ISE Tower explained

ISE Tower
Completion Date:2009
Building Type:Office
Location:Islamabad-44000, Pakistan
Coordinates:33.7119°N 73.0578°W
Roof:76m (249feet)
Floor Count:19

The ISE Tower is a high-rise building located at 55, Jinnah Avenue of the Blue Area business district of Islamabad.[1] The building was originally designed to serve as a stock exchange building. However, following the merger of the Islamabad Stock Exchange in 2016, the tower has been repurposed as an office building.[2]

History

Constructed at a cost of Rs 2.5 billion, the ISE management independently generated the necessary capital for the project, which was completed in under four years.[3] It was inaugurated in 2009 by then-Prime Minister of Pakistan, Yusuf Raza Gilani.[4]

Building

The building features three basements, each spanning 50,000 square feet, designated for employee parking.[3] Despite the expectation of hundreds of daily visitors upon full occupancy, the planners did not allocate sufficient space for visitor parking.[3] The main features of the 22-storey building include a bronze bull statue and the largest electronic screen in Pakistan, measuring 15 feet high and 10 feet wide.[3]

Unlike other stock markets, the ISE Tower does not include a trading hall, as stock market trading is no longer centralized.[3] To meet the high demand for telephone lines and internet connections, the PTCL has established a hub of 5,000 lines.[3] The entire building is connected via optic fiber, with no copper wire internet connections, resulting in an additional cost of Rs 250 million.[3] The state-of-the-art firefighting system installed in the building cost up to Rs300 million.[3]

Companies headquarters

See also

External links

Notes and References

  1. Web site: The Islamabad Stock Exchange Towers, one of the highrises, inaugurated as Tobacco-Smoke Free Facility – TCC.
  2. https://www.pakistantoday.com.pk/2016/02/17/post-merger-ise-becomes-ise-towers-reit-company/
  3. Web site: Bull in a bear market. 30 July 2009. DAWN.COM.
  4. Web site: Delay in India talks to help terrorists: PM. A.. Reporter. 1 August 2009. DAWN.COM.
  5. Web site: Official Website of Pakistan Petroleum Exploration and Production. www.ppepca.com.
  6. http://www.nec.com/en/global/office/pakistan.html NEC Worldwide (Pakistan) company located at Islamabad Stock Exchange Towers
  7. https://www.airblue.com/corp/about Airblue Airlines located at Islamabad Stock Exchange Towers
  8. "Pakistan Petroleum Exploration & Production Companies Association "OMV (Pakistan) Exploration GmbH, Islamabad Stock Exchange Towers, 55-B, Jinnah Avenue, Blue Area, Islamabad.", Retrieved 4 January 2018