KARACHI: Turkish-Style retail and wholesale mall has been introduced in Pakistan (Karachi) for the first time.<\/p>\n
The mall is designed to facilitate business and economic activities while giving a unique experience to the customers similar to the retail and wholesale shopping mall of Turkey.<\/p>\n
The mall \u201cThe Grand Bazaar\u201d has been famous in Istanbul and the same model has been replicated in Karachi, Pakistan, said Moonis Ikhlas- Chief Marketing Office Twenty-One Builders and Developers.<\/p>\n
“We are introducing the wholesale market in the country’s commercial capital, which will be the hub of supplies of significant goods and commodities all over the country”, he said.<\/p>\n
The Turkish style of the wholesale mall is being launched for the first time in Pakistan. “The Grand Bazaar,” with a concept to amalgamate all sectors of the economy under one roof.<\/p>\n
The new project will revolutionize the idea of wholesale business in the country, which will be replicated in different cities,\u201d he added.<\/p>\n
The location had been strategically chosen on Northern Bypass to facilitate wholesale businesses considering the convenience of logistics and supply chains to the whole country.<\/p>\n
In developed countries, the wholesale markets are located on the outskirts of the city, which is why our project has exclusivity to provide a model to Karachi and significant cities to transform cities as similar to metropolises of developed countries.<\/p>\n
From automobiles to toy shops, clothes to groceries, every sector will be allocated a differentiated space under the customized requirement of businesses.<\/p>\n
Investors and people in business will purchase plots in The Grand Bazaar in an open policy, but they can be facilitated on demand with our advanced construction and development services by us.<\/p>\n
The development of this mega project will stir long-term construction activities in the surrounding area.<\/p>\n
Commercial real estate projects, including shopping centers and malls, are a catalyst to attract local and foreign investment, stirring the economic activities as hubs of businesses at a massive scale within a city, he added.<\/p>\n
As per Pakistan Economic Survey for FY21, the construction sector contributed 2.5 percent to GDP, while 7.71 percent of the employed Pakistani labor force is engaged in the construction sector, he noted.<\/p>\n
According to him, there are at least 40 other industries closely associated with the construction industry.<\/p>\n
As per the State Bank of Pakistan (SBP), the construction sector received foreign direct investment of $82 million in the last two financial years.<\/p>\n
The role of commercial real estate is tremendous in our country, and it is also phenomenal in boosting economic activities, generating entrepreneurial activities, and hundreds of employments at wholesale and retail levels at a particular shopping center.<\/p>\n
“There are well-known business tycoons behind the major real estate project, but a majority of them prefer to adopt a retail model in Pakistan; we are among a few investors who took a unique initiative to develop a world of wholesale business in the commercial capital of Pakistan,” he continued.<\/p>\n
The single roof concept also facilitates documentation of the economy in which the collection of taxes is easily done by the revenue authorities, he further stated.<\/p>\n","protected":false},"excerpt":{"rendered":"
KARACHI: Turkish-Style retail and wholesale mall has been introduced in Pakistan (Karachi) for the first time. The mall is designed to facilitate business and economic activities while giving a unique experience to the customers similar to the retail and wholesale shopping mall of Turkey. The mall \u201cThe Grand Bazaar\u201d has been famous in Istanbul and the same model has been replicated in Karachi, Pakistan, said Moonis Ikhlas- Chief Marketing Office\u2026<\/p>\n","protected":false},"author":3,"featured_media":18636,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-18635","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"img_urls":{"thumbnail":["https:\/\/propakistani.pk\/proproperty\/wp-content\/uploads\/2023\/08\/ProProperty-Design-Template-1000x560-6.jpg",1000,560,false],"medium":["https:\/\/propakistani.pk\/proproperty\/wp-content\/uploads\/2023\/08\/ProProperty-Design-Template-1000x560-6.jpg",1000,560,false],"full":["https:\/\/propakistani.pk\/proproperty\/wp-content\/uploads\/2023\/08\/ProProperty-Design-Template-1000x560-6.jpg",1000,560,false]},"author_name":"Firas Qureshi","categories_name":["News"],"title_text":"Turkish-Style Shopping Mall Introduced For the First Time in Pakistan","related_stories":"https:\/\/propakistani.pk\/proproperty\/wp-json\/wp\/v2\/posts?filter&per_page=4&categories=5&exclude=18635","_links":{"self":[{"href":"https:\/\/propakistani.pk\/proproperty\/wp-json\/wp\/v2\/posts\/18635","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/propakistani.pk\/proproperty\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/propakistani.pk\/proproperty\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/propakistani.pk\/proproperty\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/propakistani.pk\/proproperty\/wp-json\/wp\/v2\/comments?post=18635"}],"version-history":[{"count":0,"href":"https:\/\/propakistani.pk\/proproperty\/wp-json\/wp\/v2\/posts\/18635\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/propakistani.pk\/proproperty\/wp-json\/wp\/v2\/media\/18636"}],"wp:attachment":[{"href":"https:\/\/propakistani.pk\/proproperty\/wp-json\/wp\/v2\/media?parent=18635"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/propakistani.pk\/proproperty\/wp-json\/wp\/v2\/categories?post=18635"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/propakistani.pk\/proproperty\/wp-json\/wp\/v2\/tags?post=18635"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}