Malaysian-Based Renexus To Build 160,000 Houses In Pakistan: Bernama

KUALA LUMPUR, Aug 20 (Bernama) -- Renexus, a world renowned Malaysian construction company, has submitted a formal proposal to the Pakistan Government for the construction of 20,000 low-cost houses in each of the eight major towns.

Pakistan High Commissioner to Malaysia Lt-Gen (Rtd) Tahir Mahmud Qazi said the state land in major towns -- Lahore, Rawalpindi, Multan, Bahawalpur, Faisalabad, Sargodha, Gujaranwala and Sialkot would be utilised to build quality houses through private sector participation and financial institutions.

Describing Renexus' proposal as the beginning of a mutually beneficial cooperation between the two countries in the housing sector, Qazi invited other Malaysian companies to take full advantage of the Pakistan government's vision to provide decent housing to low-and middle-income families.

"The supply and demand gap in the housing sector will be met by public and private partnerships wherein the government will serve as the enabler, regulator and facilitator," he said in a statement.

For major investments, Qazi said it would be tapped from the private sector, both local and foreign and financial institutions.

For more on this article, please click on the following link: Malaysian-Based Renexus To Build 160,000 Houses In Pakistan: Bernama

Pakistanis estimated to have investments worth Rs.190 billion in UAE estate sector: APP

DUBAI, UAE, March 28 (APP) ‑ Pakistani businessmen have invested about Rs. 190 billion or more than 8.7 billion dirhams in the real estate sector of United Arab Emirates (UAE).

This was stated by the president of Pak UAE Business Council Dubai Iskandar Sultan while welcoming the visiting delegation of FPCCI here at a dinner on Friday.

Pakistani Ambassador in UAE Khursheed Junejo and leading Pakistani businessmen in the Emirates were also present on the occasion.

He said that Pakistan has become the top third investor in the UAE real estate sector.

He said that more than 6000 Pakistani companies were operating in the Emirates and was greatly contributing to its booming economy.

Leader of the Pakistani delegation Dr. Mirza Ikhtiar Baig on the occasion invited Pakistani companies to invest in Pakistan’s agriculture, dairy farming, energy, telecommunication sectors alongwith textile city and other projects that offer high return on investment.

Earlier, in the day, Pakistani delegation visited Sharjah Chamber of Commerce and Industry and invited investment from UAE businessmen in infrastructure, alternate energy and agriculture.

For more on this article, please click on the following link: Pakistanis estimated to have investments worth Rs.190 billion in UAE estate sector: APP

Who owns the moon? It's 'complicated,' say experts: CNN

By Lara Farrar

For CNN

LONDON, England (CNN) -- One of Francis Williams' favorite stories to tell is about the time he was pulled over for speeding.

As countries and companies plan to go to the moon, a debate heats up on lunar property rights.

Williams, who had been in London on business, was driving home through the English countryside when a police officer stopped him and wanted to know two things: Was Williams aware of how fast he was driving? And, what was his profession?

It turned out the response to the second question would help Williams resolve the first: "I said, 'I sell land on the moon,'" said Williams. "And [the police officer] said, 'Do you know, my wife has bought some of that.'"

The answer to the first question was subsequently forgotten.

Williams, who describes himself as the "Lunar Ambassador to the United Kingdom," is the owner of MoonEstates. He claims to have sold around 300,000 acres of moon land since he and his wife, Sue, founded the Cornwall-based company eight years ago. One-acre plots of lunar turf go for about $40.

As proof of purchase, new property owners receive a silver tin containing a personalized "Lunar Deed" and a moon map with a tiny black X marking their tract's approximate location. Most of the land Williams sells is in the northwest, in an area known as Oceanus Procellarum, or Ocean of Storms -- a desolate lava plain formed by volcanoes billions of years ago. "I know the Japanese are [selling] further east," he said.

For more on this article, please click on the following link: Who owns the moon? It's 'complicated,' say experts: CNN