ISLAMABAD: Award-winning Miami design house Varabyeu is coming to Pakistan as partner of One Homes, a leading real estate development group, for its new Islamabad development.
The collaboration will see Varabyeu as the lead design partners for One Homes’ recently acquired $180 million mega mixed-use development.
The collaboration between One Homes and Varabyeu Partners represents a significant milestone in Pakistan’s real estate industry. One Homes is bringing in yet another global giant to Pakistan who will capitalize on their global experience to create a landmark in Pakistan.
Varabyeu Partners are a leading Miami based design house renowned for designing iconic lifestyle-centric destinations. Their landmark architectural designs and sustainable practices have earned them numerous accolades worldwide, including notable projects like Peninsula Vallarta, Amancay Residences in Mexico, Paradox Tower in Santa Fe, Mexico, Minsk Art Centre in Belarus, and Marriott International in Belarus.
Commenting on the collaboration, Arseni Varabyeu from Varabyeu Partners said that starting a new project in a beautiful part of the world was fascinating.
“We are thrilled to collaborate with the One Homes team to produce a new product for the high-end market. The vision behind the project will be inspired by the beautiful city of Islamabad and the green Himalayan foothills surrounding the site. Our goal is to minimize the impact on the land and create an icon in Pakistan whilst maintaining an organic and sustainable design,” he further explained.
“Like we do across the world, we will establish a self-sufficient hub that caters to both families and visitors. Capitalising on the location we will blend city living with postcard-like landscapes,” he added.
One Homes have built a robust reputation for operating in Pakistan with international best practices of integrity, innovation, and commitment. As a leading international real estate group they have brought numerous leading global giants to Pakistan including Kobi Karp, WATG, and Versace ceramics, setting new standards in the market.
Founded by entrepreneur Zeeshaan Shah, the One Group is a leading foreign investor in Pakistan, with over $400 million worth of projects in the country, including recent projects One Canal Road in Lahore and One Serene Residences in DHA, Islamabad. The group aims to build destinations that inspire and empower people to live better.
Anticipated to be a landmark in Islamabad’s cityscape, this partnership reflects a shared dedication to excellence and elevates the concept of modern living.
BEIJING: Beijing will continue to support Pakistan in stabilising its financial situation, the Chinese state media quoted China’s President Xi Jinping as saying following his meeting with Prime Minister Shehbaz Sharif on Wednesday.
China and Pakistan should move forward more effectively with the construction of their economic corridor, as well as accelerate the construction of infrastructure for the Gwadar Sea Port, the state media reported.
Premier Shehbaz and President Xi Jinping met earlier today and agreed to strengthen the strategic partnership between the two countries, including the China-Pakistan Economic Corridor (CPEC).
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The two leaders met at the People’s Great Hall of China and talked about broad-based cooperation in the economy and investment besides exchanging views on regional and global developments.
Shehbaz and Xi also discussed the need to further promote the ‘all-weather strategic cooperation partnership’ between the two nations.
PM Shehbaz is expected to spend a busy day in Beijing today. He will meet Premier Li Keqiang and is likely to meet with Chinese investors and Pakistani businessmen.
The Pakistani premier landed in Beijing on Tuesday on a two-day official visit to meet Chinese leadership and review the “all-weather strategic cooperation partnership” and discuss regional and global developments.
On his arrival at the Beijing airport, the senior Chinese officials warmly received the prime minister who was heading a high-level delegation.
The premier is among the first leaders to visit China following the historic 20th National Congress of the Communist Party (CPC) of China that elected Xi Jinping as general secretary of the party.
ISLAMABAD: Leading global luxury lifestyle developer, ONE Homes, have appointed world renowned architectural design firm, VX Studio as the lead design consultant for One Serene Residences, Pakistan’s first-of-a-kind $40 Million resort-living development in Islamabad.
The Group recently acquired 100,000 sq. ft. of prime land in the twin cities where they will be developing Pakistan’s first resort-themed development, tailor-made for overseas Pakistanis, according to a press release issued here on Monday.
Headquartered in Dubai, VX Studio is a renowned architectural design firm with projects and developments globally. Their value-driven, developer-led designs continue to turn heads and prove successful from concept to execution.
VX Studio has a vast portfolio of delivering iconic projects of varying size and complexity, across master planning, hospitality, multi and single family residential, retail and mixed use, repositioning, cultural and healthcare.
