Citi Pharma Launches Reit Management Company For Real Estate Growth

Citi Pharma Limited has officially received regulatory approval from the Securities and Exchange Commission of Pakistan (SECP) to establish a wholly owned subsidiary named 'CITI REIT Management Company Limited', marking a significant milestone in the company's strategic expansion into the real estate investment sector. This approval, announced on February 26, 2026, allows Citi Pharma to proceed with the formal incorporation and regulatory processes necessary to launch a Real Estate Investment Trust (REIT). The company plans to contribute land valued at approximately PKR 7 billion (around $25 million) to the REIT, which will be realized progressively as three major projects are initiated: developments at Hali Road Lahore, Khayaban-e-Zafar Lahore, and near Islamabad International Airport, with completion anticipated by the end of the first quarter of the fiscal year 2026-27.