Sindh Real Estate News and Land Insights

Karachi | ReNews Pakistan
The Sindh government has launched a province-wide fire safety compliance drive, directing all provincial departments to ensure that public buildings and institutions under their control meet prescribed fire safety standards within 15 days.
Sindh Chief Secretary Asif Hyder Shah issued the directives during a high-level meeting held on Thursday following a province-wide audit of 3,354 public buildings. The administration has been instructed not only to install fire safety systems but also to ensure that all equipment remains functional, properly maintained and immediately available in case of an emergency.
Under the directive, administrative departments and divisional commissioners must submit signed compliance certificates within 15 days, confirming that buildings under their jurisdiction have adequate and operational fire safety arrangements.
According to the Provincial Disaster Management Authority (PDMA), the audit covered 798 buildings in Karachi Division, 1,287 in Hyderabad, 420 in Larkana, 129 in Mirpurkhas, 418 in Shaheed Benazirabad and 302 in Sukkur.
The Chief Secretary emphasized that fire safety measures should not be treated as a paperwork exercise. Authorities have been directed to verify the operational condition of safety systems and ensure that buildings remain prepared to respond to fires and other emergencies.
The government has placed particular emphasis on facilities used by vulnerable groups and large numbers of people. These include hospitals, schools, colleges, hostels, prisons, child protection centres, orphanages, Dar-ul-Amans and bus terminals.
The compliance campaign will also extend to commercial centres, markets and industrial establishments, where fire incidents can potentially result in significant loss of life and property because of high occupancy, electrical loads, machinery and other hazards.
The Sindh Building Control Authority (SBCA) has separately been directed to submit a report within 15 days regarding more than 580 buildings declared dangerous across the province. The report is expected to provide authorities with a clearer assessment of the safety risks associated with these structures and help determine further action.
Meanwhile, hospitals are also being brought under a stricter inspection regime. The Sindh Healthcare Commission (SHCC) has announced that its inspection teams will conduct unannounced fire safety inspections at healthcare facilities across the province.
The surprise inspections are intended to determine whether fire safety arrangements are genuinely operational rather than merely documented for regulatory purposes. Inspection teams will examine fire alarms, fire extinguishers and other emergency safety equipment, as well as records showing their inspection, servicing and maintenance.
The latest measures reflect growing concern over fire safety standards in public and institutional buildings and the need for authorities to ensure that emergency systems are functional before an incident occurs.
With departments given a 15-day deadline to submit compliance certificates, provincial authorities are expected to closely monitor implementation and take further action against facilities that fail to meet the required safety standards.

Karachi | ReNews Pakistan
DG Khan Cement Company Limited has posted its highest ever annual profit of Rs. 11.4 billion for fiscal year 2026, marking a strong improvement in earnings compared with the previous year.
The company’s earnings per share increased 32 percent year on year to Rs. 26.08 in FY26, compared with Rs. 19.80 in FY25.
According to Arif Habib Limited, the record profitability was supported by higher cement sales in the local market, improved retention prices and a significant reduction in financing costs.
Local cement dispatches increased by 4 percent during the year, while retention prices improved by 8 percent year on year, supporting both revenue growth and profit margins.
Finance costs also declined by 67 percent, providing a major boost to the company’s bottom line.
The FY26 results show that DG Khan Cement benefited from stronger domestic demand, improved pricing and substantially lower financial expenses, helping the company achieve a record level of annual profitability.

Karachi | ReNews Pakistan
Globe Residency REIT, linked to the Globe Residency Apartments project in Karachi's Naya Nazimabad, has reported a sharp increase in revenue for FY2026 and announced a 40 percent cash dividend for its unit holders.
According to its financial results for the year ended June 30, 2026, the REIT recorded sales of approximately Rs 4.80 billion, compared with around Rs 2.63 billion in the previous financial year.
The figures represent an increase of about 82.5 percent in annual sales.
Net profit also increased to approximately Rs 578.18 million, up from Rs 539.23 million a year earlier.
Earnings per unit improved from Rs 3.85 to Rs 4.13.
Globe Residency REIT announced a cash dividend of Rs 4 per unit, equivalent to 40 percent of the unit's Rs 10 face value, for FY2026.
The latest distribution marks the REIT's fourth consecutive annual payout since its listing on the Pakistan Stock Exchange. It distributed Rs 3.50 per unit for FY2025, Rs1.75 for FY2024 and Rs 3 per unit for FY2023.
Globe Residency REIT is managed by Arif Habib Dolmen REIT Management Limited and is described as Pakistan's and South Asia's first listed developmental REIT.
Its underlying project, Globe Residency Apartments, is located within Naya Nazimabad in Karachi and comprises around 1,344 apartments across nine towers.
The latest financial performance reflects stronger sales from the underlying residential project, along with an improvement in profitability and returns distributed to unit holders.