The construction value of the projects within VX Studio’s portfolio exceeds US$5 Billion including the Mandarin Oriental, Istanbul, Saadiyat Island Beach Club, Nuraxi Retreat, Sardinia, Italy and Niyama Resort Maldives.
As the lead design consultants for the first-ever resort-style living concept, One Serene Residences, VX Studios is coming to Pakistan with its extensive portfolio and timeless designs to create something exceptional.
During the signing ceremony, Irma Coello, Project Director of VX Studio, said, “One Serene Residence is our first development in Pakistan and a befitting first as the first resort-themed development in Pakistan in an unparalleled location. ONE Homes' reputation as the world-class leading developers adds to our portfolio and ensures that together, we bring the best from around the world and make it available in the region. One Serene Residences will be a landmark destination not only in Pakistan but across the region.”
Commenting on this collaboration, Aqib Hassan, Chief Commercial Officer, ONE Homes, said, “By continuing to partner with globally acknowledged companies, and focusing on the finer details to deliver the extraordinary, we ensure that every destination we create is executed with perfection.
With a dedication to high quality design, VX Studio will create elegant, welcoming and heartwarming lifestyle-centric living spaces at One Serene Residences.”
ONE Homes is known for building spaces that foster human connection, happiness and well-being, inspiring and empowering people to live better.
Focused on building a world class best resort-style destination in Islamabad, the groups reaffirmed their commitment to develop a destination that will deliver an all encompassing lifestyle, empowering and inspiring its residents to live their best lives.ISLAMABAD: Pakistan’s Honorary Ambassador-at-Large on Investment Zeeshaan Shah visited Silicon Valley of the United States of America (USA) and showcased the vibrant economic opportunities Pakistan’s Information Technology (IT) market offered for the world.
He visited the worlds IT Mecca home to global giants including, Facebook, Microsoft and Apple, said a statement on Monday.
Zeeshaan Shah engaged with a number of leading entrepreneurs and sector professionals in Silicon Valley where he discussed Pakistan’s IT sector and invited them to be part of it.
Engagements were held at the Four Seasons Hotel Palo Alto through out the day including meetings with a leading developer of data centres who are interested in investing up to $100 million USD in Pakistan.
He outlined in the meetings that Pakistan’s IT sector was a sleeping giant which is now starting to reach it’s true potential. The IT exports have shown exponential growth growing from $400 million in 2012 to $2 billion plus in the last financial year.
He especially thanked the American Pakistani diaspora for the role they played in bridging the gap between Pakistani companies and Pakistan’s largest export market the USA.
He went on to explain that Pakistan presents a phenomenal Virgin opportunity, with amongst the world’s youngest populations, a tech savvy, smart phone using population of almost 220 million consumers.
Pakistan can learn from the principles of the United States’s success in the modern world, by utilising their energies towards science, innovation and technology, to lead Pakistan into the 21st century as a valuable and progressive contributor to the global economy, he added.
Zeeshaan Shah will be attending the leading global investor network open Silicon Valley’s annual dinner whilst in the Bay Area in addition to closed door engagements with industry leaders.
— International developer to launch tailor-made development for overseas Pakistanis
ISLAMABAD: As a major boost to the federal government’s efforts to lure foreign direct investment (FDI) in the country, One Homes, a leading international property developer company has acquired a 100,000 square feet piece of prime land in the twin cities for Islamabad and Rawalpindi to become first ever tailor-made resort style living development for overseas Pakistanis.
The development which sits at the top of a valley and enjoys front line unobstructed views over a 2500-acre national forest is expected to be a first of its kind in the capital.
Talking to media here on the acquisition of the land, One Homes Co-Founder and Chief Commercial Officer, Aqib Hassan said that the company has a very stringent criteria when acquiring land, and the company often spends years in its acquisition process.
“To give you an idea on average we profile 20 sites before any single acquisition. Then after the initial profiling stage shortlisted sites go through an extensive due-diligence process which we have created that mirrors the legal process in the UK which enables us to deliver the same level of security and comfort to our customers buying with us in Pakistan that we give to clients buying from us in the UK or Dubai,” he said.
Aqib said the development which is currently in the design development stage is expected to be launched in the market towards the end of summer 2022.
“We’re currently in the design development stage and as we always do we have engaged with world leading consultants on this development to ensure the project is at par with the greatest projects we have been involved with whether than be here in Pakistan, Dubai or London,” he added.
