IMARAT launches the new center of Islamabad: A $500M project

07:30 PM | 23 Oct, 2023
IMARAT launches the new center of Islamabad: A $500M project

ISLAMABAD – Islamabad has a new city center and it's called IMARAT Downtown. A visionary $500M venture by IMARAT, this megaproject is all set to herald a new age in Pakistan's urban development journey. 

The enthusiasm surrounding IMARAT Downtown was at an all-time high until IMARAT, the leading real estate group of Pakistan revealed the megaproject in a grand launch ceremony yesterday. This grand evening was more than just an introduction; it gave a glimpse into the thriving and developed Islamabad of 2047. 

More than just an infrastructure milestone, IMARAT Downtown aims to redefine the residential and commercial standards of the twin cities with a multiverse of its own. Nestled within this prestigious square kilometer are distinct projects that encompass all facets of life. 

The Mall of IMARAT is all set to shine as Pakistan’s biggest mall, offering an unparalleled shopping experience. The IMARAT Residences present a premium residential offering, set to become the most sought-after address in Pakistan. Other notable inclusions are the Grand Bazar, offering a unique market experience, the serene Urban Forest for recreation, the buzzing IMARAT Boulevard, the cutting-edge Harley Health & Wellness Centre, the advanced Cyber Tower, and the educational stalwart, Institute of Architecture, Urban Planning & Building Materials.

IMARAT also introduced its "IMARAT Executive Club", Islamabad’s most premium membership tailored for the group’s valued clients, reflecting the company’s commitment to offering more than just real estate — but a lifestyle. Every corner, every space, every amenity that is a part of IMARAT Lifestyle will speak of a story replete with luxury and personalized to the very last detail.

Mr. Shafiq Akbar, CEO of IMARAT, remarked, "This event was a snapshot of our Vision 2047 for Islamabad's future. Both IMARAT Downtown and the IMARAT Executive Club emphasize our dedication to our clients and the community, and a desire to see Islamabad thriving up to its full potential."

With a series of national and international events scheduled post-launch, Islamabad and investors wait in eager anticipation. Stay tuned as Islamabad prepares to welcome its new city center, an epicenter of luxury, innovation, and lifestyle. 


Pakistani rupee exchange rate to US dollar, Euro, Pound, Dirham, and Riyal - 4 Dec  2023

Pakistani rupee's value remained stable against US dollar, Euro, Pound, Dirham, Riyal and other currencies in the open market.

Dollar Rate in Pakistan Today

On Monday, the US dollar was being quoted at 285.15 for buying and 287.95 for selling.

Euro rate stands at 309.9 for buying and 310.5 for selling. British Pound GBP rate stands at 359.4 for buying, and 360.05 for selling.

UAE Dirham AED currently hovers around 77.45 while rate of Saudi Riyal stands at 75.82.

Today’s currency exchange rates in Pakistan – 4 December 2023

Currency Symbol Buying Selling
US Dollar USD 285.15  287.95 
Euro EUR 309.9  310.5 
UK Pound Sterling GBP 359.4  360.05 
U.A.E Dirham AED 77.45 77.6
Saudi Riyal SAR 75.82 75.97
Australian Dollar AUD 187.72 188.22
Bahrain Dinar BHD 759.94 767.94
Canadian Dollar CAD 209.99 210.49
China Yuan CNY 39.78 39.88
Danish Krone DKK 41.95 42.05
Hong Kong Dollar HKD 36.38 36.48
Indian Rupee INR 3.39 3.5
Japanese Yen JPY 1.49 1.56
Kuwaiti Dinar KWD 926.39 935.39
Malaysian Ringgit MYR 60.38 60.98
New Zealand Dollar NZD 173.44 175.44
Norwegians Krone NOK 26.25 26.55
Omani Riyal OMR 742.16 750.18
Qatari Riyal QAR 78.5 79.2
Singapore Dollar SGD 212.45 212.95
Swedish Korona SEK 27.09 27.19
Swiss Franc CHF 325.38 325.88
Thai Bhat THB 8.05 8.09

Gold prices in Pakistan move down despite positive global cues

The gold remained under pressure as the precious metal moved down despite an upward trend in the international market.

Gold Rates in Pakistan Today - 4 December 2023

On the first day of the week, the price of a single tola of 24-karat gold stands at Rs217,000 and 10 grams of 24k gold costs Rs186,043 

A single tola of 22-karat gold costs Rs170,539, while 21 karat rate for each tola is Rs. 192,325 and the price of 18k gold is Rs164,850.

In the global market, gold prices hover at around $2086, gaining $14.44 on Monday.

Today Gold Rate in Pakistan

City Gold Silver
Lahore PKR 217,000 PKR 2,720
Karachi PKR 217,000 PKR 2,720
Islamabad PKR 217,000 PKR 2,720
Peshawar PKR 217,000 PKR 2,720
Quetta PKR 217,000 PKR 2,720
Sialkot PKR 217,000 PKR 2,720
Attock PKR 217,000 PKR 2,720
Gujranwala PKR 217,000 PKR 2,720
Jehlum PKR 217,000 PKR 2,720
Multan PKR 217,000 PKR 2,720
Bahawalpur PKR 217,000 PKR 2,720
Gujrat PKR 217,000 PKR 2,720
Nawabshah PKR 217,000 PKR 2,720
Chakwal PKR 217,000 PKR 2,720
Hyderabad PKR 217,000 PKR 2,720
Nowshehra PKR 217,000 PKR 2,720
Sargodha PKR 217,000 PKR 2,720
Faisalabad PKR 217,000 PKR 2,720
Mirpur PKR 217,000 PKR 2,720


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