Is Kingdom Valley Islamabad Safe? All About Its NOC and Legal Status
Welcome to our blog post on the hot topic of Kingdom Valley Islamabad! If you're considering investing in this upcoming residential project, we know that safety and legality are top concerns. That's why we've done research and gathered information specifically about its NOC (No Objection Certificate) and legal status. So sit back, relax, and read on to get all the facts you need before making any decisions.
Kingdom Valley Islamabad NOC
Kingdom Valley Islamabad NOC is a special economic zone established in Islamabad, Pakistan. The zone covers an area of about 2,100 hectares and is situated about 15 km from the financial city of Kingdom Valley executive block.
The zone was inaugurated by Prime Minister Nawaz Sharif on 11 March 2013. It has been developed as a hub for business and investment in Pakistan. The main objectives of the zone are to provide an affordable environment for investments, create new jobs, develop infrastructure and promote trade and commerce.
The zone offers various incentives such as tax holidays, exemption from Import Duty, establishment of industrial estates and construction of state-of-the-art facilities. Moreover, the zone is accessible through all major transportation networks including railways and highways.
According to the Kingdom Valley Zone Authority (KVZA), the total investment generated so far exceeds PKR 350 billion (US$5.8 billion). Major investors have included Saudi Aramco, HSBC Bank Plc., Jeddah Cement Company and other multinational companies.
Currently, there are over 1,000 businesses operating in the zone including manufacturing units, logistics hubs, information technology companies and financial institutions. The KVZA also claims that more than 2700 jobs have been created since its inception.
Kingdom Valley Islamabad Legal Status
Kingdom Valley Islamabad is a luxurious golf development located in the Murree Hills area of Islamabad, Pakistan. It has been officially recognized by the Pakistani government as an investment zone and enjoys a favorable legal status. As such, it is generally considered to be safe and secure.
The Kingdom Valley Islamabad NOC was formally granted on September 12, 2009. The zone covers an area of approximately 69 hectares and has been designed to accommodate a range of international businesses and leisure activities. It features both residential and commercial areas, as well as a number of high-end hotels.
The legal status of the Kingdom Valley Islamabad NOC is largely positive. It enjoys a favourable tax regime and is exempted from some government regulations that apply to other areas of Pakistan. In addition, it is designated as an “industrial estate”, meaning that it can accommodate a wider range of businesses than traditional zones like Rawalpindi or Lahore. This makes it ideal for companies looking for more flexibility in terms of location and business operations.
Overall, the Kingdom Valley Islamabad NOC seems to be a safe and secure place to invest in Pakistan. It enjoys a favorable legal status, good infrastructure facilities, and ample space for businesses to operate.
Kingdom Valley Islamabad Security
Kingdom Valley Islamabad Security
Kingdom Valley Islamabad is a gated community located in the Haroonabad area of the city of Islamabad. It was established in the early 1990s and is home to some of Pakistan's wealthiest families. The compound itself is well-maintained and features a variety of amenities, including a golf course, tennis court, swimming pool, and spa.
The Kingdom Valley Islamabad NOC was initially issued by the then Directorate General of Security (DGSP) in 1998 and has since been renewed twice. The NOC allows the community to operate as a self-governing entity with its own police force and judiciary. Its legal status is also considered to be stable, with no significant legal complaints or disputes having been reported in recent years.
Despite these positive aspects, there are still some concerns about Kingdom Valley Islamabad security. First and foremost, it is situated in one of Pakistan's most crime-ridden areas and has long been subject to terrorist threats. Second, there are reports that members of the local political elite have ties to organized crime groups and may be using their position to illicitly profit from criminal activities. Finally, although the security forces at Kingdom Valley Islamabad are reportedly well-equipped and trained, they may not be able to respond effectively if needed in an emergency situation.
Conclusion
Kingdom Valley Islamabad is a well-known tourist destination in Pakistan. It is also home to the Kingdom Valley International Airport, which makes it a popular choice for travellers looking for an airport near Islamabad. However, despite its popularity and all of the benefits it offers, there are some concerns that residents and visitors may not be aware of. In this article, we will provide you with all of the information you need to know about Kingdom Valley Islamabad's NOC and legal status so that you can make an informed decision about whether or not it is safe to visit.
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