Karachi Division Real Estate News and Land Insights

Karachi | ReNews Pakistan
Pakistan’s cement industry recorded a strong recovery during the fiscal year 2025 26, with total dispatches reaching 50.58 million tons, reflecting an increase of approximately 8 percent compared with the previous financial year.
The improvement was primarily driven by a revival in domestic construction activity, lower average policy rates and stronger local demand. According to a report by AKD Securities, domestic cement sales increased by around 9 percent year on year to approximately 41.5 million tons during FY26.
Local cement dispatches rose sharply by 27 percent year on year to 3.54 million tons in June 2026. Cumulative domestic sales during the entire financial year stood at approximately 41.57 million tons, representing growth of around 10 percent.
Overall cement sales increased by 18.4 percent year on year to 4.33 million tons during June alone. Arif Habib Limited attributed part of the increase to a lower comparison base caused by Eid holidays during the corresponding period of the previous year.
Cement dispatches in the northern region increased by 16 percent to 3.01 million tons in June, while volumes in the southern region rose by 23 percent to 1.31 million tons.
Industry-wide capacity utilisation improved to 59 percent during FY26, compared with 56 percent in FY25. Capacity utilisation in the northern region rose from 49 percent to 53 percent, mainly due to stronger domestic demand.
Southern cement manufacturers recorded capacity utilisation of 84 percent, up from 79 percent during the previous year. The improvement was also supported by a 9 percent increase in sea-based cement exports.
Several leading cement manufacturers reported substantial growth in their dispatches. Lucky Cement’s total volumes increased by 31 percent year on year to 0.91 million tons in June, supported by a 40 percent increase in local sales. The company’s full-year dispatches reached 9.668 million tons, showing growth of 4 percent.
Fauji Cement’s June dispatches rose by 11 percent to 0.48 million tons, while DG Khan Cement recorded a 12 percent increase to 0.39 million tons. Kohinoor Cement and Pioneer Cement also reported double-digit growth during the period.
Power Cement emerged as one of the strongest performers, recording a 60 percent year on year increase in June dispatches to 0.28 million tons. Maple Leaf Cement posted a slight decline in June but still achieved 5 percent growth during the full financial year.
Market analysts expect cement demand to maintain its upward trajectory during FY27. The outlook is supported by recovering economic activity, lower financing costs, construction related relief announced in the federal budget and the potential expansion of housing finance.
AKD Securities has projected that domestic cement consumption may grow by around 8 percent during FY27. Lower construction costs and a possible decline in international coal prices are also expected to support the profitability of cement manufacturers.
However, analysts warned that renewed geopolitical tensions and any sharp increase in oil and coal prices could affect demand, production costs and profit margins.
With monetary easing, fiscal support and stronger housing and infrastructure activity, the cement industry is expected to contribute significantly to the recovery of Pakistan’s construction sector and the broader economy.

