KMC Challenges Sealing of Cotton Exchange Building in Sindh High Court KARACHI: The Karachi Metropolitan Corporation (KMC) has lodged a formal challenge in the Sindh High Court (SHC) against the recent sealing of the Karachi Cotton Exchange building and the subsequent eviction of its occupants. The KMC argues that the operation was carried out without … Read more
Karachi Cotton Association Withdraws Building Plea The Karachi Cotton Association has formally withdrawn a petition in the Sindh High Court challenging the evacuation of its building on I.I. Chundrigar Road. This decision follows a period of significant uncertainty that affected the national cotton and textile sector. On December 12, the association issued a press release … Read more
The Karachi Cotton Exchange Building, located on I.I. Chundrigar Road, has been “recovered” and “vacated” in a joint operation by the Federal Investigation Agency (FIA) and the Evacuee Trust Property Board (ETPB). Declaring it a federal trust property, the agencies confirmed the building’s title is vested in the federal government as per gazette notification. The … Read more