Stock Market

TPLP enters into ‘Agreement to Sell’ to develop Technology Park

In a latest notification to PSX, TPL Properties Limited (TPLP) announced that its wholly-owned subsidiary, has entered into an ‘Agreement to Sell’ dated 10th November 2020, for the purchase of Plot situated at Korangi Industrial Area, Karachi, to develop a Technology Park.

The Company plans to use this property to develop a Technology Park. The Technology Park will be the first of its kind of such scale in the Province of Sindh, with high-end technology facilities. Such a platform with high end IT infrastructure shall provide a platform to several IT sector companies across Pakistan. The timeline for the completion of the project is anticipated to be two years which includes the planning and designing phase.

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