JS Investments launches Pakistan’s ‘first’ Shariah-compliant real estate investment trust

An aerial view of the commercial district of Pakistan's port city of Karachi on January 27, 2023. (AFP/File)
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Updated 22 May 2025
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JS Investments launches Pakistan’s ‘first’ Shariah-compliant real estate investment trust

  • JS Investments partners with real estate developer Gohar Group of Companies to establish JS Hotel REIT in Hyderabad
  • REIT is a regulated investment vehicle that pools capital from investors to finance income-generating real estate

KARACHI: A Pakistani investment firm on Wednesday announced the launch of what it described as the country’s first Shariah-compliant real estate investment trust (REIT) focused on the hospitality sector.

A REIT is a regulated investment vehicle that pools capital from investors to finance income-generating real estate, offering returns through rent or capital gains. It provides exposure to the property market without direct ownership of assets.

JS Investments Limited, one of Pakistan’s oldest private-sector asset and REIT managers, has partnered with real estate developer Gohar Group of Companies to establish the JS Hotel REIT in Hyderabad district, located in the southeastern Sindh province.

“As the manager of Pakistan’s first hotel REIT, we are pleased to offer investors a professionally managed and regulated investment vehicle backed by international hospitality standards,” the statement quoted Iffat Zehra Mankani, CEO of JS Investments Limited, as saying.

The REIT will finance the development of a 139-room hotel in Hyderabad under a franchise agreement with an international hospitality brand. The fund is currently open to accredited local and foreign investors through private placement.

The statement added the Securities and Exchange Commission of Pakistan (SECP) had granted regulatory approval for the fund, which is not being offered to the general public at this stage.

Pakistan’s REIT market remains small, though regulatory reforms in recent years have aimed to draw institutional investment into real estate through both conventional and Islamic finance structures.

The project will also feature environmentally responsible construction, according to the statement.


Pakistan says 641 Afghan Taliban members killed, over 855 injured in ongoing conflict

Updated 11 March 2026
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Pakistan says 641 Afghan Taliban members killed, over 855 injured in ongoing conflict

  • Both neighbors have been engaged in fierce fighting since Feb. 26 after Afghan forces launched retaliatory attacks against Pakistan
  • Pakistan information minister says 243 Afghanistan checkposts destroyed, 65 “terrorists and terror support locations” targeted by air 

ISLAMABAD: Pakistan has killed at least 641 Afghan Taliban operatives and injured more than 855 in the ongoing conflict between the two sides since last month, Information Minister Attaullah Tarar said on Wednesday.

Fresh clashes between the two neighbors began on Feb. 26 after Afghanistan’s border forces launched attacks against Pakistani military installations. Kabul said the attack was in retaliation for Islamabad’s airstrikes earlier in February. Both forces have since then engaged in the worst fighting between them in decades. 

Islamabad has said its airstrikes, which have at times directly ​targeted the Afghan Taliban government, are aimed at ending Kabul’s support for militants carrying out attacks on Pakistan. The Taliban has ​denied aiding militant groups.

“Summary of Fitna Al Khawarij/Afghan Taliban losses: 641 killed, 855+ injured, 243 check posts destroyed,” Tarar wrote on social media platform X.

https://x.com/tararattaullah/status/2031687512868159638?s=46

The minister said Pakistani security forces have destroyed 219 tanks, armored vehicles and artillery guns in the operation so far, and also decimated 65 “terrorists and terror support locations” across Afghanistan by targeting them with airstrikes. 

Relations between Pakistan and Afghanistan have remained strained since the Afghan Taliban seized power in August 2021. Pakistan has witnessed a surge in militant attacks across the country in recent months that it blames on militants it alleges are based in Afghanistan. 

Kabul denies the allegations and insists that its soil is not used by militant groups for attacks against other countries. 

While Afghanistan has voiced the desire for dialogue, Pakistan has repeatedly ruled out talks, saying it will continue targeting militant hideouts in Afghanistan through “Operation Ghazab lil Haq” till Kabul desists from supporting militants. 

The ongoing conflict between both sides has put the region on heightened alert, as it already suffers from the ongoing US-Israel war against Iran.