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CBD Punjab holds “Ride for unity”, flag hosting a cake-cutting ceremony on Pakistan’s 78th independence day

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Lahore – On Thursday, August 14, 2025, the Punjab Central Business District Development Authority (PCBDDA), also known as Central Business District Punjab (CBD Punjab), celebrated Pakistan’s 78th Independence Day with patriotic fervor, hosting a vibrant Bicycle Ride for Unity, flag hoisting, and a cake-cutting ceremony. All the celebrations are being conducted under the theme of Marqa E Haq and Raho Sar Buland, the CBD Punjab theme for 2025.

The celebrations began with a special cycling event on CBD Route 47, named “Ride for Unity”, symbolizing national solidarity. Cyclists from local cycling clubs of Lahore, including men, women, and children, participated enthusiastically. The ride commenced from the CBD Punjab Business Centre and concluded at the CBD Punjab Quaid District. At the finish point, a flag hoisting ceremony and cake cutting were held, further enhancing the spirit of unity.

The Ride for Unity was graced by the Chief Operating Officer (COO) of CBD Punjab, Brigadier (R) Mansoor Janjua, as the chief guest. Addressing the participants, Brigadier (R) Mansoor Janjua extended heartfelt Independence Day greetings to the nation, stating, “CBD Punjab’s Unity Ride reflects the essence of national cohesion. Seeing patriotic Pakistanis, filled with love for their country, is truly heartening. We must continue to uplift Pakistan through our character and work. CBD Punjab and its team are playing a pivotal role in the country’s development.”

Later in the day, CBD Punjab held its official Independence Day ceremony at the CBD Punjab Complex. The event was attended by CEO CBD Punjab, Imran Amin, COO CBD Punjab, Brigadier (R) Mansoor Janjua, Executive Director Technical Riaz Hussain, Executive Director Finance Ali Nazeer Malik, Director Marketing Waseem Siddiq, Director Business Development & Investment Relations Ali Waqar Shah, Director Project Management Asif Iqbal, Director Construction Asif Babar, Director Architecture & Planning Sameer Aftab Sial, Director Finance Mansoor Syed, Director Procurement Jawad Ahmed, Director HR & IT Palwasha Mengal, along with senior officials and staff members of CBD Punjab.

The ceremony commenced with the national anthem and the hoisting of the national flag by CEO CBD Punjab, Imran Amin, followed by prayers for the prosperity and unity of Pakistan. Speaking on the occasion, Imran Amin said, “On this historic day, we remember the vision, sacrifices, and determination that gave us an independent homeland. CBD Punjab stands committed to translating that spirit into action by building world-class infrastructure, creating economic opportunities, and promoting sustainable urban development. Our initiatives aim not only to shape a modern Punjab but also to contribute to a stronger, prosperous Pakistan. Let us continue to work together with dedication so that the coming generations can live with dignity and pride.”

The celebrations concluded with a cake-cutting ceremony, symbolizing joy and unity. The events reflected the patriotic zeal and solidarity of CBD Punjab’s team in honouring the nation’s independence. CBD Punjab reaffirmed its pledge to work relentlessly for Pakistan’s progress through transformative urban regeneration, sustainable infrastructure, and investment-friendly projects, positioning Punjab as a hub for business, technology, and innovation while preserving the nation’s cultural values.

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NEPRA approves tariff cuts, power consumers to get Rs56bn relief

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LAHORE – The National Electric Power Regulatory Authority (Nepra) has approved a reduction in electricity tariffs that is expected to provide consumers relief worth about Rs56 billion over the next three months.

In a notification issued on Thursday, the regulator announced a Rs1.99 per unit decrease under the quarterly tariff adjustment for the January-March 2026 quarter. The reduction will remain effective during June, July and August and is estimated to translate into consumer relief of roughly Rs67bn.

However, Nepra also allowed a fuel cost adjustment increase of Rs1.19 per unit for electricity consumed in April, which will be charged in June bills. The increase is expected to generate approximately Rs11bn for distribution companies.

