Textile, garment cities: Sindh cabinet approves land allotment
\nThe News – International, Pakistan<\/p>\n
<\/p>\n
By By our correspondent
\n10\/25\/2014
\nBriefing newsmen about decisions taken by Sindh Cabinet, Chief Minister Arbab Ghulam Rahim said on Wednesday that the cabinet has approved allotting 1250 acres and 300 acres of provincial land to Port Qasim Authority for the establishment of Textile and Garment cities, respectively, at a nominal rate of Rs one million per acre.<\/p>\n
\u00e2\u20ac\u0153The market price of the land is around Rs 2.5 million per acre but the provincial cabinet has approved the discounted rate to facilitate the projects. If the land will be used for other purposes then the deal would be cancelled,\u00e2\u20ac\u009d Arbab Ghulam Rahim told newsmen.<\/p>\n
He said the Sindh Cabinet has also approved leasing out a plot of Sports Complex located on M.A Jinnah Road to a private company for 30 years. \u00e2\u20ac\u0153Sixty per cent of this plot would be used for sports activities and the rest 40 per cent for commercial purpose,\u00e2\u20ac\u009d he said.<\/p>\n
The provincial cabinet also decided to sell out the land of defunct Sindh Road Transport Corporation (SRTC) in entire Sindh to district governments, he said, adding that a committee comprising provincial secretaries Law, Finance, Local Government and Transport departments would evaluate the prices of the property.<\/p>\n
The chief minister said that the money generated from the sale of SRTC land would be used for repaying World Bank loan and added that liquidation of Thatta and Dadu Sugar Mills was deferred for receiving lower than reserved prices.<\/p>\n
Similarly, the provincial cabinet decided to provide 100 acres of land to City District Government Karachi (CDGK) for establishing a desalination plant, for which investment has been pledged by a foreign firm, he added.<\/p>\n
He further said that enhancement of fine on the use of buildings declared as cultural heritage was, however, rejected by the provincial cabinet.<\/p>\n","protected":false},"excerpt":{"rendered":"
Textile, garment cities: Sindh cabinet approves land allotment The News – International, Pakistan By By our correspondent 10\/25\/2014 Briefing newsmen about decisions taken by Sindh Cabinet, Chief Minister Arbab Ghulam Rahim said on Wednesday that the cabinet has approved allotting 1250 acres and 300 acres of provincial land to Port Qasim Authority for the establishment […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"yoast_head":"\n