Everyday News

Punjab Govt to establish Ferozepur Road as a Central Business District

LAHORE: The Punjab Government has announced the development of Ferozepur Road as a Central Business District (CBD) by constructing modern high-rise commercial buildings.

invest with imarat

Islamabad’s emerging city centre

Learn More

The proposal involves erecting towering commercial centres at the sites of Rescue 1122 Academy and Camp Jail.

As per the estimates, the development of the area into a CBD has the potential to generate billions of rupees for the provincial government.

In a meeting held recently, Punjab Caretaker Chief Minister Mohsin Naqvi discussed the proposal and instructed the relevant authorities to prepare a comprehensive plan for the commercial buildings.

Furthermore, he urged officials to explore alternative locations for Camp Jail and Rescue 1122 Academy to make way for the proposed high-rise commercial centres.

The construction of high-rise commercial centres in the middle of the city is expected to promote commercial activities and boost economic growth. In light of this, the provincial government has been urged to expedite the CBD Cooperative project.

This initiative is part of the government’s broader efforts to promote economic growth and development in the province, which is expected to create job opportunities and boost investment in the region.

At present, the provincial government has not released any details on the timeline or cost of the project.

However, officials have stated that the project will be completed in phases. It is anticipated that the proposed development will bring about a significant economic boost and create an enabling environment for businesses to thrive.

For news and blogs, visit Graana.com

Laila Waqar

Laila Waqar is the Content Lead at Graana.com. With a bachelor's degree from LUMS, her expertise lies in curating research-based content in line with market marketing requirements. She is a detailed-oriented professional who focuses on delivering quality content that is enlightening and engaging.

Recent Posts

Lahore’s Central Business District Completes PKR 9 Billion Smart Road Project

Lahore, April 23, 2025 – The city of Lahore has successfully completed the construction of…

11 hours ago

Chaaye Khana Unveils First-Ever Rooftop Outlet at Amazon Mall with Panoramic Views

ISLAMABAD, Pakistan – April 23, 2025 – Chaaye Khana, Pakistan's popular cafe renowned for its…

2 days ago

PM Shehbaz Inaugurates Murree Road Underpass Project

ISLAMABAD: Prime Minister Shehbaz Sharif laid the foundation stone for the Murree Road underpass on…

2 days ago

Pakistan Emerges as Prime Investment Destination, Say Real Estate Developers at Dubai Property Show

DUBAI: Pakistani real estate developers and representatives showcased a range of commercial and residential investment…

4 days ago

CDA to Transform Park Road Nursery Under Rs652 Million Gardenia Hub Project

ISLAMABAD: Capital Development Authority (CDA) is currently undertaking a major Rs652 million project to upgrade…

1 week ago

Citywide Anti-Encroachment Drive to Begin in Karachi

Karachi – Mayor Barrister Murtaza Wahab has announced the launch of a citywide anti-encroachment operation…

1 week ago