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U.S. DEPUTY CHIEF OF MISSION APPRECIATES CBD PUNJAB’S ECONOMIC DEVELOPMENT INITIATIVE.

News Desk
June 2, 2023
U.S. DEPUTY CHIEF OF MISSION APPRECIATES CBD PUNJAB’S ECONOMIC DEVELOPMENT INITIATIVE.
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Lahore: Friday, June 2, 2023. U.S. Deputy Chief of Mission for Pakistan, Andrew Schofer visited Punjab Central Business District Development Authority (PCBDDA) on Friday, in a bid to learn about the projects and development plans initiated by the authority.

The U.S. Deputy Chief of Mission was accompanied by a delegation from the U.S. Consulate General Lahore, including U.S. Consul GeneralWilliam K. Makaneole, Political and EconomicChief KathleenGibilisco, and Cultural Affairs Officer Paul Garr.

The distinguished envoy was warmly welcomed by the CEO of PCBDDA, Imran Amin and other senior officials of the authority, including COO, Brigadier (R) Mansoor Janjua, Executive Director Commercial, Mohammed Omer, Director Business Development, Ali Waqar Shah and Director Architecture, Sameer Aftab. The delegation led by the U.S. Deputy Chief of Mission was comprehensively briefed about the projects of PCBDDA Punjab.

During the visit, Deputy Chief of Mission, Andrew Schofer expressed his appreciationfor the significant efforts made by the authority, in fostering infrastructural development and economic growth in Punjab. He recognized the pivotal role that PCBDDA in creating a conducive environment for local and foreign businesses to thrive, ultimately contributing to the prosperity of Pakistan.

CEO of PCBDDA, Imran Amin expressed his gratitude for theappreciation from the U.S. Embassy. He highlighted the achievements of the authority in transforming Punjab into a vibrant hub for commercial activities and emphasized the importance of international collaborations to further accelerate this economic growth.

Imran Amin stated, “We are honoured to have Deputy Chief of Mission Andrew Schofer acknowledge our endeavors. Our vision is to create an enabling environment for businesses by providing state-of-the-art infrastructure, world-class facilities, and comprehensive support services. We look forward to further strengthening our ties with international partners, including the United States, to foster sustainable economic development in Punjab.”

The visit of U.S. officials will serve as a platform for a constructive dialogue between PCBDDA and the U.S. Embassy, facilitating an exchange of ideas and best practices to enhance the business ecosystem in Punjab. We remaincommittedto promoting investment opportunities and fostering stronger ties between the United States and Pakistan.

About PCBDDA:

Punjab Central Business District Development (PCBDDA), also known as Central Business District (CBD Punjab), is Pakistan’s first central business district. CBD Punjab is a landmark project that aims to put Pakistan on the map of global business districts. With a focus on eco-friendly urban regeneration and economic generation, by following vertical principles. The authority has secured an investment of 56.47 Billion PKR investment from its two grand

auctions of Lahore Prime and Lahore Downtown where CBD Punjab auctioned 12 mixed-use commercial plots. The Authority has completed the mega project of the Kalma Underpass CBD Punjab Boulevard for 4.2 billion PKR. The ground-breaking ceremony for the Bab-e-Pakistan and Walton Road upgradation has also taken place and construction work has been initiated, a state-of-the-art parking plaza with a parking capacity of 2500 vehicles is under construction at the CBD Punjab project site

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