Investment in Karachi

CDWP approved Karachi Transformation Plan

Federal government considered the much awaited infrastructure projects of the city of lights worth Rs739 billion titled Karachi Transformation Plan to be financed through public-private partnership (PPP). The Central Development Working Party (CDWP) granted its go ahead for undertaking the Karachi Transformation Plan (KTP) at an estimated cost of Rs739 billion that would be financed through the Public...

ECC approved Karachi Transformation plan of more than 100 projects

The Economic Coordi­nation Committee (ECC) of the Cabinet on Thursday “endorsed” Rs739 billion Karachi Transformation Plan (KTP) and allowed revision in the Master Plan for five terminals at Port Qasim. The meeting of the ECC presided over by Finance Minister Dr Abdul Hafeez Shaikh. ECC discussed the plan thoroughly and endorsed, in principle, with the direction to secure approval from all...

World’s 3rd largest & Pakistan’s largest mosque in Bahria Town Karachi

Grand Jamia Masjid, Bahria Town Karachi is the World's 3rd largest & Pakistan's largest mosque, a dream of Malik Riaz. Bahria Grand Mosque will have capacity to accommodate 800,000 people. Its mix of Islamic & Mughal style architecture. Bahria Town, one of Pakistan’s largest real estate developers owned by property tycoon Malik Riaz, is building the world’s third largest mosque...

Karachi’s Bundal Islands development will benefit people in job and business growth

Prime Minister said that in the wake of rising demand in the Karachi city’s housing, development of Bundal & Buddo Islands is very important. Development of Bundle & Buddo Islands will give tremendous job & business opportunities to people of Sindh as well as increase the revenue of Sindh government, because of tourist destination and business hub. These islands are small islands...

Top Investment locations of Karachi

There are plenty of options to invest in the property sector in the city of lights, the largest and most populous city of Pakistan – Karachi. It is spread over an area of 3,782 km sq., home to over 19 million people. Located on the eastern coast of the Arabian Sea, just northwest of the Indus river delta, Karachi is home to Pakistan’s two largest seaports, the Port of Karachi and Port Bin Qasim. It...

Cooperative Societies of Karachi which are safe or dubious for investment

The SBCA has a proper e-portal system, which is linked to all the land owing agencies of Karachi. When the building plan of any plot comes to the Single Window Facility of SBCA for approval, the Authority wants the verification of its layout plan by the Master Plan Department (MPD) of the relevant land-owing agency along with the name of the person it has been allotted to. The MPD of the land owing...

Karachi Circular Railway project resumed finally

Preparations are being made for test trial of Karachi Circular Railway (KCR) project, as six-month deadline set by the Supreme Court for making this project functional, is approaching next month. Karachi Commissioner Mr. Iftikhar Ali Shallwani held a meeting regarding the revival of the Karachi Circular Railways (KCR). Commissioner Karachi Iftikhar Shalwani inspected the track laying process started...

Would investors see some relief from Bahria Town Karachi

Good days of Bahria Town Karachi (BTK) investors would soon become reality. Owner of Bahria Town seems serious to give relief to their investors who are worried for the last many months. In the last hearing, the management of Bahria Town offered payment of Rs479.598 billion (all inclusive of fee, charges, duties, taxes etc comprising of land price, regularisation fee and profit for full and final...

Malik Riaz promised to secure his investors’ investment

Malik Riaz, in his recent statement on social media, promised to secure his investors’ hard earned money which is invested in his Bahria Town projects. He also promised to deliver such projects brilliant projects in future too. Malik Riaz and Bahria Town is expected settle its cases in near future which would definitely bring sigh of relief among Bahria’s...

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