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Pakistan and its two largest city economies. Source: [1] As of 2019, Lahore had an estimated GDP of $84 billion. [2] [3] As of 2008, the city's gross domestic product (GDP) by purchasing power parity (PPP) was estimated at $40 billion (projected to be $102 billion by the year 2025, with a slightly higher growth rate of 5.6% per annum, as compared to Karachi's 5.5%).
To assist the real-estate sector, the Government of Pakistan announced a reduction in interest rates on mortgage loans in 2012. [1] [2] In 2017, the housing gap in Punjab, one of the largest provinces of Pakistan, was around 2.3 million units, this figure is expected to reach the figure of 11.3 million units by the end of 2047. [3]
The Provincial Assembly of Punjab established the Lahore Development Authority under the LDA Act of 1975. It had previously been called the "Lahore Improvement Trust". On 9 May 2013, five days after International Firefighters' Day, the LDA Plaza building in central Lahore caught fire, killing 25 people. The fire started on the seventh floor ...
Nishat Group (Urdu pronunciation: [niːˈʃaːt] nee-SHAHT) is a group of companies headquartered in Lahore, Pakistan. [1] [2] It was founded by in 1951. Mian Muhammad Mansha is the current chairman of the group. [3] At least eleven of the Nishat Group's subsidiaries are listed on the Pakistan Stock Exchange. [4] [5]
An estimated 200,000 people lived in Lahore at this time. [99] Lahore's posh Model Town was established as a "garden town" suburb in 1921, while Krishan Nagar locality was laid in the 1930s near The Mall and Walled City. The Mall, Lahore's pre-independence commercial core, features many examples of colonial architecture.
The University of Engineering and Technology, Lahore (UET Lahore) is a public university located in Lahore, Punjab, Pakistan specializing in science, technology, engineering, and mathematics (STEM) subjects. [1] [2] [3] It is the oldest and one of the most selective engineering institutions in Pakistan. Every year around 40,000 candidates ...
Lahore University of Management Sciences (LUMS) (Urdu: لاہور یونیورسٹی آف مینجمنٹ سائنسز) is a private research university in Lahore, Punjab, Pakistan. [2] [3] In 1984, Syed Babar Ali recognized the shortage of qualified managers in the country. He proposed to establish a world-class university that would attract ...
In November 2015, VEON announced the acquisition of Warid Pakistan, a subsidiary of Abu Dhabi Group. Completed in July 2016 after due approvals, the first-ever local telecom company acquisition created a combined subscriber base of 50 million. Following the merger of Mobilink and Warid Pakistan, Mobilink was officially rebranded to Jazz in 2017 ...