Ban on high-rise buildings in Karachi lifted: SC

News Image

MG News | December 11, 2018 at 10:40 AM GMT+05:00

0:00

December 11, 2018 (MLN): The Supreme Court of Pakistan has removed the ban on construction of high-rise buildings with more than six storeys in Karachi. As per reliable sources, a hearing at the honorable court regarding this matter, took place earlier today.

As an aftermath of the decision, demand for commodities associated with the construction industry, such as cement and steel is expected to rise in future.

Previously in May 2017, Sindh Building Control Authority (SBCA) had issued a notice on construction of skyscrapers and multi-storey buildings, placing a ban on the ones that go beyond ground plus two stories.

As per the SBCA’s statement, the ban was placed due to a letter received from the Local Government Department in compliance with the Supreme Court's orders.

The Supreme Court had restrained SBCA from issuing building approval plans for new high-rise and multi-storey commercial and residential projects, without the availability of proper water supply and sewerage systems.

However, as a result of this, many projects were shelved including 20 that came within the high-density zone of the city. This caused colossal losses to builders.

A lawyer representative of the Association of Builders and Developers declared that there was no water shortage in the city, but prevalent mismanagement in water distribution.

Taking notice of the situation and the fact that the court could not shutdown an industry which provided employment to so many people, Chief Justice Saqib Nisar in January 2018, ordered that the builders could construct only six floors in the projects strictly subject to ensuring availability of spaces for parking and other amenity purposes.

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 134,299.77
290.06M
0.39%
517.42
ALLSHR 84,018.16
764.12M
0.48%
402.35
KSE30 40,814.29
132.59M
0.33%
132.52
KMI30 192,589.16
116.24M
0.49%
948.28
KMIALLSHR 56,072.25
387.69M
0.32%
180.74
BKTi 36,971.75
19.46M
-0.05%
-16.94
OGTi 28,240.28
6.19M
0.21%
58.78
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 118,140.00 119,450.00
115,635.00
4270.00
3.75%
BRENT CRUDE 70.63 70.71
68.55
1.99
2.90%
RICHARDS BAY COAL MONTHLY 97.50 0.00
0.00
1.10
1.14%
ROTTERDAM COAL MONTHLY 108.75 108.75
108.75
0.40
0.37%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 68.75 68.77
66.50
2.18
3.27%
SUGAR #11 WORLD 16.56 16.60
16.20
0.30
1.85%

Chart of the Day


Latest News
July 11, 2025 at 10:56 PM GMT+05:00

Gold price in Pakistan rises Rs2,300 per tola


July 11, 2025 at 05:49 PM GMT+05:00

PKR gains 10 paisa per USD


July 11, 2025 at 05:41 PM GMT+05:00

PSX Closing Bell: Bulls Serenade The Bourse


July 11, 2025 at 05:06 PM GMT+05:00

UBL doubles profit to Rs65bn in 1HCY25


July 11, 2025 at 04:19 PM GMT+05:00

Ideal Spinning Mills to exit spinning business



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg