Islamabad, 17 Apr 2025: Pace Subsidiary has taken a bold leap forward by becoming a key development partner in the highly anticipated DHA City Project in Karachi.
This marks a pivotal move for Pace (Pakistan) Limited (PSX: PACE) as it deepens its presence in one of Pakistan’s most rapidly evolving metropolitan hubs.
According to a formal disclosure made to the Pakistan Stock Exchange (PSX) on April 16, 2025, Pace Barka Properties Limited, a wholly-owned subsidiary of Pace, signed a groundbreaking agreement in Dubai to collaborate with DHA City Karachi on a range of large-scale residential and commercial initiatives.
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This latest partnership is in line with Pace’s ongoing strategy to diversify its real estate footprint nationwide.
After delivering a series of successful real estate ventures in various major cities, the company now shifts its attention to Karachi’s prestigious DHA City Project, which has garnered immense interest from both investors and residents alike.
“The agreement signifies our long-term vision to expand operations in high-growth urban centers,” stated a company representative.
“With the Pace Subsidiary leading this collaboration, we aim to introduce modern, sustainable, and high-end developments in Karachi’s most promising real estate zone.”
Development activity is set to launch without delay, with construction teams mobilized to commence groundwork in the coming days.
Under the terms of the agreement, Pace Barka Properties Limited will oversee planning, construction, and operations of multiple infrastructure and building projects within DHA City.
This includes high-rise commercial complexes, luxury residential blocks, and integrated community facilities aligning with the broader urban vision of DHA City Project, which promotes sustainable living with world-class amenities.
The project highlights a new chapter in the legacy of the Taseer family, who continue to steer the company toward innovation and impactful real estate transformations.
With a proven track record across Lahore, Islamabad, and Faisalabad, Pace’s entry into Karachi through this venture strengthens its stature as a market leader in Pakistan’s real estate development sector.
As one of the most strategically located and master-planned communities in the region, DHA City Karachi represents the next generation of urban planning combining affordability, environmental consciousness, and smart infrastructure.
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The agreement signed in Dubai is more than just a contract it’s a commitment to reshaping the future of Karachi’s skyline.
As the DHA City Project gains momentum, stakeholders can expect innovative design, rapid construction, and a bold new direction in Pakistan’s real estate sector all led by the visionary team behind Pace Subsidiary.