As a result, consumers are likely to see a net reduction of around 80 paisa per unit in their June electricity bills, while the full benefit of the quarterly adjustment will continue in the following two months.

The approved FCA increase is lower than the Rs1.74 per unit sought by the Central Power Purchasing Agency, with Nepra trimming the proposed recovery amount to about Rs11bn from nearly Rs16bn.

According to the regulator, the quarterly adjustment was driven by changes in capacity payments, transmission charges, market operator costs, transmission and distribution losses, and the government’s incremental electricity consumption package for industrial and agricultural sectors.

Most consumer categories will benefit from the reduction, although certain lifeline and prepaid consumers, as well as some consumers covered by the incremental consumption scheme, will not be eligible for parts of the adjustment.

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Pakistan loses $1.6bn annually to e-commerce checkout inefficiencies: Report

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ISLAMABAD – Pakistan’s rapidly growing e-commerce sector is incurring significant financial losses at the checkout stage, with inefficiencies in payment systems costing businesses an estimated $1.61 billion annually, according to a new white paper by Payoneer.

The report highlights that merchants across Asia collectively lose around $72bn each year due to checkout-related challenges, with Pakistan representing a notable share of this gap.

A major portion of the losses in Pakistan — approximately $0.97bn — stems from cart abandonment, which accounts for over 60 per cent of the total. Analysts attribute this to friction during the checkout process, including unexpected charges, payment declines, and lack of pricing transparency.

Settlement delays contribute a further $0.46bn in losses, while $0.18bn is lost due to foreign exchange (FX) costs and other payment-related inefficiencies, the report noted.

Despite strong consumer demand, many transactions fail to convert into completed purchases, limiting revenue realisation for businesses. The issue is particularly acute for cross-border sellers, as international customers increasingly expect localised payment options and pricing in their own currencies.

Industry experts say complex payment systems involving multiple intermediaries further erode merchant margins, while delays in settlement cycles restrict cash flow, affecting businesses’ ability to fulfil orders and expand operations.

The findings point to structural weaknesses in Pakistan’s digital trade ecosystem, where financial infrastructure has yet to keep pace with the country’s expanding participation in global e-commerce.

Experts suggest that improving checkout processes, streamlining payment channels, and ensuring faster settlement could help address these inefficiencies. Introducing localised payment methods and transparent pricing, along with reducing fragmentation in banking relationships, may enhance conversion rates and unlock liquidity for businesses.

As Pakistan seeks to strengthen its position in Asia’s digital economy, addressing these bottlenecks could transform lost value into tangible growth for exporters and online sellers.

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Imran Amin highlights quality, sustainability, timely delivery aligned with Punjab govt vision

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Lahore – April 21, 2026: CEO CBD Punjab, Imran Amin, toured the CBD Walk and CBD Lake projects to evaluate ongoing development efforts and monitor progress firsthand. He carried out a thorough inspection of both projects, reaffirming CBD Punjab’s dedication to delivering projects on schedule and to high standards.

CEO CBD Punjab Imran Amin was accompanied by senior officials including Director Project Management Asif Iqbal, Director Engineering Umar Hayat, Director Construction Asif Babar, Director Architecture & Planning Sameer Aftab Sial, and project contractors.

During the briefing, it was shared that construction work on CBD Walk is progressing ahead of schedule, while maintenance work is underway at CBD Lake to further enhance its sustainability and long-term functionality. Plans are also in place to install dancing fountains to elevate the aesthetic appeal of the area.

Director Architecture & Planning Sameer Aftab Sial briefed the CEO on the exterior design of the structure and the selection of tiles, highlighting the project’s modern and visually appealing outlook.

Expressing satisfaction over the pace of development, CEO CBD Punjab Imran Amin emphasized the importance of maintaining high construction standards. He stated, “This project, aligned with the vision of the Chief Minister Punjab, will emerge as a significant asset, contributing to Lahore’s social and economic landscape.”

The visit reflects CBD Punjab’s continued focus on delivering innovative, sustainable, and high-quality urban development projects.

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