Aqib said The ONE Group has been involved with some of the most high-profile developments across the United Kingdom, Dubai and Pakistan. He said the company currently has four mega projects in Pakistan with Gross Development Value exceeding $200 Million USD including Diyar Homes and the highly celebrated ONE Canal Road Lahore by Kobi Karp with interiors finished by VERSACE ceramics, which are being developed under partnership.
About the comparison of this development with past projects, Aqib said that the land is our canvas that defines the development and its potential.
“In Lahore we found the most prime location in the city and we’re just as excited with this new acquisition, it has qualities that make it just as good and it certain ways perhaps even better. We’re greatly looking forward to bringing another ground-breaking development to the market and continuing to lead the market in terms of lifestyle & design centric real estate,” he said.
He was of the view that Pakistan’s real estate market has seen robust growth showing a continuous upwards trend throughout changing global economic and political climates.
Commenting on Pakistan’s economy Aqib said that Pakistan’s real estate market is amongst the world’s best performing with prime cities appreciating up to 300% percent in the last decade alone, it’s really a train that doesn’t have stops.
“It’s under pinned by a rapidly growing young demographic, amongst the world’s highest rates of urbanisation and with affordability set to explode in the years ahead with mortgage finance trickling into the market, I foresee similar at least if not higher growth for the next decade ahead. We often forget the value proposition Pakistan’s real estate market presents, it’s up to 80% cheaper than comparable regional markets, there is tremendous space for growth,” he added.
The groups medium term plan is to deliver projects worth 200 billion PKR in Pakistan by 2027.
“We look forward to continuing our journey as a pioneer and market leader in Pakistan, with a focus on being the pioneers and flag bearers for lifestyle focussed, design centric real estate in Pakistan. The foundations of our business are built on being a thorough client-centric organisation, we understand in its true essence great real estate is about developing lifestyles and with our customer at the heart of our business’s philosophy and operations that’s what we will deliver,” he maintained.
ONE Homes is part of the ONE Group a sister company to Dubai leading real estate company ONE Investments and UK’s ONE Capital. ONE Capital recently acquired a prime site to develop a 75,000 square foot industrial logistics hub in the centre of England.
ISLAMABAD: Prime Minister Shehbaz Sharif has appointed eminent entrepreneur Zeeshaan Shah as Ambassador-at-Large on Investment, according to a notification issued by secretary to the prime minister.
Later, Zeeshan Shah called on Prime Minister Shehbaz Sharif and discussed in detail his plans to facilitate foreign investment to Pakistan.
The prime minister assured Shah of full support of his government and said that the government had taken appropriate measures to revolutionize the ease of doing business and all necessary steps would be taken to facilitate the foreign investors in Pakistan.
Speaking about his new assignment, Shah said that he was indebted to the prime minister for reposing trust in his abilities and he would be serving the cause of Pakistan selflessly. He said that he would soon be traveling to
the US to meet with investors in Houston, Dallas, Los Angeles, San Francisco, Chicago and New York to lobby for investing in Pakistan which has been declared Asia’s promising emerging economy.
He said that the government’s measures and tax concessions in Special Economic Zones provide lucrative opportunities to the foreign investors and he would do whatever needed to market the investment potential of Pakistan abroad.
Zeeshaan Shah is a multi-award-winning entrepreneur based out of London. His accolades include International Entrepreneur of the Year 2019 bestowed on him at the Asian Business Awards held in Mayfair, London.
China’s exports rebounded and grew at a double-digit pace in May, shattering expectations and adding to signs that China’s economy is recovering from COVID-19 outbreaks as factories restarted and logistics snags eased in Shanghai, customs data showed on Thursday.
The country’s exports rose 16.9 percent in May year on year in dollar terms, accelerating from April’s 3.9-percent increase, according to the General Administration of Customs (GAC). It was the fastest growth since this January and beat Reuters’ forecast of an 8-percent gain.
The dollar-denominated imports also expanded for the first time in three months, rising 4.1 percent in May from a year ago. It compared with flat growth in April, and was above Reuters’ expectation of a 2-percent increase.
Foreign trade value increased 11.1 percent to $537.74 billion last month, with exports jumping to $308.25 billion, and imports growing to $229.49 billion, according to GAC. The country posted a trade surplus of $78.76 billion in May, versus a $51.12 billion surplus in April.
