Shaariq.com has announced the signing of an exclusive MoU with Pakistan-headquartered JK&S Developers. The agreement will see Shaariq.com facilitate sales in JK&S Developers’ highly anticipated project D.I. Khan New City. Shaariq.com will leverage its enterprise blockchain capabilities to ensure secure, transparent, and seamless transactions.
Dubbed the “Crown of Pakistan”, the D.I. Khan New City is a hybrid development in Saiduwali, Paharpur, an area with close proximity to Punjab, Khyber Pakhtunkhwa, Islamabad, and Balochistan. The development, which spans an expansive area of 4.1 million sq. m, is valued at a whopping $233 million U.S., making it one of the most ambitious projects of its kind in Pakistan.
“Shaariq.com ventured into Pakistan with a grand vision: Enhancing transactional efficiency and reducing the trust deficit by leveraging cutting-edge technologies such as blockchain. D.I. Khan New City is the ideal avenue to turn that vision into reality. We are determined to make this project an archetype of Pakistan’s real estate excellence while reinforcing our competitive edge in tech-enabled services,” opined Rajab Ali Virani, CEO of Vision Tech.
The involvement of Shaariq.com will see D.I. Khan New City become an early mover in adopting blockchain at an enterprise level. Shaariq.com will create a digital twin of the project in the metaverse to enable efficient urban planning and optimise the delivery of public services such as healthcare and groceries. NFT-linked transactions on the blockchain will bring greater security, transferability, and future readiness. D.I. Khan New City will also characterise AR-VR and AI applications on multiple fronts.
“The Saif Group has nearly a hundred years of multi-industrial pedigree in Pakistan. At every juncture, we have exemplified the latest innovations of the time. D.I. Khan New City is a totem of our future-proof strategy and a legacy of our people-centric worldview. The MoU with Shaariq.com complements both these priorities,” said Jehangir Saifullah Khan, Chairman, JK&S Developers.
