ISLAMABAD: The Asian Development Bank will officially be allocated a plot on Shahrah-e-Jamhuriat in the Red Zone of the federal capital after the Prime Minister’s approval.
The plot to the international financial institution (IFI) will be allocated by the Capital Development Authority (CDA) after the Federal cabinet approved of the plan.
The CDA awaits the payment to be submitted by the ADB, after which an allotment letter will be issued accordingly.
The Asian Development Bank will construct a ground plus five storey country office building, with a basement for car parking on the allocated plot.
Even though CDA reserves all plots for specific buildings, the formal approval is granted by the Prime Minister of Pakistan for the commencement.
Prior to this, a one-acre plot was earmarked by the CDA for the ADB in 2006. However, the IFI did not pursue approval.
For news and blog, visit Graana.com.
Kalabagh, a small yet historically significant town in Pakistan’s Punjab province, is located within the…
Nazimabad Number 2 is a well-known neighbourhood in Karachi, Pakistan, renowned for its vibrant community,…
Quetta Town is a residential neighbourhood located in the vibrant city of Karachi, Pakistan. Known…
Akbar Chowk in Lahore stands as one of the city’s most critical intersections, serving as…
Khuda Baksh Colony, located near Bhatta Chowk in Lahore, is a rapidly developing residential area…
Gol Market in Karachi is one of the city's most iconic and bustling commercial centres.…
Welcome to Graana Blog - Pakistan’s Smartest Property Portal!
For more than a decade our intention has been to revolutionise the real estate industry in Pakistan. The same belief drove the vision of our real estate team, Graana where quality beats quantity.
We have introduced an extremely transparent and purposeful portal where we will help you buy, rent or sell your property. A place where you can sit back relax and let us market your projects and listings. We believe we have set new standards for the future of real estate in Pakistan by providing the smartest property portal.
