Naya Nazimabad

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Javedan Corporation

Formerly	Valika Cement Limited
Company type	Public
Traded as	PSX: JVDC
Industry	Cement Real estate
Founded	1961; 63 years ago (1961)
Headquarters	Karachi , Pakistan
Area served	Karachi
Key people	Samad A. Habib (CEO) Arif Habib (chairperson)
Revenue	Rs. 11.187 billion (US$39 million) (2023)
Net income	Rs. 8.007 billion (US$28 million) (2023)
Total assets	Rs. 43.711 billion (US$150 million) (2023)
Total equity	Rs. 25.978 billion (US$90 million) (2023)
Owner	Arif Habib Equity (28.68%) Abdul Ghani (11.87%) Arif Habib (10.04%)
Number of employees	234 (2023)
Subsidiaries	NN Maintenance Company Sapphire Bay Development Company
Website	jcl.com.pk
Footnotes / references Financials as of 30 June 2023[update] [1]

Javedan Corporation Limited, doing business as Naya Nazimabad (Urdu: نیا ناظم آباد), is a housing project that is being developed, built around the Manghopir Lake.^[2]

A couple years back, the heavy rain in Karachi caused some blocks of the housing project to be flooded because of inadequate sewage and water disposal lines, however the management has now taken adequate measures to prevent a similar situation in the future. Residents of some blocks claimed that they had difficulties once the flooding began that remained for over a week. However, allegedly some media houses blew the actual problem out of proportion.^[3]