Sindh Real Estate News and Land Insights

Karachi | ReNews Pakistan
Nishat Group has acquired a controlling stake in Rafhan Maize Products Company Limited through a landmark transaction valued at approximately Rs66 billion.
The deal has been described as Pakistan’s largest private sector cross border acquisition of a listed company, excluding privatisation transactions.
Dada Partners Private Limited acted as the exclusive financial adviser to Nishat Group throughout the acquisition process.
Under the transaction, Nishat Group acquired a total of 73.9 percent shares in Rafhan Maize. Of these, 51 percent were purchased from the company’s majority shareholder, US based Ingredion Incorporated, which will retain a strategic minority shareholding.
Another 20.5 percent stake was acquired from a minority shareholder, while 2.4 percent shares were purchased through a mandatory public offer. Following the transaction, Nishat Group’s overall shareholding in the company has increased to a super majority interest of 75.9 percent.
Dada Partners advised Nishat Group across all stages of the transaction, including deal origination, due diligence, valuation, competitive bidding, negotiations, execution of the share purchase agreement and transfer of the controlling stake.
The process also involved establishing a post transaction governance framework between Nishat Group and Ingredion as a continuing minority shareholder.
Dada Partners also assisted with regulatory approvals relating to competition, the mandatory public offer, foreign exchange remittances and acquisition financing in foreign currency through banks.
Dada Partners Founder and Managing Partner Shazad Dada said the transaction brought together one of Pakistan’s largest business groups and a leading global multinational.
He said the successful completion of the acquisition demonstrated that Pakistani investors remained interested in prominent domestic assets, while international groups continued to view Pakistan favourably through collaboration with strong local partners.
Shazad Dada thanked the Mansha family for its strategic vision and confidence in Dada Partners. He also acknowledged the cooperation of Ingredion, the Monnoo family, fellow advisers, legal counsels, the State Bank of Pakistan, the Securities and Exchange Commission of Pakistan and the Competition Commission of Pakistan.
The completion of the transaction represents a major step in Nishat Group’s expansion into Pakistan’s food processing industry and its growing focus on value added exports.
The deal also reinforces Dada Partners’ experience in advising on complex mergers and acquisitions involving cross border execution, regulatory approvals, sophisticated financing structures and coordination among multiple stakeholders.

Karachi | ReNews Pakistan
Karachi’s historic Cotton Exchange Building remains sealed nearly a month after the Sindh High Court ordered that the Karachi Cotton Association be allowed to retain possession and continue its business activities without interference.
The Karachi Cotton Association has expressed concern that the Evacuee Trust Property Board has yet to implement the court’s judgment issued on June 18, 2026.
The court had directed that the association should remain in possession of the property and continue its operations until the ownership dispute is finally resolved.
According to the KCA, the building has remained sealed since December 12, 2025, bringing its administrative and business operations to a complete halt.
The association said important documents and computers taken into custody at the time the building was sealed have also not been returned, leaving it unable to perform its day to day functions.
The Karachi Cotton Association, the Karachi Metropolitan Corporation, tenants of the building and other stakeholders had challenged the action of the Evacuee Trust Property Board before the Sindh High Court.
In its June 18 judgment, the court suspended a 1963 notification concerning the legal status of the property and referred the ownership dispute to the ETPB chairman for a fresh determination.
The chairman was directed to decide the matter within 90 days, while the court ordered that the KCA should retain possession of the building and continue its business activities until a final decision was reached.
The Sindh High Court also quashed the Federal Investigation Agency case linked to the property ownership dispute.
Following the alleged failure to implement the ruling, the Karachi Cotton Association approached the court again and sought contempt proceedings against the relevant ETPB officials.
The association maintained that the continued refusal to hand over possession of the building, despite clear judicial directions, amounted to a violation of the court’s order.

Karachi: [ReNews Pakistan]
The Sindh government and the federal government have agreed to launch coordinated measures to protect Mazar e Quaid, curb illegal garbage dumping in its vicinity and improve the management of other key national heritage institutions.
The commitment was made during a high level meeting in Karachi between Sindh Chief Minister Syed Murad Ali Shah and Federal Minister for National Heritage and Culture Aurangzeb Khan Khichi. The meeting reviewed administrative, security and maintenance issues relating to Mazar e Quaid and the National Library of Pakistan.
Officials discussed a range of concerns, including encroachments, sanitation, security arrangements and the overall upkeep of the mausoleum. Both sides agreed to immediately stop illegal dumping of municipal and construction waste around the site and address security threats posed by drug dealers and other anti-social elements.
The meeting also reviewed plans to remove encroachments in adjoining areas, including Lines Area and Khudadad Colony, while considering measures to enhance security, improve visitor facilities and ensure better allocation of resources.
Participants were briefed on the constitutional and administrative responsibilities of the Quaid-e-Azam Mausoleum Management Board, which is responsible for the preservation, restoration and management of the 132 acre national monument.
Discussions also covered administrative matters concerning the Karachi regional office of the National Library of Pakistan. Authorities agreed to improve water supply and other public facilities, resolve outstanding issues through legal channels and examine proposals for expanding the regional office and establishing a copyright depository.
Chief Minister Murad Ali Shah described Mazar e Quaid and public libraries as invaluable national assets, reaffirming the Sindh government's commitment to their preservation, beautification and security.
Federal Minister Aurangzeb Khan Khichi stressed that protecting the country's cultural heritage requires close coordination between federal and provincial institutions. He said joint efforts were essential to address encroachments, environmental concerns and security challenges surrounding the national monument.
The meeting concluded with both governments reaffirming their commitment to sustained cooperation and the timely resolution of pending administrative matters through mutual consultation.