LAHORE - Lahore Central Business District Development Authority (LCBDDA) has announced auction of 5 commercials plots in the heart of Lahore. “Lahore Prime”, a project by Lahore Central Business District Development Authority (LCBDDA) also known as Central Business District Punjab (CBD Punjab), is contributing to the urbanization of Pakistan. LCBDDA has announced the auction of 5 commercial plots at Main Boulevard Gulberg, Kalma Chowk Ferozepur Road. The project is completely backed by the Punjab government and is a Mega High-rise development with favorable bylaws. Talking on the announcement CEO, LCBDDA, Imran Amin said “The launch of Lahore Prime is not only a symbol of our commitment to the vision of the government but an icon of change in the relevant field. Apart from creating jobs and business opportunities in the region, Lahore Prime will result in bringing foreign investment into the country. The financial impacts of Lahore Prime under CBD include approximately Rs. 250 billion in the form of taxes for the government in its 1st phase, whereas, the generation of more than 1,300 billion revenues are also adding the significance of the project.” The site spans across 105 hectares situated between Walton Train Station to the South and the Sports Park to the North. It is connected by Gulberg Boulevard Road on the North-west and Ferozepur Road to the South-West. The site is also adequately served by public transport, with the Lahore Metro with multiple stops across Ferozepur Road and Walton Train station at the Southern end which connects it to the countrywide rail network. The CBD in Lahore aims to play a vital role in economic growth with attracting people seeking business & job opportunities. LCBDDA through its “Smart City Mission” will identify initiatives which can be taken up for the benefit of residents spread across the CBD Punjab. LCBDDA supports ‘smart applications’ or ‘smart solutions’ in routines with services. The technology needs to be encouraged within CBDs for better systems and conducive environment for economic growth in Pakistan to attract more capital.