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Project Profile

Optimal Utilization of FBR`s Properties On PPP Mode
Project Information
Details
Sector
Real Estate/High-Rise
Implementing Agency
FBR
Location
Islamabad, Karachi and Lahore
Estimated Project Cost
In approval process
Status
CFS Completed Tender document Underway
Overview
The Federal Board of Revenue (FBR) in Pakistan is set to utilize its undeveloped real estate properties across Islamabad, Lahore, and Karachi for commercial, residential, or mixed-use purposes through public-private partnerships.

Properties include prime locations in Sector G-5/2 in Islamabad, MM Alam Road Gulberg-III in Lahore, and Block-3 Gulistan-e-Jauhar, and Block-1 Clifton in Karachi. This initiative aims to optimize asset utilization and foster economic development in strategic urban areas.

Salient Features
Implementation Modality PPP/ completely Design, Build, Finance, Maintain, Operate and Transfer (DBFMOT).
The Project will be implemented using Project Finance structure whereby the private party will form a dedicated project company to implement and execute the Project for a total of 20 years period (which includes 3 years construction period).
Government Contributions
Provision of Land
Government Return
1. Subsidised rent for 8 years or no rent for FBR
2. Corporate taxes of
3. Project assets, at no cost, at the end of concession period
Private Party Return
The private party receives returns through various revenue streams generated by the project, such as rental income from commercial spaces, operational revenues from facilities management.
Contact:
Head Projects
Phone: +92 51 921 1983-5
E-mail:.m.danish@p3a.gov.pk
Public Private Partnership Authority (P3A)
5th Floor, Evacuee Trust Complex, Agha Khan Road, F-5/1, Islamabad, Pakistan
Phone: +92 51 921 1983-5