PAKISTAN
Under the leadership of the Taseer family, Pace Barka Properties Limited, a subsidiary of Pace (Pakistan) Limited, has formally announced a significant milestone — the company has entered into a landmark development agreement with DHA City Karachi as one of its leading development partners.
The company shared this information in a notification to the Pakistan Stock Exchange (PSX) earlier today. According to the statement, the agreement was signed in Dubai on April 16, 2025, and covers the development and management of multiple commercial and residential projects within DHA City. Construction is set to begin immediately.
This strategic collaboration marks Pace Barka Properties’ first major venture in Karachi and is expected to significantly boost the company’s presence in Pakistan’s largest metropolitan hub.
Having already delivered successful projects across various cities in Pakistan, Pace Barka aims to bring its expertise, quality standards, and innovation-driven development approach to this new venture in DHA City.
About Pace Barka Properties Limited:
Pace Barka Properties Limited is a wholly-owned subsidiary of Pace (Pakistan) Limited, a well-established real estate development and investment company. The firm is known for its contributions to Pakistan’s urban landscape through the development of commercial centers, shopping malls, and mixed-use projects. Led by the prominent Taseer family, the company maintains a reputation for delivering quality real estate developments and has earned trust in the local property market through decades of experience.
This new partnership with DHA City Karachi is expected to further solidify Pace Barka Properties’ role as a major player in Pakistan’s real estate sector. – ER
