Pace Pakistan signs 161.8 kanal DHA Gujranwala development MOU

Hafiz Muhammad Abdullah Hashim | December 02, 2025 at 12:26 PM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

December 02, 2025 (MLN): Pace (Pakistan) Limited (PSX: PACE), a leading real estate development company, has a significant milestone through its subsidiary Pace Barka Properties Limited.

The company has entered into a pivotal Memorandum of Understanding (MOU) with Defence Housing Authority (DHA) Gujranwala to develop and manage a large-scale mixed-use commercial hub.

The partnership agreement involves Pace (Pakistan) Limited and Pace Barka Properties Limited, each holding a 50% stake in the joint venture, the company's filing on PSX revealed today.

The project encompasses the development and management of a mixed-use commercial hub spanning over 161.8 Kanals (approximately 20.2 acres) within DHA Gujranwala.

This strategic collaboration marks Pace Pakistan's entry into the Gujranwala real estate market, expanding the company's footprint beyond its existing operations in multiple cities across Pakistan.

At the time of writing, PACE shares are being trading at Rs24.01, down Rs0.27 (-1.11%) compared to the previous closing price

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	170,511.86 278.75M	0.98% 1646.82
ALLSHR	103,203.80 682.99M	0.89% 908.76
KSE30	50,839.23 100.13M	1.18% 592.12
KMI30	243,245.60 147.66M	1.61% 3852.07
KMIALLSHR	66,892.15 407.33M	1.15% 757.54
BKTi	47,509.55 28.38M	0.77% 361.93
OGTi	34,789.19 8.38M	1.60% 547.02

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	77,880.00	79,965.00 76,030.00	620.00 0.80%
BRENT CRUDE	105.23	109.97 103.50	-2.40 -2.23%
RICHARDS BAY COAL MONTHLY	130.00	0.00 0.00	1.70 1.33%
ROTTERDAM COAL MONTHLY	140.00	0.00 0.00	-0.75 -0.53%
USD RBD PALM OLEIN	1,228.00	1,228.00 1,228.00	0.00 0.00%
CRUDE OIL - WTI	99.78	104.46 98.48	-2.70 -2.63%
SUGAR #11 WORLD	18.10	18.84 17.93	-0.63 -3.36%