 
  14. Building Completion Certificate.

 




Graana.com collaborates with UCP to introduce Pakistan’s First BS in Real Estate Management


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Graana.com scores a first in academia yet again, as it partners with the University of Central Punjab (UCP) to launch Pakistan’s first Bachelors (BS) in Real Estate Management (REM) – a four-year formal education degree.

The degree introduced after a thorough consultation and deliberation with Vice-Chancellor Rear Admiral (R) Dr. Nassar Ikram, HI(M) will turn over a new leaf in the real estate sector, as it will provide substantial professional human capital.

This is the second collaboration of Graana.com with the renowned academician, having previously served as Pro-Rector, National University of Sciences and Technology (NUST), to launch Pakistan’s first Real Estate Certification – Level 1

Furthermore, the programme will enable to find out the existing loophole in the real estate sector, which will be addressed through an academic approach. 

 

Procedure to Apply

The courses offered in the programme include Introduction to Real Estate Business and Industry, Construction Engineering and Practices, prospects and challenges, project management, strategic property management law, asset management, evaluation, planning, etc. The admission fee for the course is Rs 25,000. 

To register for the course, visit: BS Real Estate Management 

 

About the Course

The graduates of the course will be trained to find extensive acceptance in the job market and open the doors to pursue their businesses bringing innovation in this sector.

An amalgamation of both theory and practical studies, the one-of-a-kind degree provides a learning experience by closely examining technological, management and legal issues related to the real estate profession