Punjab Province

Lahore | ReNews Pakistan
On the orders of the Lahore High Court, a three-member grievance redressal committee of NEPRA has, after a formal hearing, directed the Bahria Town Lahore administration to issue residential electricity bills in accordance with the LESCO format.
The committee also instructed that all approved charges must be clearly mentioned on the bills. NEPRA rejected Bahria Town’s demand for bulk net metering facility on its bulk supply connection.
In its decision, the committee ordered the Bahria Town administration to clearly include all approved charges in electricity bills as per rules. It further directed that maintenance charges should be collected separately and must not be made part of electricity bills.
The committee also directed LESCO to install bi-directional meters on Bahria Town connections. It said that solar consumers and Bahria Town should resolve issues related to net metering agreements and exported units through mutual understanding and in accordance with the law.
NEPRA observed that Bahria Town does not possess a licence for electricity distribution and supply. It stated that Bahria Town is allegedly charging consumers an illegal flat per-unit rate along with four different types of charges.
The authority further noted that Bahria Town is illegally capping solar export units, causing serious difficulties for residents.

Lahore | ReNews Pakistan
A proposal has been prepared to allocate Rs 52 billion for the Punjab Board of Revenue in the upcoming budget. According to details, the budgetary volume for 27 new development schemes has been set at Rs 17.03 billion.
An amount of Rs 90 million will be earmarked for the digitization of land records in seven districts, while Rs 530 million will be allocated for the construction of rural roads and link roads in Bahawalnagar and Bahawalpur.
In Lahore, an integrated disaster management system will be established at a cost of Rs120 million. The provincial government has also proposed allocating more than Rs 500 million for the construction and rehabilitation of deputy commissioners’ and commissioners’ offices across Punjab.
An amount of Rs559.8 million will be released for ongoing projects of the Board of Revenue, while Rs 50 million has been proposed for protection work against erosion caused by the Chenab River.
For the construction of deputy commissioner complexes and emergency operation centres in Kot Addu and Murree, Rs50 million each is expected to be approved. A sum of Rs 530 million has been proposed for the Cholistan Development Authority, while Rs 290 million will be allocated for the construction of a complex.
A disaster risk reduction project worth Rs 40 million will also be approved for flood protection measures. Separately, Rs 336 million has been proposed for ongoing projects of the Board of Revenue, while Rs4.82 billion has been suggested for new schemes.
In Hafizabad, Rs 60 million will be released for the installation of two 50 kilowatt solar systems at the deputy commissioner’s office and camp office. A Rs 50 million project will also be approved in Mianwali to protect areas along the Indus River from erosion.
The budget proposals further include the allocation of funds worth millions of rupees for the renovation of the assistant commissioner’s house and deputy commissioner’s office in Rawalpindi and Attock. In addition, Rs46.3 million is being allocated for the improvement of tehsil complexes in Pasrur and Daska.

Lahore | ReNews Pakistan
UK based real estate group One Homes has announced a $35 million investment in Lahore for a new luxury high-rise residential project. The announcement is being seen as a major step in the company’s renewed investment activity in Lahore after the successful completion of its One Canal Road project.
The company has acquired a prime site on Raiwind Road, where its new residential development will be launched. The investment comes after the completion of One Canal Road and the handover of units to buyers. One Canal Road was designed by internationally renowned Miami-based architect Kobi Karp, while its interiors featured Versace Ceramics.
One Canal Road set a new benchmark for luxury residential prices in Lahore. A 10,000-square-foot sky villa in the project was offered for sale at Rs 1 billion, which is being described as the most expensive penthouse in Pakistan’s history.
The new site on Raiwind Road in Lahore West offers direct access to the city’s central areas. The location is only about 10 minutes away from Canal Road and the Lahore Ring Road. The 85-kilometre-long Lahore Ring Road connects different districts of the city with the national motorway network, making the area highly significant for both residential development and investment.
One Homes, part of One Group, is among the prominent real estate companies bringing foreign investment into Pakistan. The company’s ongoing development portfolio in Lahore and Islamabad is valued at more than $435 million and includes One Serene Residences, Amaya Residences and Diyar.
The group was founded by prominent businessman Zeeshaan Shah, while the company currently operates across four different countries.