1. Bahria town obtains 44k acre of govt. land amid signs of construction boom in Pak

Bahria town obtains 44k acre of govt. land amid signs of construction boom in Pak

Pakistan's Sindh Government has allotted thousands of acres of land to Bahria Town owner Malik Riaz, a report by Pakistan Rangers said.

By: | Published: July 2, 2015 3:52 PM

Pakistan’s Sindh Government has allotted thousands of acres of land to Bahria Town owner Malik Riaz, a report by Pakistan Rangers said.

According to Dawn News, the Rangers said that the provincial government had allotted 44,000 acres of government land to Bahria Town.

The Sufi shrine that dates to the 8th century in Karachi is getting dwarfed by a gleaming 62-story highrise building coming up right next to it, wrote Faseeh Mangi in an opinion piece published on Bloomberg,

Mangi writes, “Dwarfing the monument today is a gleaming 62-story highrise, coming up right next door.”

“The construction boom also marks the nation’s emergence as a frontier market after Prime Minister Nawaz Sharif averted a balance-of-payments crisis with help from the International Monetary Fund and resumed selling stakes in state companies,” said Mangi.

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