Karachi | ReNews Pakistan
The Sindh government, in coordination with the National Assembly Standing Committee on Planning, Development and Special Initiatives, has set June 2027 as the target for completing five major road infrastructure projects across the province. The projects, being implemented under the Public Sector Development Programme (PSDP), carry a revised combined cost of PKR 140.91 billion and are expected to significantly improve regional connectivity, facilitate trade and accelerate economic growth throughout Sindh.
The completion timeline was finalized during a high-level review meeting chaired by Sindh Chief Minister Syed Murad Ali Shah, where progress on federally funded road schemes was assessed in the presence of members of the National Assembly Standing Committee on Planning, Development and Special Initiatives, led by Chairman Syed Abdul Qadir Gilani, along with provincial ministers and senior government officials.
According to officials, the revised cost of the five projects has reached PKR 140.91 billion, with the federal government contributing PKR 96.75 billion under the PSDP, while the Sindh government will finance PKR 44.15 billion.
The projects include the 36-kilometre Sindh Coastal Highway Extension, the 150-kilometre Mehran Highway, the 31.4 kilometre Tando Allahyar–Tando Adam Dual Carriageway, the 135 kilometre Sanghar/Rohri Road (Nawabshah/Ranipur Dualisation) and the 221-kilometre Rohri/Guddu Road. These strategic road corridors are expected to strengthen transportation networks, reduce travel time and improve access between key commercial, industrial and rural areas of the province.
Officials informed the meeting that construction activities are progressing on all five projects. Work on the Sindh Coastal Highway Extension officially commenced after the issuance of the work order in June 2026, while asphalt base construction has already been completed on 44 kilometres of the Mehran Highway.
Construction is also advancing on the Tando Allahyar/Tando Adam Dual Carriageway, although relocation of utility services, shifting of transmission lines and pending approvals from Pakistan Railways continue to pose implementation challenges. Meanwhile, work is ongoing on the Sanghar/Rohri Road, while widening and base construction have been completed on major sections of the Rohri/Guddu Road, where asphalt laying is expected to begin shortly.
Addressing the meeting, Chief Minister Murad Ali Shah emphasized that modern road infrastructure plays a vital role in strengthening connectivity, facilitating commercial activity and promoting long-term economic development across Sindh.
He described the projects as more than conventional road schemes, stating that they would serve as economic corridors linking different regions of the province, encouraging trade, attracting investment and creating new opportunities for businesses and local communities.
The chief minister directed all relevant departments to resolve outstanding issues relating to utility relocation, regulatory clearances and project financing on a priority basis. He also stressed the importance of the timely release of federal PSDP funds to ensure uninterrupted construction and achieve the June 2027 completion target.
Officials expressed confidence that with continued coordination between the federal and provincial governments, the projects would significantly enhance Sindh's transport infrastructure, improve logistics and support sustainable economic growth across the province.

Karachi | ReNews Pakistan
The National Accountability Bureau (NAB) has taken physical control of the Bahria Icon Tower in Karachi after an accountability court upheld the provisional attachment of the landmark property under the Anti Money Laundering Act 2010. Valued at approximately Rs 100 billion, the tower is among Pakistan's most prominent commercial real estate developments and is now under the custody and management of the local administration in accordance with court directives.
The development follows an order issued by Accountability Court No. 1, Rawalpindi, on July 3, 2026, which confirmed NAB's provisional attachment of the property after reviewing the bureau's investigation and supporting evidence. Following the court's decision, NAB formally assumed possession of the tower before transferring its management to the relevant civil authorities as required under the legal process.
According to NAB, the investigation into M/s Galaxy Construction Private Limited and other individuals concluded that both the acquisition of the land and the construction of Bahria Icon Tower were allegedly financed through proceeds generated from criminal activities. The bureau stated that the property had initially been provisionally attached under Section 8 of the Anti Money Laundering Act 2010, after which additional evidence was presented before the accountability court to seek judicial confirmation of the attachment.
The bureau maintains that the court's decision represents a significant step in its broader campaign to identify, restrain and recover assets allegedly connected to money laundering and other financial crimes. NAB officials stated that the bureau remains committed to pursuing cases involving illegally acquired assets through legal and judicial channels.
Investigators further allege that nearly Rs 8 billion in suspected proceeds of crime was invested in the construction of Bahria Icon Tower through M/s Galaxy Construction Private Limited. NAB contends that these financial transactions form a central part of its ongoing money laundering investigation.
The latest action is part of a series of legal proceedings involving property developer Malik Riaz and Bahria Town. In June 2026, an accountability court issued non bailable arrest warrants for Malik Riaz, his son and several other individuals in connection with the Bahria Town Karachi land case. Subsequently, the same court ordered a 15 day freeze on Bahria Town properties across Pakistan as investigations continued.
NAB has also attached Bahria Town Tower located on Karachi's Tariq Road, alleging that the property was held in the name of Muhammad Awais, whom investigators describe as a benami representative acting on behalf of Malik Riaz and Bahria Town.
The bureau had earlier filed a corruption reference against Malik Riaz and other accused in 2020, alleging the illegal allotment of the land on which Bahria Icon Tower was constructed. That reference remains pending before the accountability court, and the matter continues to proceed through the judicial system.
The Bahria Icon Tower case is regarded as one of Pakistan's most significant real estate related anti money laundering investigations due to the scale of the asset involved and its potential implications for financial accountability, property ownership and regulatory enforcement within the country's real estate sector.