Naya Nazimabad Hosts Send Off Lunch for Karachi Kings and Quetta Gladiators

F.P. Report

KARACHI: To celebrate Pakistan Super League seas 5 being played in Pakistan, Naya Nazimabad hosted a send-off lunch in honour of the PSL Teams Karachi Kings’ and Quetta Gladiators.

The ceremony was attended by Governor Sindh, Imran Ismail; Provincial Minister; Saeed Ghani; Mayor Karachi, Waseem Akhtar; Commissioner Karachi, Iftikhar Shallwani; along with top businessmen, bankers, cricketers and a large number of cricket lovers at Naya Nazimabad.

Both the teams – Karachi Kings and Quetta Gladiators were also present along with their respective owners, Mr. Salman Iqbal and Mr. Nadeem Omar, and their advisors Mr. Wasim Akram and Mr. Moin Khan. Both Mr. Salman Iqbal and Mr. Nadeem Omar expressed their exuberance at cricket coming back to Pakistan and resolved to keep working for its continuity.

Mr. Arif Habib, addressing the teams said, “Cricket is a game of thrills which the entire nation loves and enjoys. We wish Quetta Gladiators and Karachi Kings all the best and look forward to watching the teams playing competitively.”

Referring to the recently issued letters by the DC-West which have raised some unfound observations about the Naya Nazimabad Project, Mr. Arif Habib, explained that such observations have been raised in the past as well and investigated by different courts and regulatory agencies. All such investigations have concluded that the land title of Javedan Corporation Limited (JCL) is absolute, lawful, clean and clear.

The project has been approved after investigations by various agencies. It is a model housing society that offers all recreational facilities including parks, grounds, stadiums and mosques etc. for healthy and wholesome living.

Naya Nazimabad is a project of JCL, which has almost 4,000 shareholdera and is listed on the Pakistan Stock Exchange. It is not a proprietorship or a privately owned company. It is in fact the only listed company which is engaged in the business of development.

Present sponsors had acquired this company through a transparent, privatization process. The land owned by this company, which makes Naya Nazimabad, is either 99 years leasehold land or free-hold land. This land is in the company’s possession even before its nationalization in 1972.

In 2011, company launched Naya Nazimabad project after obtaining all regulatory approvals as prescribed in relevant laws. Till date, over 2,800 allotments have taken place, 1,000 leases have been completed and the project has 30,000 houses in prospect and potentially 150,000 residents will benefit of contemporary modern healthy living.

He further said, that Ghat-Wadh form no. 35 reflects the measurement and demarcation of the land only. It has nothing to do with the land title, which is perfect and spotless. The form was issued following the due process. DC-West letters are in contempt of the restraining order issued by the Sindh High Court on February 11, 2020. The company is serving legal notices to DC-West in this regard.

Mr. Arif Habib restated sponsors’ resolve to continue to develop Naya Nazimabad for the progressive middle-class of Karachi as the benchmark in its class.