UAE-based company to invest $30 million in real estate in Pakistan 

A mix of occupied houses and houses under construction in Bahria Town on the outskirts of Islamabad, Pakistan March 16, 2016. (REUTERS/File)
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Updated 30 August 2021
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UAE-based company to invest $30 million in real estate in Pakistan 

  • Prime Minister Imran Khan has chosen the construction sector to stimulate the economy
  • Last week Khan launched initiative to secure investment from overseas Pakistanis in the housing sector

KARACHI: A United Arab Emirates-based real estate company, Diyár Homes Limited, will invest $30 million in Pakistan’s second major city of Lahore, an official from the company said on Monday. 

Prime Minister Imran Khan, whose government believes construction-related activities have a multiplier effect on the economy, has chosen the construction sector to stimulate the economy.

Khan’s government last year said it will subsidize low-cost housing and forgive tax evaders if they invested in construction projects. Banks have also been asked to increase their outstanding mortgages by at least 5 percent by December. Cement stocks have outpaced the nation’s benchmark index.

Pakistan’s consumer home finance, which is one of the lowest in South Asia, increased by 18 percent to a record 97.8 billion rupees this May, according to Foundation Securities Pvt. The country has also seen its first real estate investment trust in more than six years.

“The investment will be made in Lahore where a site has been acquired in the main city for a waterfront development project,” Zeeshan Shah, Diyár Homes Limited co-founder, told Arab News on Monday from London, saying the development would set a new standard for Pakistan’s super luxury real estate sector. 

“The company was planning and waiting for the right opportunity to make the investment in the Lahore’s prime real estate market for the last 24 months,” Shah said, adding that his company was for the first time “bringing the world’s leading consultants from the engineering, design and architecture world to Pakistan.” 

Through his project, he said, his company aimed to attract overseas Pakistanis to invest in their home country’s real estate sector.  

Last week, Khan launched an initiative by Pakistan’s central bank to secure investment from overseas Pakistanis in the country’s housing sector, calling it a “game changer” for the national economy. 

Pakistan has also created its first Real Estate Investment Trust (REIT) after a span of six years, as the country tries to improve its regulatory environment and provide incentives to the domestic construction industry.

The REIT was set up by Arif Habib Dolmen REIT Management Limited, which launched a similar initiative in Pakistan in 2015.


Four people, including two policemen, killed in twin blasts in northwest Pakistan

Updated 07 March 2026
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Four people, including two policemen, killed in twin blasts in northwest Pakistan

  • Attack on police van in South Waziristan and motorbike-mounted IED in Lakki Marwat hits KP province
  • Violence comes amid a surge in militancy and cross-border clashes between Pakistan and Afghanistan

ISLAMABAD: At least four people, including two policemen, were killed and about 20 others wounded in two separate blasts in Pakistan’s northwestern Khyber Pakhtunkhwa province on Saturday, officials said, the latest violence in a region grappling with militant violence.

One explosion targeted a police patrol van in Wana, the main town of South Waziristan district near the Afghan border, while another blast caused by explosives mounted on a motorbike struck a market area in Lakki Marwat district, according to police officials and preliminary reports.

The incidents come amid rising militant violence in Pakistan’s northwest, where authorities say armed groups operate from across the border in Afghanistan, straining relations between Islamabad and the Taliban administration in Kabul, with both sides engaged in a military conflict since last month.

“The control room received information in the evening about a bomb blast targeting a police van in Wana Bazaar,” a police official in the area, who did not want to be named, confirmed while speaking to Arab News over the phone.

He confirmed two deaths in the incident while saying more than 25 people had been injured.

The official said rescue teams responded promptly and shifted three seriously injured people to a nearby hospital in Wana.

In another incident during the day in Lakki Marwat, an improvised explosive device attached to a motorbike exploded near shops.

“Two people have been killed and about 10 have been injured in an IED blast in Lakki Marwat,” Raza Khan, Deputy Superintendent of Police in Bannu, told Arab News.

“The deceased are identified as Shoaib Ur Rehman and Furqan Ullah,” he added. “Shoaib, the owner of the shop, was the brother of the Lakki peace committee head.”

Peace committees in the region are informal, community-based groups that work with security forces to report militant activity and maintain order, making their members frequent targets of attacks.

Pakistan’s Interior Minister Mohsin Naqvi condemned the attacks and expressed grief over the incidents.

“I strongly condemn the blast near a police patrolling vehicle in Wana Bazaar,” Naqvi said in a statement, confirming the killing of four people, including two police personnel.

“Khyber Pakhtunkhwa police are on the front line in the war against terrorism,” he said, noting the force had made “unforgettable sacrifices” in the fight against militant groups.

Militant violence has surged in Pakistan’s border regions in recent months, particularly in Khyber Pakhtunkhwa and Balochistan provinces.
Islamabad has repeatedly accused the Afghan Taliban government of allowing militant groups, including the Tehreek-e-Taliban Pakistan (TTP), to operate from Afghan territory — a charge Kabul denies — as cross-border tensions between the two neighbors have escalated.