The Shanghai port, which was running at severely reduced capacity in April, has also been handling more cargo since last month, with official data showing that daily container throughput at the world’s biggest port is back to 95.3 percent of the normal level in late May.
China will introduce targeted measures to boost foreign trade, including improving port operations, lowering shipping costs, organizing online trade fairs to help foreign trade firms secure orders and offering export tax rebates, Vice Commerce Minister Wang Shouwen said Wednesday.
“We must be clear about the uncertainties for foreign trade while the global economy recovery remains fragile and demand growth is still slow,” Wang said, adding that rising global inflation will reduce consumer spending on foreign goods.
However, Wang believes that there’s positive outlook for China’s foreign trade, with easing COVID-19 disruptions, growing free trade agreement partners, and the government’s supportive policies.
The central government has recently announced a package of 33 measures, covering fiscal, financial, investment and industrial policies to prop up the economy. The central bank in May also cut its benchmark reference rate for mortgages, the second reduction this year.
The Association of Southeast Asian Nations (ASEAN) remains China’s largest trading partner in May, making up 15.5 percent of China’s total foreign trade.
China’s imports and exports to ASEAN, the EU and the U.S. were $76.98 billion, $66.52 billion and $59.78 billion, up 9.4 percent, 8.9 percent and 10.9 percent year on year, respectively.
In the agricultural sector, BeiDou-related deep soil loosening machines, as well as drones for plant protection and seed sowing, can be remotely controlled and managed. In the forestry sector, BeiDou terminal products can assist forest rangers and fire guards to patrol forests and check their routes.
The navigation system has also been applied in other fields, including dam deformation monitoring, the establishment of management and monitoring platforms for the transportation of construction debris in urban areas and measurement of the height of Mount Qomolangma, among others.
Statistics suggest that there were more than one billion terminal devices with the BDS positioning service by the end of 2021.
The BeiDou system has comprehensively served transportation, public security, emergency management, agriculture, forestry, animal husbandry and fishery, and many other industries. It has also been integrated into the construction of infrastructure projects in the fields of electric power, finance and communications, widely adopted in the fields of mass consumption, sharing economy and people’s livelihood.
The BDS has achieved a comprehensive breakthrough in mass consumption represented by its extensive application in smartphones and smart wearable devices.
The world’s major chipmakers, including component providers for smartphones, can provide products that widely support the BDS. BDS ground-based augmentation messaging has been applied in smartphones, with meter-level positioning capabilities.
In 2021, the number of China-made smartphone shipments with BDS application support reached 324 million, accounting for 94.5 percent of the country’s total that very year.
The BDS’s high-precision positioning and timing services had been used over 100 billion times per month as of March 2022, of which the monthly requests for the system’s acceleration auxiliary positioning service had exceeded 60 billion, and that for its real-time high-precision positioning services with centimeter-level accuracy and sub-meter level accuracy had surpassed 48 billion.
At present, the BDS’s acceleration auxiliary positioning service has been embedded in almost every China’s homemade smartphone. The BDS is employed to provide precise positioning and timing services for all kinds of intelligent machines, from automobiles, drones, shared bikes and buses, to road infrastructure facilities, and to monitoring equipment of bridges and mines.
The BeiDou system has provided services for a total of more than 1.1 billion people from more than 100 countries and regions around the world.
The system has achieved integration across industries and regions, seeing thriving applications such as intelligent vehicle infrastructure cooperative systems and unmanned delivery, among others.
Industries won’t achieve digital and intelligent development without the support of major timing and positioning infrastructure.
By providing timing and positioning services, the BDS has become a major infrastructure that supports the development of the digital economy, being of great significance for promoting the synergy of the digital industry, digital transformation of industries and digital governance, according to Yang Changfeng, chief designer of the BDS, who is also an academician with the Chinese Academy of Engineering.
China has included the application of BeiDou into its plans for many industries. A document issued in April 2022 on the key tasks for the development of digital villages specified that the country will promote the adoption of BeiDou terminal products in agricultural production.
The country also stated in a recent plan that it will vigorously develop smart transportation and speed up the application of the BDS during its 14th Five-Year Plan period (2021-2025). Specifically, China will push forward the innovative application of the BDS in autonomous driving, intelligent shipping, intelligent railway, intelligent civil aviation and intelligent postal service, and build a BeiDou-driven industrial chain in the transportation sector, the plan said.
