Lahore (NUT DESK)
Prime Minister Imran Khan visited the ongoing development works site of Central Business District Punjab. On this occasion, the Prime Minister was briefed on the successful auction and the related development work of Lahore Prime along with the upcoming auction of 7 new mixed use commercial plots. It may be recalled that as a result of the auction of Lahore Prime, the government got revenue of up to Rs 24 billion and the construction of these buildings will also create innumerable employment and business opportunities.
The Prime Minister was further briefed on the new auction of ‘Lahore Downtown’ which is expected in late February, as a result of which, 7 mixed used commercial plots will be auctioned. Investors are already showing great interest in Lahore downtown. The government is expected to earn significant revenue from the said auction. For the first time in history, unused government land is being used positively which will create innumerable opportunities in terms of wealth generation as well increase in human resources.
On this occasion, Imran Amin – Chief Executive Officer for Lahore Central Business District Development Authority said, “Projects like the Central Business District in Pakistan are extremely vital for revival of dead capital, urban regeneration through sustainable vertical development and in creation of jobs & business opportunities. The CBD Punjab is making great progress in attracting investments which is reflected in the successful auction of Lahore Prime. Wealth generation worth PKR 1,500 Billion is expected from this project. We are looking forward for the success of 2nd phase, the Lahore Downtown”.
The Central Business District is being developed under the vision of Prime Minister Imran Khan and under the guidance of Punjab Chief Minister Sardar Usman Bazdar, with the aim of protecting the environment as well as promoting sustainable development. The PM delegation included Chief Minister Punjab – Sardar Usman Buzdar, Minister of Information & Broadcasting – Fawad Chaudhry, Minister for Planning, Development, Reforms & Special Initiatives – Asad Omer, Federal Minister for Education & Professional Training – Shafqat Mahmood, SAPM on Political Commutation – Dr. Shahbaz Gill, Minister of Estate for Information & Broadcasting – Farukh Habib, Advisor for Commerce & Investment – Razzaq Dawood, Chairman NAPHDA – Lt. Gen Anwar Ali Haider, Chief Secretary Punjab – Kamran Ali Afzal along with district & provisional administration.