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Pakistan’s largest IT city, CBD NSIT City, is approaching significant infrastructure milestones

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Lahore – On Saturday, August 30, 2025, the Punjab Central Business District Development Authority (PCBDDA), also known as Central Business District Punjab (CBD Punjab), reported substantial progress in its flagship project—CBD NSIT City, Pakistan’s largest and premier IT City. The project is advancing in line with the authority’s vision of developing sustainable infrastructure that will transform Punjab into a hub of technology and business excellence.

Sharing updates on the IT City’s development, CBD Punjab’s Executive Director Technical, Riaz Hussain, stated that nearly 70 percent of the drainage system has been completed. Development works across Packages I, II, and III are actively progressing, with the water-bound layer being laid across major sections. He further added that as soon as the monsoon season concludes, asphalt carpeting will begin on Circular Road I and Circular Road II from September, marking another crucial step in the project’s advancement.

Riaz Hussain emphasized that the project is being executed strictly according to the planned timeline. Once the core infrastructure — including road networks, drainage channels, and circular roads — is completed, designated plots will be officially handed over to universities, IT institutions, recreational facilities, and other stakeholders for vertical construction.

This milestone will lay the foundation for CBD NSIT City’s emergence as Pakistan’s premier hub for information technology, innovation, and higher education. In parallel, the Celestia IT & Office Tower, under construction within the Silicon Block of CBD NSIT City, has also achieved remarkable progress, with 55 percent of its structural and finishing works completed.

Designed as a modern high-rise redefining luxury and mixed-use living, the tower is advancing on schedule and meeting the highest quality standards.

Expressing his views on the developments, the CEO of CBD Punjab, Imran Amin, stated:
“The CBD NSIT City and Celestia IT & Office Tower are transformative projects that will not only reshape the urban and economic fabric of Punjab but also position the province as a leading hub for IT, business, and modern living. These projects reflect our unwavering commitment to innovation, sustainability, and economic growth.”

With consistent progress and timely execution, CBD Punjab continues to set new benchmarks in urban development, foster economic opportunities, and pave the way for a technologically empowered future for Punjab and Pakistan.

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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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