I. I. Chundrigar Road Explained

I. I. Chundrigar Road
Coordinates:24.8489°N 66.9985°W
Direction A:West
Terminus A:Merewether Tower
Direction B:East
Terminus B:Intersection of Ingle Road, Elander Road, and Dr. Ziauddin Road (Katchery Road)
Location:Karachi, Pakistan
Length Km:2.2
Former Names:McLeod Road
Namesake:Ibrahim Ismail Chundrigar, the sixth Prime Minister of Pakistan
Known For:being "Pakistan's Wall Street"

I. I. Chundrigar Road (Urdu: {{nq|آئی آئی چندریگر روڈ), previously known as McLeod Road, is a road located in central business district of Karachi, Pakistan, and is named after former Pakistani Prime Minister Ibrahim Ismail Chundrigar. The road serves as the spine of Pakistan's largest financial centre, and is frequently referred to as "Pakistan's Wall Street". It is oriented on an east-west basis and links Dr. Ziauddin Ahmed Road in the east to Merewether Tower in the west.[1] [2]

The Karachi Stock Exchange, now consolidated as part of the Pakistan Stock Exchange, is headquartered here along with the largest banks, namely Habib Bank, United Bank, National Bank, Standard Chartered's Pakistani subsidiary and the State Bank – the nation's central bank. It is also the headquarters of media companies Hum Network and Geo News.[3]

History

The road was originally named McLeod Road,[4] in honour of John McLeod, Deputy Collector of Customs in Karachi in the 1850s.[5] Another theory suggests it was named in honour of James John McLeod Innes, a recipient of the Victoria Cross, for his services to the Crown during the 1857 Mutiny.[6] Several cotton warehouses were established facing the railway line behind the street during a cotton boom in the region after the American Civil War, with their offices along the street itself. By the 1870s, a number of European banks and companies were established along the street. In the 1870s, a small railway station was built along the southern edge of the road, which was upgraded in the 1880s, and again in 1935 with the construction of the McLeod Station, now the Karachi City railway station.[7]

In 1963, the Habib Bank Plaza was built along the street, which remained the tallest building of Pakistan until 2005, when the MCB Tower, which was also built on the road, was completed.[1] On 9 November 1969, the street was renamed Ibrahim Ismail Chundrigar Road.[8]

Gallery

The following are heritage buildings along I.I. Chundrigar Road which are protected by the Government of Sindh.

See also

Notes and References

  1. News: Paracha . Nadeem F. . Nadeem F. Paracha . 26 September 2014 . Visual Karachi: From Paris of Asia, to City of Lights, to Hell on Earth . . 30 May 2022.
  2. News: 29 April 2017 . Fire on Karachi's I I Chundrigar Road reignites . . 30 May 2022.
  3. Web site: Khan . Zaheer Ahmed . 2006-10-07 . DAWN - Features; October 07, 2006 . 2023-01-04 . . en.
  4. Book: Haroon. Hameed. Karachi Under the Raj, 1843-1947: Visions of empire. Baig. Mariam Ali. 2004. Pakistan Herald Publications. 9789698837006. en.
  5. News: 5 February 2022 . Travelling back in time to visit Karachi of '60s and '70s . en . . 2022-05-30.
  6. Web site: Salman . Peerzada . 2012-12-08 . McLeod bahadur . 2022-05-30 . en . Dawn.
  7. Web site: 2010-05-09 . Keeping track of history . 2022-05-30 . . en.
  8. News: Salman . Peerzada . 2019-11-04 . This week 50 years ago: Decentralisation of municipal administration . en . . 2022-05-30.