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Pakistan Property News: Islamabad Silver City project inaugurated

October 25th, 2010 Comments off

Pakistan Property News: Islamabad Silver City project inaugurated

CDA seeks private partnership to run affairs

Capital Development Authority Chairman Imtiaz Inayat Elahi on Friday inaugurated Silver City’, a commercial project in G-11 Markaz.

Speaking on the occasion, he said that by levying or increasing tax, organizations cannot be run, thus CDA in future has planned to launch development projects in collaboration with private sector to increase its revenues.

He said CDA would not follow a policy of selling plots to run its affairs and emphasized that private sector should come forward for the progress and development of the federal capital.

He said that investors should invest in different development projects for which purpose the CDA has announced a big commercial project at Park Road on profit-and-loss basis.

He said that Silver City will prove an excellent commercial project and announced that in sector G-11 Markaz, along with construction of a mosque, a water filtration plan will also be constructed.

He also announced that in the Markaz, development work will be put on fast track to provide better facilities to the people of that area.

He said that presence of a large number of people at the inaugural of the Silver City project signifies their great interest in it.

Silver City Chief Executive Mian Aslam Farid said that renowned developers are the part of this project and it would prove a transparent and unique project for the citizens of the federal capital.

FPCCI Chief Mahfooz Elahi, Islamabad Chamber of Commerce & Industry President Ch Asghar, Sardar Tanveer and others also made speeches.

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Pakistan Property News: Conversion of Governor House into housing colony

October 23rd, 2010 Comments off

Pakistan Property News: Conversion of Governor House into housing colony
LAHORE (October 23, 2010) : The Lahore High Court (LHC) here on Friday hearing a petition seeking conversion of the Governor House into a housing colony directed the petitioner to submit his reply till November 08, against the presidential order converting it into residence of the Punjab Governor. The petitioner Iqbal Jafree also prayed to the court to direct the respondent to make the Governor House an architectural wonder of the world.

On Friday, Deputy Attorney General Naveed Inayat Malik told the court that in 1975 then president of Pakistan using his powers under the constitution had made the Governor House a personal residence for governor of the province and accordingly it is being used for the purpose.

The deputy attorney also objected to the petition saying the case was not maintainable, as the petitioner had no locus standi in the matter. He said the petitioner had no right to ask for conversion of the Governor’s House into a colony. The petitioner argued before the court that provision of food, health, residential, educational facilities is the prime responsibility of the government as such, the revenue so collected from the plots in the Governor House would aptly serve this purpose.

Petitioner counsel said that like other democratic and civilised states, the Governor might be given an ordinary residence to live in. We are a poor economic state and such a luxurious and outstanding life style hardly matches with the ground realities of poverty in the country, the petitioner said.

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Pakistan Property News: Punjab government to set up industrial estates in Rahim Yar

October 23rd, 2010 Comments off

Pakistan Property News: Punjab government to set up industrial estates in Rahim Yar
LAHORE (October 23, 2010) : The Punjab government intends to set up industrial estates in Rahim Yar Khan and on Lahore Kasur Road and in this connection Punjab Chief Minister Muhammad Shahbaz Sharif has asked the concerned department to identify lands. “Maximum sites should be identified to set up industrial estates in the province,” he said while addressing a board meeting of Punjab Industrial Estates Development and Management Company (PIEDMC) here on Friday, disclosed an official.

According to an official, establishment of industrial estate in Rahim Yar Khan will produce far-reaching results as the district has airport facility near Bahawalpur and Cholistan. A modern slaughterhouse can be set up there too. Meat and other dairy products could be exported to Gulf states. The government is taking effective measures for improving livestock sector and five dairy farms have been set up in Cholistan. In view of limited financial resources, land should be searched for setting up industrial estate in Rahim Yar Khan and Member Board of Revenue should visit the district for this purpose.

He also said Lahore Kasur Road has been completed and sites should be identified on either side of the road for setting up industrial estates. “Private sector will be encouraged for the promotion of industries. Sundar Industrial Estate should be a role model for other industrial estates and offices of concerned departments should be established there for the provision of all necessary facilities through one window operation,” he added.

He said that promotion of industries was one of the top priorities of the government and solid steps were being taken for this purpose. Promotion of industrial sector would generate employment opportunities and strengthen economy. Punjab Industrial Estates has taken effective measures for the promotion of industries and services of its chairman and chief executive officer are commendable in this regard. There is need for marching forward speedily for the promotion of industries in the province and he wants better results in the next board meeting of PIEDMC. TEVTA should take prompt steps for setting up vocational institutes in Sundar Industrial Estate to produce skilled workforce to meet industrial needs. Pakistan is facing shortage of energy, which is vital for industrial sector. Attention should be paid to generate electricity from alternative sources and proposals should be formulated in this regard.

“Private sector should be encouraged to invest in energy sector. Establishment of maximum industrial estates for the promotion of industrial sector is the need of the hour and PIE should complete the process of identification of sites and present a report and in the light of the report a plan will be evolved to set up new industrial estates,” he added.

He was of the view that Punjab Small Industries Corporation (PSIC) is a dead horse and a plan should be evolved to make it a vibrant institution. He said that he had directed Secretary Industries to visit Sundar Industrial Estate twice a month until it is completed and take steps for its early completion and provision of facilities in consultation with concerned officials. He also directed that the issue of Capital Value Tax on plots of Sundar Industrial Estate be resolved immediately.

Earlier, PIE Chairman S M Tanvir and CEO Major General Tariq Javed (Retd) gave a briefing. They said a branch of Bank of Punjab has been set up in Sundar Industrial Estate and austerity has been adopted. They also said PIE head office has also been transferred to Sundar Industrial Estate and a site has been allocated for TEVTA vocational institute. “Repossessed plots have been sold in a transparent manner,” he added.

They also informed the meeting about establishment of different industrial estates in the province. Earlier, the Chief Minister inaugurated new building of Punjab Industrial Estate. MPA Arifa Khalid, Chairman Punjab Industrial Estates (PIE) S M Tanvir, Chairman Department for Special Initiatives, Haroon Khawaja, Secretary Industries, Member Board of Revenue, Chairman TEVTA, concerned officers and board members were also present on the occasion.

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