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CEO CBD Imran Amin leads progress review meeting on Pakistan’s largest IT city

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Lahore – Imran Amin, the CEO of the Punjab Central Business District Development Authority (PCBDDA), also known as Central Business District Punjab (CBD Punjab), chaired a detailed progress review meeting at CBD NSIT City, which is Pakistan’s largest and premier IT city. The purpose of the meeting was to evaluate the pace of development and review the key milestones of this major project.

The meeting was attended by Executive Director Technical, Riaz Hussain, Director Project Management, Asif Iqbal, Director Architecture & Planning, Sameer Aftab Sial, Director Construction, Asif Babar, Director Engineering, Omar Hayat, Project Manager NSIT City, Yasir Saifullah, Deputy Director Project Management, Talha Zafar, Deputy Director Infrastructure, Usman Latif, Deputy Director Architecture, Farhan Ikram, Deputy Director Urban Planning, Nasir Maqbool, along with officials from NESPAK and representatives of the contractor.

During the meeting, the CEO of CBD Punjab, Imran Amin, was briefed on the overall progress of NSIT City’s infrastructure. The water-bound and sub-base work on the 4.3-kilometer-long and 250-foot-wide main circular road is near completion, with asphalt work scheduled to commence by the end of this month. Additionally, the main drain system has achieved 85% completion, a critical development in ensuring sustainable infrastructure for the city.

The technical team also briefed the CEO of CBD Punjab on the traffic and transport master plan for NSIT City. Upon full development, the plan will accommodate more than 2,000 vehicles, ensuring smooth mobility and convenience for businesses, startups, and visitors within the IT city.

Following the meeting, the CEO of CBD Punjab, Imran Amin, inspected various on-ground works during a site visit. He appreciated the dedication of the project teams and emphasized the timely completion of all milestones, reaffirming CBD Punjab’s commitment to delivering world-class infrastructure for Pakistan’s IT sector.
While addressing the meeting, CEO of CBD Punjab, Imran Amin, said, “NSIT City is not just a project; it is the future of Pakistan’s digital economy. We are creating an ecosystem that will provide cutting-edge infrastructure for IT companies, startups, and entrepreneurs, ensuring opportunities for innovation, investment, and employment. The pace of development is encouraging, and I am confident that NSIT City will soon emerge as a global hub for technology and business.”

CBD Punjab continues to move forward with the vision of transforming urban infrastructure and spearheading projects of national importance, with NSIT City at the forefront of Pakistan’s journey towards becoming a knowledge-based economy.
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Pakistan

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

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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