Gujranwala: Pace Barka Properties Limited, a subsidiary of Pace (Pakistan) Limited, has announced a significant collaboration with DHA Gujranwala by entering a Memorandum of Understanding (MOU) to develop and manage a mixed-use Commercial Hub. The MOU, dated December 2, 2025, marks a notable partnership between the companies, each holding a 50% stake in the venture.

The planned development will span an area of 161.8 Kanals, positioning Pace Barka Properties Limited as one of DHA Gujranwala's leading development partners. This new venture builds on the company’s history of delivering projects successfully in various cities across Pakistan, expanding its footprint into a prominent collaboration with DHA Gujranwala.

According to information available from the Pakistan Stock Exchange (PSX), the announcement is marked as material information, underlining its importance in the designated market category. This collaboration is expected to have a substantial impact on the region's commercial landscape, aligning with the company's strategic growth and expansion plans.