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Several brokerages lowered predictions for Hong Kong economic growth, and Mainland markets posted sharp declines to help drive Hong Kong stocks lower after a two-day rally.

Hong Kong's Hang Seng Index opened 100 points higher, but worries over possible fund raising by Chinese banks helped drive the index sharply lower in the late afternoon.

Chinese and Hong Kong blue chips consolidated at the 19,000 level after Thursday's whopping gain, and turnover fell. Renewed optimism for a solution in Europe is driving bulls.

After weeks of volatility, China stocks have hit a critical point and could be on a downtrend. China's announcement it was scaling back its GDP target for 2012 hurt sentiment.

Hong Kong opened lower, and losses accelerated in the afternoon due to weakness in Mainland and European markets. Very slow turnover reflected investor caution.

China's mainland markets weighed on Hong Kong blue chips despite opening slightly higher after good results from a stress test of U.S. banks.

The Islamabad Capital Smart City enjoys a premium location in the suburbs of Islamabad and Rawalpindi. The society lies near the Thallian Interchange on Islamabad - Lahore Motorway M2. The housing society is at a 5-minute drive from New Islamabad International Motorway. On the other side, the housing society bisects Chakri Road from Rawalpindi. CSC is one of the only societies in the area that has a No Objection Certificate (NOC) from the Rawalpindi Development Authority (RDA). Also, this society has also been approved by the National Highway Authority (NHA) and FWO to construct a dedicated interchange on Lahore - Islamabad motorway. The location also lies in close proximity to the proposed Rawalpindi Ring Road as well as the upcoming China Pakistan Economic Corridor (CPEC) route. According to the location and map of Islamabad Capital Smart City, the CSC is set to be constructed on a land area of 60000 Kanals. The river Sill and adjunct Chauhan Dam lie within the housing society. It is one of the only housing societies in the region that has access to natural water resources. Apart from this, the housing society is strategically located to enjoy undisrupted access from major roads of Rawalpindi and Islamabad. The Capital Smart City Map & Location can be downloaded by clicking here.