Sindh Province

Hyderabad| ReNews International Desk News
Tech Mahindra, the Indian IT services and consulting company, has leased nearly 397,497 square feet of office space at Aparna Technopolis in Hyderabad’s Kondapur area under a long term agreement.
According to available lease records, the agreement was registered on June 11, 2026. The company will occupy office space across the 12th to 15th floors of Blocks A and B. The lease has a ten year tenure, with rent payments scheduled to begin on September 10, 2026.
Tech Mahindra will pay an initial monthly rent of INR 30.6 million, equivalent to about INR 77 per square foot per month. The agreement includes a 15 percent rent escalation every three years and a security deposit of INR 183.6 million. The overall lease value has been reported at approximately INR 4.1093 billion.
The transaction is among Hyderabad’s notable office leasing deals of 2026. According to Cushman & Wakefield, the city’s gross leasing volume exceeded 3.15 million square feet in the first quarter of 2026, up 21.6 percent from the same period last year. Transactions exceeding 100,000 square feet accounted for 81 percent of total leasing activity.
Market observers say long term commitments by major technology companies can strengthen demand for commercial property, employment linked services and rental housing in nearby residential areas.

Karachi | ReNews Pakistan
The government has suspended a proposed 5 percent increase in Karachi Port tariffs for fiscal year 2026 27, a move expected to provide more than Rs. 500 million in relief to importers and exporters.
Federal Minister for Maritime Affairs Junaid Anwar said the decision was taken to support trade and economic activity. He said the move is aligned with the Prime Minister’s Blue Economy vision, which aims to strengthen Pakistan’s maritime sector and facilitate businesses.
The minister said freezing Karachi Port Trust tariffs would help reduce operating costs for traders and industrialists, maintain stability in port-related charges and improve the overall business environment.
Junaid Anwar added that the government remains committed to introducing practical measures to promote exports, expand trade and accelerate economic growth.
Karachi Port handles the bulk of Pakistan’s seaborne trade, making port charges an important cost component for importers, exporters and industries dependent on raw material shipments.
The tariff freeze is expected to ease some pressure on businesses already facing higher logistics and financing costs.

Karachi | ReNews Pakistan
The Sindh government has announced a development package exceeding Rs 100 billion for Karachi in its 2026 27 provincial budget, outlining a wide ranging programme focused on transport, water supply, sewerage, drainage, sanitation, healthcare, education and urban infrastructure.
Presenting the budget in the Sindh Assembly, Chief Minister Syed Murad Ali Shah said the investment initiative is designed to improve civic services, ease traffic congestion and accelerate the transformation of Pakistan’s largest city into a more modern and efficient urban centre.
According to the chief minister, Karachi currently has 816 ongoing development schemes with a cumulative cost of Rs 644.3 billion. For the upcoming fiscal year, more than Rs 100.19 billion has been earmarked for the city, including 167 major projects valued at over Rs 500 million each and 110 mega projects costing more than Rs1 billion.
A significant portion of the allocation will support water and sewerage infrastructure. More than Rs 32 billion is already being spent under the Greater Karachi Sewerage Plan (S-III), while an additional Rs 1 billion has been allocated to maintain progress on the project. The Lyari Transformation Package will receive Rs 4.37 billion, while Rs 108.1 billion has been designated for 822 development schemes across the city.
To address Karachi’s persistent traffic challenges, the government has approved several major infrastructure projects. These include a Rs 1.2 billion flyover connecting Airport Road to Star Gate and a Rs 1.5 billion right-turn underpass linking Malir Halt with Shahrah e Faisal. Additional funding has been allocated for a flyover at the Sir Shah Suleman Road crossing over Gujjar Nala and improvements at key intersections along Shah Faisal Road.
The budget also prioritises drainage and flood mitigation measures. Allocations include Rs 1 billion for the third phase of major storm-water drain construction and rehabilitation projects, Rs 1.1 billion for the restoration of Gujjar Nala and its service roads, and Rs 280 million for a drainage project extending from the M-9 Motorway to Thado Nala.
In the sanitation sector, the government has earmarked Rs 1.66 billion for the establishment of six modern garbage transfer stations. More than Rs 9 billion has been allocated for the Solid Waste Emergency and Efficiency Programme, while Rs 1.18 billion will be spent on upgrading the Jam Chakro and Gond Pass landfill sites.
Water supply infrastructure will also receive additional support. The budget allocates Rs 575.2 million for the expansion of the distribution network associated with the K-IV water supply project. Further investments will be directed toward upgrading pumping stations in Karachi’s East and Central districts and laying a new water supply line along the Lyari Expressway corridor.
Public transportation remains a key focus of the development agenda. The chief minister announced that 25 double decker buses will begin operations within the next three months, with an estimated daily ridership of 30,000 to 35,000 passengers. The government also plans to expand the Pink Bus Service and add 100 electric buses to Karachi’s growing public transport fleet.
To improve commuter convenience, the budget includes funding for automated fare collection systems across the Green Line, Orange Line and Peoples Bus Service networks. Meanwhile, the Red Line Bus Rapid Transit (BRT) project has been allocated Rs 13.2 billion, while more than Rs3.5 billion has been earmarked for the Yellow Line corridor.
The social sector has also received substantial allocations. The budget sets aside Rs 1 billion for the Sindh Infectious Diseases Hospital and Rs 1.4 billion for a paediatric cardiac unit at the National Institute of Cardiovascular Diseases. Development funds have additionally been approved for a new medical college, the Karachi Education Complex, Bilawal Bhutto Engineering College Lyari and Shaheed Zulfikar Ali Bhutto Law University.
Chief Minister Murad Ali Shah said the government remains committed to strengthening Karachi’s infrastructure through sustained investments in public transport, healthcare, water supply and sewerage services. He added that the Rs 60.7 billion Shahrah e Bhutto Expressway has already begun improving mobility across the city by reducing travel times to approximately 25 minutes while facilitating the movement of around 25,000 vehicles daily.
Officials believe the development package will play a critical role in addressing Karachi’s longstanding infrastructure challenges and supporting the city’s continued economic and urban growth.