The constantly improving BDS and its increasing capabilities lay a solid foundation for the vigorous development of the BeiDou industry.
According to Yang, the size of the BeiDou industry is expected to reach one trillion yuan ($150.07 billion) around 2025, calculated by an average annual growth rate of 20 percent.
China aims to develop a widely ubiquitous, integrated and intelligent national comprehensive positioning, navigation and timing (PNT) system based on the BDS by 2035, to provide core support for the development of intelligent and unmanned systems.
By then, the BDS will better serve users from across the world and benefit all mankind by providing global users with full-coverage and highly reliable PNT service in environments such as indoors, outdoors, deep sea, and deep space.
Operating system used to remain a challenge for many industries.
For instance, financial institutions need their operating system to be extremely reliable as they have to deal with a huge user base and complicated business forms.
The power industry, which sees a broad geographical coverage of its businesses and high maintenance cost, must work to lower its cost and enhance safety while guaranteeing sound information construction and high-quality system operation and maintenance.
Now, the OpenEuler, an open source operating system launched by Chinese tech giant Huawei, is making the issue far less difficult.
Open source operating systems open and share their source codes, allowing anyone to carry out secondary development of the systems based on the industries in which the systems are applied.
Huawei introduced The OpenEuler in September 2021, and its code, trademark, community infrastructures and other assets were donated to the OpenAtom Foundation in November the same year.
This has transformed the OpenEuler from an open source project led by its founding company into one that’s co-constructed by the industry and shared by the community.
The rapid growth of the system is attributable to the continuous contribution made by the members in the OpenEuler community, who are growing ever more diversified. So far, the community has attracted nearly one million developers who established nearly 100 groups. The system has been downloaded more than 470,000 times and the community joined by more than 330 enterprises, including chip manufacturers, operating system developers, and application software suppliers. The OpenEuler community is becoming one the most dynamic communities in the industry.
“The operating system is being applied in more and more industries, and a large batch of outstanding open source software are merging,” said Ren Lin, a senior technical expert with the information technology center under China Mobile, one of the three major telecommunications carriers in China. He believes Huawei’s donation of the system to the Openatom Foundation will further stimulate the innovation in the application of the system.
So far, the OpenEuler has been applied by government departments, financial institutes and telecommunications carriers in a wide range of industries, such as energy, aerospace, logistics and education. Numerous operating system developers have started developing commercial versions of the system. China Mobile, together with its two major rivals in China – China Telecom and China Unicom, have all developed their own versions of the OpenEuler.
According to a report on the Chinese operating system market, the OpenEuler saw the largest market share expansion in the sectors of government and carrier affairs, and ranked first in terms of market growth in its application in the financial industry.
Over one million sets of the operating system have been applied for commercial use, and another two million are expected to be applied this year.
Besides, Huawei has launched a talent development acceleration plan under the guidance of relevant department of the Chinese Ministry of Education, with an aim to encourage more university students and teachers to join the operating system industry.
High school student Wu Qihan, a prize winner at the 2021 Kunpeng application innovation contest held by Huawei, told People’s Daily that the contest enhanced his understanding of operating system and improved his knowledge and technical capability.
Bai Zeping, a senior college student and a developer in the OpenEuler community, holds a similar view. He said the Chinese environment and equal communication in the OpenEuler community have brought developers closer to the community.
As the most basic and important software, operating system is the core and bedrock of a computer system. Whether an operating system has a large developer base and whether it is massively applied are of crucial importance to the system. As it is joined by more and more innovative developers, the OpenEuler will offer stronger support for China’s digital infrastructure construction in the future.
ISLAMABAD – Lahore city has been projected globally as Pakistan’s private real estate company has launched its campaign in London to showcase the rich heritage of Lahore on 150 of London’s iconic red buses to promote ‘LAHORE The Heart of Pakistan’.
Diyar Homes, the developers of the $30 Million luxury real estate development One Canal Road, Lahore, who recently announced their collaboration with leading Italian fashion house VERSACE Ceramics launched a mega campaign on 150 of London’s iconic red buses to promote ‘LAHORE The Heart of Pakistan’.
Director of Diyar Homes UK Shaan Abbas speaking to the media saidon the occasion that Lahore has undergone a $10 Billion urban transformation in recent years cementing its place as the cultural and economic heart of Pakistan.
“It’s the preferred investment destination of Pakistan and this is the message we wanted to give to the world from London, the global capital,” he concluded.