Cabinet to maximize revenue through open auction of state land

Lahore: Provincial Minister for Law, Raja Basharat chaired a meeting of the Cabinet Committee on Legislative Business at the Civil Secretariat on Tuesday. He pressed for devising an open policy to lease out state land for maximizing revenue in future.

invest with imarat

Islamabad’s emerging city centre

Learn More

In the meeting, proposed amendments to the Punjab Lease Policy for state lands were reviewed. It was unanimously agreed upon that that in future all leases and sale of state land will be made through open auction. Steps would be taken to enhance the existing rent of leased out state lands on par with market rates.

Raja Basharat has directed departments to scrutinize the status of organizations occupying state land on lease since years. He ordered the officers to stop any kind of privatization of state lands until the Punjab Privatization Board was revived.

For news and updates keep on visiting Graana blog

Maham Tahir

Recent Posts

A Guide to Quetta Town in Karachi

Quetta Town is a residential neighbourhood located in the vibrant city of Karachi, Pakistan. Known…

12 hours ago

Akbar Chowk Lahore: A Focal Point of Connectivity

Akbar Chowk in Lahore stands as one of the city’s most critical intersections, serving as…

1 day ago

A Guide to Khuda Baksh Colony Lahore

Khuda Baksh Colony, located near Bhatta Chowk in Lahore, is a rapidly developing residential area…

2 days ago

Gol Market Karachi: A Vibrant Commercial Hub

Gol Market in Karachi is one of the city's most iconic and bustling commercial centres.…

2 weeks ago

Model Town Gujranwala: A Well Planned Residential Area

Model Town, located in the heart of Gujranwala, is one of the city’s most prestigious…

2 weeks ago

Senate Greenlights Special Courts for Swift Resolution of Overseas Pakistanis’ Property Cases

ISLAMABAD, Pakistan— In a major move to address the longstanding grievances of overseas Pakistanis, the…

2 weeks ago