December 2016

Karachi to become a City in the Clouds

KARACHI, XX DECEMBER 2016: At the moment, Bahria Town Icon (938 feet) is the tallest building in Karachi and Pakistan. It stretches 62 stories has ten floors of offices, 40 floors of apartments, and Pakistan’s highest terraced restaurant—the Altitude. But this is only the tip of the iceberg as over 100 high-rises are currently under construction that will raise the altitude of Karachi to never-before-seen heights.   One of the

Cement Exports Fall Amid Real Estate Crisis

KARACHI, XX DECEMBER 2016: In 2015, Pakistan’s cement industry thrived but things have not been so rosy this year despite a positive outlook at the start of the year.   Cement exports fell by 10.39 percent in November 2016, according to figures released by the All Pakistan Cement Manufacturers Association (APCMA); partly due to growing competition from Iran, who have gained a foothold in the Afghanistan market.

Paying a Premium to Live Safely in Lahore?

KARACHI, XX NOVEMBER 2016: Recently it has become official that Lahore is safer than Karachi when it comes to overall crime and city-wide safety. The findings come from a November 2016 report by Numbeo where the level of crime in Karachi is reported as a high 77.72 compared to 59.38 in Lahore. Islamabad, the country’s capital, scored a 35 rating meaning it is low for crime.   In terms of