BankIslami acquires KASB altitude tower in Karachi

By MG News | May 06, 2025 at 09:30 AM GMT+05:00

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May 06, 2025 (MLN): BankIslami Pakistan Limited (PSX: BIPL) has successfully acquired the 32-storey commercial skyscraper, KASB Altitude, located in Clifton Block 1, Karachi, following satisfactory due diligence, regulatory approvals, structural testing, and completion of all necessary formalities and agreements.

The aforementioned information was disseminated through a notification to Exchange.

BIPL was incorporated in Pakistan on October 18, 2004 as a public limited company to carry out the business of an Islamic Commercial Bank in accordance with the principles of Islamic Shariah.

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