[2][3] Pace Pakistan was founded in 1992 by Salman Taseer as part of First Capital Group.

Alam Road, Lahore and the company was listed on the Karachi Stock Exchange.

The rest shares are held by Pace Barka properties limited, one of the associated companies.

Pace Supermall involved in acquiring by purchase or otherwise land and plots and to sell or construct.

The Mall Cathces had burned down several times over the past ten years.