Latest news with #ImranAmin
Business Recorder
12 hours ago
- Business
- Business Recorder
STZA declares Silicon Block of CBD NSIT City ‘Development Zone'
LAHORE: In a landmark achievement, the Silicon Block of CBD NSIT City developed by the Punjab Central Business District Development Authority (PCBDDA), has officially been declared a Development Zone by the Special Technology Zones Authority (STZA). The Silicon Block is strategically planned to serve as a dedicated ecosystem for cutting-edge innovation. The declaration by STZA marks a pivotal step in transforming Punjab into a nucleus for technological advancement, attracting both local and international enterprises specializing in Artificial Intelligence, Internet of Things (IoT) Blockchain, software development and research and development (R&D) facilities. Commenting on this milestone, CEO CBD Punjab, Imran Amin, stated, 'The designation of our Silicon Block as an STZA-approved Development Zone reinforces our commitment to driving economic progress through technology. It opens the doors to global collaboration, investment, and the creation of high-value jobs in Punjab. Our vision is to create an environment where innovation flourishes, ideas transform into scalable solutions, and Pakistan stands tall on the global tech map.' The STZA recognition not only brings significant national prestige but also unlocks a comprehensive suite of incentives aimed at fostering business growth. Investors and enterprises setting up within the Silicon Block will benefit from streamlined regulatory support, tax exemptions, and access to state-of-the-art digital infrastructure a critical factor in nurturing startups and established tech giants alike. Designed to keep pace with rapid advancements in the global tech industry, the Silicon Block offers a master-planned environment tailored to the needs of modern enterprises. From flexible office spaces and collaborative work zones to smart urban amenities, the project aims to set new standards in urban planning and tech-focused development. This milestone is yet another testament to CBD Punjab's dedication to pioneering transformative projects that contribute to economic diversification and national development. The Silicon Block, as part of Pakistan's first and largest IT city NSIT City is envisioned to create thousands of direct and indirect employment opportunities, attract significant foreign investment and serve as an incubator for groundbreaking ideas and disruptive technologies. With the official STZA approval now in place, CBD Punjab is actively inviting technology leaders, venture capitalists and innovative startups to explore the unmatched potential of the Silicon Block. By doing so, it reaffirms its commitment to shaping a digital, prosperous and future-driven Pakistan turning vision into reality, one development at a time. Copyright Business Recorder, 2025
Business Recorder
04-07-2025
- Automotive
- Business Recorder
CBD introduces smart pedestrian crossing system
LAHORE: Central Business District (CBD Punjab) has introduced a cutting-edge smart pedestrian crossing system on CBD Route 47, reaffirming its commitment to modernise Lahore's urban infrastructure and prioritise public safety through walkable urbanism. Two smart pedestrian crossings have been strategically installed on the route, featuring international-standard technology selected after extensive research by the CBD Punjab technical team. Each crossing is equipped with automated pedestrian signals, a user-friendly push-button mechanism, and brick-embedded lights to ensure optimal visibility and safety, especially during low-light hours. In addition, each smart pedestrian crossing is equipped with digital screen panels that display awareness messages, Islamic quotes, sayings of Quaid-e-Azam Muhammad Ali Jinnah and important traffic safety guidelines for both pedestrians and motorists. These screens also provide real-time updates on temperature and time, adding a modern and informative feature to the system. The embedded lights are engineered for long-term durability, being fully waterproof and capable of withstanding up to 50 tons of weight. This integration of strength and innovation ensures that the crossings remain functional and safe in all conditions. Functionally, the system allows pedestrians to activate a red signal for vehicles by pressing a button, offering a 30-second window to cross safely. A 60-second interval between activations is programmed to maintain smooth vehicular flow on the busy corridor. In addition to the crossings, CBD Punjab has also implemented speed rudders, digital speed meters and visible speed limit signage to regulate traffic and enhance overall road discipline. Speaking on the development, Imran Amin, CEO of CBD Punjab, said, 'CBD Punjab continues to lead by example in integrating smart mobility solutions within its developments, contributing to a safer and more sustainable urban environment.' Copyright Business Recorder, 2025
Business Recorder
02-07-2025
- Business
- Business Recorder
CBD NSIT City: CEO CBD Punjab reviews development work
