Sharea Faisal police station officer-in-charge Anser Ahmed Butt told Dawn that Imtiaz Ahmed, 54, had stepped out of his home in Block 13 to buy bread when unidentified motorcycle-borne assailants opened fire on him before fleeing the scene.
Butt said four bullets were fired during the attack, three of which struck a nearby parked car, while one hit Ahmed, proving fatal.
The victim was rushed to a nearby hospital, where doctors declared him dead.
His body was subsequently shifted to the Jinnah Postgraduate Medical Centre (JPMC) for a post-mortem examination.
The motive behind the shooting remains unclear.
Police said the deceased's brother had been informed about the incident.