CBD PUNJAB EXECUTES HISTORIC LAND TRANSFER IN RECORD 24 HOURS’ WORTH 6.9 BILLION PKR

The Punjab Central Business District Development Authority (PCBDDA), also known as Central Business District Punjab (CBD Punjab), has successfully completed the fastest land transfer in its history, closing a transaction worth 6.9 billion PKR for plots Lahore Prime 4 & 5. Taxes deposited for this transfer exceeded 310 million PKR to the government treasury through the Board of Revenue (BOR), marking the largest plot transfer at auction price in Punjab.

This significant transfer, involving a 23-kanal plot owned by the Pakistan Corporate Consortium REIT fund, is a milestone for both CBD Punjab and the Pakistan Corporate Consortium (PCC). It represents the first plot to be transferred by CBD Punjab to PCC, with the BOR recording its largest transfer fee on a single purchase for the year 2023-2024.

In a groundbreaking move to boost investor confidence and streamline business operations, CBD Punjab has fulfilled its promise of transferring land to investors within record 24 hours of full payment. This achievement underscores CBD Punjab's dedication to creating an efficient, investor-friendly environment.

CBD Punjab has committed to providing a one-window operation for its investors, simplifying processes and ensuring a hassle-free experience. Demonstrating this commitment, CBD Punjab recently completed the transfer of ownership for two amalgamated plots in Lahore Prime CBD Punjab Quaid District to the Pakistan Corporate Consortium (PCC) following their full payment. PCC emerged victorious in the competitive auction for these plots, marking a significant milestone in their investment journey.

Commenting on the swift transfer process, CEO CBD Punjab Imran Amin said, "This achievement reflects our unwavering commitment to providing our investors with the best possible experience. At CBD Punjab, we believe in creating an environment where investors can thrive and contribute to the economic development of the region. Our one-window operation is designed to make the process as smooth and efficient as possible, and we are proud to see it in action."

With the land transfer completed, the next phase of development is set to commence. CBD Punjab will provide full support in building design and other formalities required for the construction of its first skyscraper. This landmark project is expected to set new standards in urban development and further reinforce CBD Punjab's position as a premier investment destination.

Comments

47% of Asia Pac businesses have no emissions plan in place despite the climate emergency, reveals new report from ACCA, IFAC and PwC

As world leaders gather for COP 28, ACCA (the Association of Chartered Accountants), IFAC (the International Federation of Accountants) and professional services firm PwC released a new report: The role of the CFO and finance function in the climate transition: driving value and sustainability, based on a survey of 1,000 senior finance professionals around the world. The research reveals 47% of respondents in the Asia Pacific region have yet to produce a plan for reducing their carbon emissions. Alarmingly, 69% of those respondents without an emissions plan say they currently have no intention of developing one. This compares with global figures of 46% of respondents who have yet to prepare an emissions plan and 70% of those say they currently have no intention of developing one. The report also says that that involving CFOs and finance teams in the emissions reduction planning is likely to accelerate progress. They should embrace this because, although they may no

ACCA highlights importance of empathy, flexibility and innovation to SMEs as UN celebrates small businesses

Empathy, adaptability and the human touch are vital to SMEs navigating through today’s dynamic and challenging business landscape, according to a new report launched by ACCA (the Association of Chartered Certified Accountants). This collection of stories and a toolkit brings together real-world experiences from finance leaders, entrepreneurs, and business support organisations across the globe, showcasing the role of accountants in guiding SMEs through the challenges and opportunities of today's dynamic business landscape. Aleksandra Zaronina-Kirillova, ACCA's Head of SME Professional Insights, says: “In a world where SMEs are confronted with rapid change, from navigating digital transformation and sustainability, to managing talent shortages and inflation, the role of accountancy professionals as empathetic and indispensable partners has never been more vital.” “Accountants, with their unique blend of financial expertise,

Sales Partners Summit organized by CBD Punjab

Punjab Central Business District Development Authority (PCBDDA), also known as Central Business District Punjab (CBD Punjab), organized Sales Partners Summit . The aim of the summit was to create awareness about the projects of CBD Punjab. Members from the real estate and business community participated in the summit. COO CBD Punjab, Brigadier (R) Mansoor Janjua,Executive Director Commercial CBD Punjab, Mohammed Omer, Executive Director Legal CBD Punjab, Barrister Bilal Afzal Khokhar, Director Marketing CBD Punjab, Waseem Siddiq, Director Operations CBD Punjab, Colonel (R) Fazeel Ghumman and other officials of CBD Punjab attended the event. While addressing the event COO CBD Punjab Brigadier (R) Mansoor Janjua welcomed all partners to CBD Punjab. He said that CBD Punjab is making a business district on an international scale, which will pave new ways for the development of Punjab and provide new business opportunities. Executive Director

Daily TechPK

Search This Blog