LAHORE: Chief Executive Officer of Punjab Central Business District Development Authority (PCBDDA), Imran Amin, visited the site of CBD NSIT City, Pakistan's first and largest IT city, to review the ongoing development work. During his visit, CEO of CBD Punjab chaired a high-level progress review meeting held at the project site. He was accompanied by senior officials of CBD Punjab, including Executive Director Technical Riaz Hussain, Director Project Management Asif Iqbal, Director Construction Sameer Aftab Sial, Director Construction Asif Babar, Director Engineering Omar Hayat, and Project Manager CBD NSIT City Yasir Saifullah. Officials from Nespak, including Project Director Jamshaid Janjua, and representatives of the project's official contractor also participated in the session. The review meeting featured detailed briefings on the ongoing progress of CBD NSIT City. Updates were shared on key development components, including road infrastructure, utility works, execution of the city's master plan, and the under-construction Celestia IT & Office Tower, a landmark project poised to become a central hub for technology firms, startups, and corporate offices within the Silicon Block. CEO CBD Punjab, Imran Amin, emphasized the need to maintain high-quality standards and align all work with international benchmarks. While addressing the review meeting, he said, 'CBD NSIT City is more than just a development project; it is a vision to place Punjab on the global technology map. We are committed to delivering this with excellence, innovation, and transparency'. He further instructed departments concerned and contractors to expedite work while ensuring there is no compromise on quality or sustainability. He also lauded the efforts of the technical and project management teams for their dedication and stressed that the project must reflect the futuristic vision of Chief Minister Punjab, Maryam Nawaz, who has consistently emphasized the importance of the IT sector as a pillar of economic growth. He added, 'Following the vision of Chief Minister Punjab, we aim to create a knowledge-based economy by facilitating technology-driven development and providing a world-class environment for innovation.' Copyright Business Recorder, 2025
Business Recorder
31-05-2025
- Business
- Business Recorder
NSIT Residencia: CBD Punjab to auction residential plots in June
LAHORE: The Punjab Central Business District Development Authority (PCBDDA), also known as the Central Business District Punjab (CBD Punjab), is all set to hold the auction of premium residential plots in NSIT Residencia this June. Building on the momentum of four previously successful auctions, this latest venture marks another bold step forward in the authority's mission to redefine urban living and development in Punjab. NSIT City is envisioned as a dynamic urban center comprising three districts IT, Education and Film districts, Located adjacent to DHA Phase 6 and 7, said a spokesperson of the Authority here on Friday. NSIT Residencia sits at the heart of this transformative zone, making it a strategic and future-ready investment opportunity offering unmatched accessibility to key locations within Lahore. Positioned as the next sought-after address in the provincial capital, NSIT Residencia combines luxury living with smart city infrastructure, providing investors with an exceptional opportunity. CBD Punjab is offering four premium plots of up to four kanals each in this prime location. The reserve price has been set at PKR 95 million per kanal, with earnest money fixed at PKR 20 million. To ensure greater ease and accessibility for potential buyers, a flexible three-year payment plan has been introduced, making this an attractive prospect for both local and overseas investors. Applications for the auction must be submitted by June 16, 2025. Commenting about the upcoming auction, CEO CBD Punjab, Imran Amin, said: 'NSIT Residencia is a key part of our vision for a future-ready Punjab. By integrating IT, education and film districts within a single urban ecosystem, we are creating a city of opportunity. This auction is not just a real estate event it's an invitation to invest in the next chapter of Punjab's growth story.' The development of NSIT Residencia is expected to generate a positive ripple effect on the regional economy. From job creation and increased real estate value to improved infrastructure and sustainable urban planning, the auction will contribute significantly to Punjab's socio-economic advancement. Copyright Business Recorder, 2025
Business Recorder
26-05-2025
- Business
- Business Recorder
RUDA aims to revive River Ravi through new barrage
LAHORE: Chairman of Ravi Urban Development Authority (RUDA) Shahid Ashraf Tarar has said that their main objective is to revive the River Ravi and they were moving in that direction; the river will be flowing after the construction of first barrage which will have the capacity of storing 59 billion litres of water. He expressed these views during his visit to different sites of Ravi City to review the ongoing construction work at the embankments and other development work on Monday; he was accompanied by RUDA Chief Executive Officer Imran Amin. They also visited the river training site, and on this occasion, they were told that in the first phase of river training, a majority of the work had already been completed. They also reviewed the construction work for package 6 which links the already done earthwork with the Lahore-Sialkot Motorway (LSM). The RUDA CEO also visited Nath Village to review the ongoing uplifting work. Fatima Ali Khan, Director Special Initiatives, CSR and Diversity, briefed the visitors on the progress on key facilities, including a dispensary, school, entrance gate, roadworks, drainage systems and pavers. Emphasising timely completion, the RUDA CEO directed to finalise all remaining work by June 30, with an inauguration planned for mid-July. He further instructed that the paint work on the street walls should begin next week. He, while visiting the Mehmood Booti dump site, appreciated the site engineers for undertaking the task of converting it into a modern urban jungle and park with a solar power array generating 5 megawatts of electricity. This will beautify the city, he said. Moreover, he also visited the upcoming flagship residential project Chaharbagh where senior officials briefed him about the developmental work completed so far. He instructed RUDA officials on site to speed up communication infrastructure linking up with trunk and also feasibility finalisation of a flyover, linking Chaharbagh with Ring Road. Copyright Business Recorder, 2025
