CBD, local govt join forces to identify strategic business hubs
The cooperation has been made on the directives of the Punjab Government, said Chief Operating Officer of CBD Punjab, Brigadier Mansoor Janjua (R). Lauding the collaboration, he said, 'This joint effort underscores our dedication to building a progressive and sustainable urban future for Punjab.
By partnering with the Local Government and PMU, we are working to identify and develop strategic locations that will act as catalysts for regional economic growth. Our focus remains on ensuring that every new CBD is planned with precision, promotes inclusive development, and meets the dynamic needs of our communities.'
This forward-looking collaboration aligns CBD Punjab's future expansion with the province's long-term urban development and land-use planning goals. The CBD Punjab contributes its technical expertise to support the identification of suitable sites for CBDs that meet strategic and economic objectives.
The joint efforts between CBD Punjab, the local government and PMU streamline the urban planning process across the province, ensuring business districts are developed in line with established provincial policies and planning frameworks. Utilizing data-driven insights and coordinated planning, the collaboration sets the foundation for sustainable urban growth, economic progress and the development of modern business hubs.
As part of the collaboration, the CBD Punjab provides expert recommendations and spatial assessments to guide site selection and assess development potential. These activities are conducted in accordance with the PCBDDA Act 2021 and are aligned with the broader planning standards of the province to ensure compliance and effectiveness.
This alliance also enhances transparency, promotes inter-agency coordination and encourages efficient resource sharing. It supports the government of Punjab's vision of creating modern, well-organized and economically vibrant urban centers that foster investment, infrastructure advancement and job creation.
By working in unison, the CBD Punjab and its government partners are laying the groundwork for a transformative urban future one that unlocks opportunities and redefines the economic and spatial development landscape across Punjab.
Copyright Business Recorder, 2025
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Business Recorder
33 minutes ago
- Business Recorder
LCCI welcomes boost in credit rating
LAHORE: The President of the Lahore Chamber of Commerce & Industry Mian Abuzar Shad has warmly welcomed the boost in Pakistan's credit rating by S&P Global to B- from CCC+ and the commendation by the World Bank for Pakistan's strides in sustainable development. He termed these achievements as a reflection of the Prime Minister Shehbaz Sharif and his economic teams's prudent economic policies, strategic planning and commitment to long-term economic growth and global integration. Mian Abuzar Shad said that recognition from World Bank and S&P is a significant milestone that will play a vital role in boosting foreign investment, enhance business credibility and creating a more stable financial environment for the private sector. He said that the improvement in credit rating by a globally known institution like S&P Global sends a strong message to the foreign investors that Pakistan is on a path to economic recovery and resilience. He said that despite numerous global and regional economic challenges, the Government of Pakistan has made commendable efforts in steering the country toward macroeconomic stability. The credit rating upgrade is not just a statistical improvement but a strong endorsement of the government's efforts to stabilize the economy, reduce fiscal deficits, enhance tax collection and implement structural reforms. The LCCI President further stressed the importance of this positive development for the business community. He said that such international recognition boosts the morale of local entrepreneurs and provides them with confidence to invest, expand and innovate. 'It will help reduce borrowing costs for the government and private sector, improve access to international financial markets and strengthen Pakistan's position in global trade and commerce,' he added. Mian Abuzar Shad said that Pakistan's shift toward inclusive and environmentally responsible economic growth is in line with global goals and will open new doors of cooperation and funding from international development partners. Copyright Business Recorder, 2025
Business Recorder
33 minutes ago
- Business Recorder
Confidence among global accountants remains fragile despite Q2 rise: GECS
KARACHI: The ACCA and IMA Global Economic Conditions Survey (GECS) showed improving global confidence in Q2 2025, with the index reaching its highest since Q3 2024. That said, confidence among accountants is still at a low level by historical standards. The New Orders and Capital Expenditure indices both declined modestly, although the former is at its historical average and the latter not much below and both are at levels broadly similar to other readings since the aftermath of Russia's invasion of Ukraine. Meanwhile, the Employment Index improved and is not that far below its historical average. Of the major regions, confidence in North America rose in Q2, amid some improvement in sentiment among U.S.-based accountants, but it remains depressed by historical standards. Western Europe saw another moderate gain in confidence aided by a further improvement in the UK from its record low in Q4 2024. By contrast, confidence fell sharply in Asia Pacific, erasing the gains made in Q1 2025. The deterioration in the backdrop for global trade, amid major changes in U.S. trade policy, was likely the key factor weighing on sentiment. Jonathan Ashworth, Chief Economist, ACCA, said: 'Global growth has generally proved quite resilient in the first half of 2025, despite the large increases in U.S. tariffs and massive rise in uncertainty. While the key GECS indicators are certainly not pointing to a global economy in rude health, with confidence in particular remaining low, neither are they suggesting that a major downswing is imminent.' 'Nevertheless, with higher tariffs likely to push U.S. inflation higher over coming months, and as uncertainty and tariffs weigh on the U.S. and global economies, some slowing in global growth looks likely over the second half of 2025.' Alain Mulder, Senior Director, Europe Operations & Global Special Projects at IMA said: 'Global cost pressures eased according to accountants, although there are divergent regional pressures. The proportion of North American respondents reporting increased operating costs eased slightly, although it remains on the high side historically after the large increase in Q1, raising the risk that firms may attempt to raise prices over coming months.' Copyright Business Recorder, 2025
Business Recorder
33 minutes ago
- Business Recorder
PM reaffirms commitment to GSP+
ISLAMABAD: Prime Minister Shehbaz Sharif on Friday underscored the European Union's status as one of Pakistan's foremost trading partners and reaffirmed the government's commitment to the Generalised Scheme of Preferences Plus (GSP+), describing it as a mutually beneficial arrangement. The prime minister, during a meeting with the outgoing Ambassador of the European Union to Pakistan, Dr Riina Kionka – who paid a farewell call as she concluded her diplomatic tenure – acknowledged her contributions to strengthening Pakistan-EU relations. Extending his felicitations to Ambassador Kionka on the successful completion of her assignment, Sharif appreciated her efforts in enhancing Pakistan-EU relations. GSP plus status: EU review puts Pakistan's duty-free export to the test amid reforms push He also acknowledged the European Union's timely assistance during the devastating floods of 2022, and lauded the ambassador's role in mobilising support. The prime minister conveyed his warm regards to the EU President, Ursula von der Leyen, and expressed his desire to meet her in the near future to further deepen bilateral engagement. The Interaction also included discussions on domestic political developments and the broader trajectory of Pakistan-EU relations. Ambassador Kionka expressed her gratitude to the prime minister and the government for the support extended to her during her tenure. She reaffirmed the EU's commitment to advancing its partnership with Pakistan, and stated that she would continue to advocate for strong bilateral ties in her upcoming role in Brussels. Copyright Business Recorder, 2025
