In 2005, Pace expanded their operations and Pace Model Town Link Road was inaugurated.[3] Two years later, another shopping mall was opened on M.M. Alam Road, Lahore.[3]
Pace Woodlands Pvt. Limited, Pace Supermall Pvt. Limited and Pace shopping malls (Lahore, Gujranwala and Gujrat) are Pace's subsidiaries and associated companies. Pace Woodlands Housing Scheme, Bedian Road, Lahore, Pace Circle, Peacock Valley Hotel and Resort and Pace Tower, T-27 are also projects of pace Pakistan. Pace Woodlands is a private limited company and a subsidiary of Pace with 52% shareholding. The rest shares are held by Pace Barka properties limited, one of the associated companies. Pace Supermall is another private limited company, and a subsidiary of Pace with its 69% shareholding. Pace Supermall involved in acquiring by purchase or otherwise land and plots and to sell or construct.
The Mall Cathces had burned down several times over the past ten years. Finally, on March 14, 2022, it erupted in flames and turned to ashes once more.[4] According to the authorities, this time the fire was caused by management negligence and a lack of fire safety systems.
From 14 March 2022 the mall is closed and declared not safe.
Referencesedit
^Yasir Habib (15 March 2011). "Pace Shopping Mall oozes with building bylaws violations". Pakistan Today (newspaper). Retrieved 4 February 2018.
^Shahram Haq (19 May 2013). "In Punjab, new shopping malls influence business trends". The Express Tribune (newspaper). Retrieved 4 February 2018.
^ abcd"Mall operator Pace, once a market leader, struggling to survive". Profit by Pakistan Today. 17 October 2020.
^Lahore: Pace Plaza Catches Fire - BBC URDU, retrieved 20 February 2023
This article about Lahore is a stub. You can help Wikipedia by expanding it.
pace, pakistan, urdu, پیس, خریداری, مرکز, pace, khareedari, markaz, pakistani, shopping, malls, operator, based, lahore, punjab, pakistan, native, nameپیس, خریداری, مرکزcompany, typepublictraded, aspsx, pacefounded1992foundersalman, taseerheadquarterslahore, p. Pace Pakistan Urdu پیس خریداری مرکز Pace Khareedari Markaz is a Pakistani shopping malls operator based in Lahore Punjab Pakistan 1 2 Pace PakistanNative nameپیس خریداری مرکزCompany typePublicTraded asPSX PACEFounded1992FounderSalman TaseerHeadquartersLahore Punjab PakistanShopping mall detailsDeveloperFirst Capital GroupPace Pakistan LimitedOwnerAamna TaseerWebsitewww wbr pacepakistan wbr comHistory editPace Pakistan was founded in 1992 by Salman Taseer as part of First Capital Group 3 In 1995 Pace opened their first shopping mall in Gulberg Lahore 3 In 2005 Pace expanded their operations and Pace Model Town Link Road was inaugurated 3 Two years later another shopping mall was opened on M M Alam Road Lahore 3 Pace Woodlands Pvt Limited Pace Supermall Pvt Limited and Pace shopping malls Lahore Gujranwala and Gujrat are Pace s subsidiaries and associated companies Pace Woodlands Housing Scheme Bedian Road Lahore Pace Circle Peacock Valley Hotel and Resort and Pace Tower T 27 are also projects of pace Pakistan Pace Woodlands is a private limited company and a subsidiary of Pace with 52 shareholding The rest shares are held by Pace Barka properties limited one of the associated companies Pace Supermall is another private limited company and a subsidiary of Pace with its 69 shareholding Pace Supermall involved in acquiring by purchase or otherwise land and plots and to sell or construct The Mall Cathces had burned down several times over the past ten years Finally on March 14 2022 it erupted in flames and turned to ashes once more 4 According to the authorities this time the fire was caused by management negligence and a lack of fire safety systems From 14 March 2022 the mall is closed and declared not safe References edit Yasir Habib 15 March 2011 Pace Shopping Mall oozes with building bylaws violations Pakistan Today newspaper Retrieved 4 February 2018 Shahram Haq 19 May 2013 In Punjab new shopping malls influence business trends The Express Tribune newspaper Retrieved 4 February 2018 a b c d Mall operator Pace once a market leader struggling to survive Profit by Pakistan Today 17 October 2020 Lahore Pace Plaza Catches Fire BBC URDU retrieved 20 February 2023 nbsp This article about Lahore is a stub You can help Wikipedia by expanding it vte nbsp This article about a Pakistani building or structure is a stub You can help Wikipedia by expanding it vte Retrieved from https en wikipedia org w index php title Pace Pakistan amp oldid 1218077524, wikipedia, wiki, book, books, library,
