Groundbreaking ceremony held for tallest building in Pakistan

The groundbreaking ceremony in Karachi, the country's commercial capital, was held under the patronage of His Excellency President General Pervez Musharraf.

Karachi Financial Towers, scheduled for delivery in 36 months, is being developed by ENSHAANLC Developments, ENSHAA Holding's joint venture company, and will include two identical 37-story towers connected by a three-floor glass skybridge. A lifestyle address for both local and international investors, the mixed-use KFT will house two floors of prime retail space and the highest quality amenities, including a stunning indoor recreation facility at the skybridge level.

Mazhar-Ul-Haq, Chief Executive Officer, ENSHAANLC Developments (Pvt) Ltd, said: "Today's groundbreaking ceremony at Karachi Financial Towers represents the beginning of a new era in the city's thriving financial district. KFT will become the preferred address for global business in Pakistan, and will further invigorate the country's booming national economy. This is a proud day for both ENSHAANLC and the people of Pakistan."

He continued: "We are honoured to host this signal event under the patronage of His Excellency President General Pervez Musharraf, whose government has demonstrated its commitment to upgrading the range of professional services and infrastructure in the country and, simultaneously, attracting increased foreign investment. We are confident that Karachi Financial Towers will build even further upon that success. KFT will not only be the tallest structure in the country, it will stand as a beacon of all that the country can achieve."

The twin towers will include 1.4 million square feet of built-up area, including five levels of podium parking capable of accommodating 1,850 motor vehicles. The total plot size is 116,550 square feet.

In compliance with the Karachi International Financial Centre Master Plan, which provides a flexible framework for the long-term development of the site, KFT will form the hub of the city's financial district. KFT will be the first project on a master-planned site of 15 acres at Railway Land on I.I. Chundrigar Road, already home to financial services firms such as the Karachi Stock Exchange, State Bank of Pakistan, National Bank of Pakistan, Bank Al-Falah, Standard Chartered Bank and Citibank.

The towers are being built by ENSHAANLC Developments (Pvt) Ltd, a joint venture of ENSHAA Holdings Ltd and NLC Developers (Pvt) Ltd (NDPL).