The Federal Investigation Agency (FIA) is preparing to convert Karachi’s historic Cotton Exchange building into its new city headquarters after the relocation of the Karachi Cotton Association (KCA) from the property. Read More: FIA set to fast-track money laundering probes Located on I.I. Chundrigar Road, the Karachi Cotton Exchange building is one of the city’s prominent […]
Karachi Cotton Exchange
KMC moves SHC against sealing of Karachi Cotton Exchange building
KARACHI: The Karachi Metropolitan Corporation (KMC) on Tuesday filed petitions in the Sindh High Court (SHC) challenging the sealing of the historic Karachi Cotton Exchange building and the forcible eviction of its tenants. KMC contended that the sealing order, jointly issued by the Federal Investigation Agency (FIA) and Evacuee Trust Property Board (ETPB), was issued […]
KMC terms sealing of Karachi Cotton Exchange unlawful
The Karachi Metropolitan Corporation (KMC) has declared the sealing of the Karachi Cotton Exchange building by the Federal Investigation Agency (FIA) and the Evacuee Trust Property Board (ETPB) as unlawful, asserting that the property is municipal land owned by the city government. Mayor Barrister Murtaza Wahab made the declaration amid an ongoing dispute over the […]