LAND SCAM - Karachi Land worth Rs 800 crores sold for Rs 15 crores

|
|
Journalist and Geo Tv presenter Kamran Khan in his Tv program Aj Kamran Khan Kay Sath revealed that a plot of land measuring 75,000 square metres that makes up approximately 15 acres present in one of the most expensive areas of the city that was previously owned and leased to the Sindh provincial government for 30 years had recently ended. He said that the Government of Pakistan and the Sindh Provincial Government had decided to re-lease this plot of land and re-leased they did at the cost of peanuts.

He said that the 15 Acre piece of Land present opposite Civic centre in Gulshan-e-Iqbal town that is worth over Rs 8 Billion (800 Crores) according to the market value was leased and allotted to a private party for a measly sum of 150 Million (15 crores) for 99 years and along with it No-objection certificates were also issued by the Governments in this regard so the plot could be used for both residential or commercial purposes.

He said that according to the information provided, the board of Revenue and Land utilization department's corrupt mafias ignored all necessary Laws, Rules and Regulations and leased this plot of Land for a period of 99 years at the cost of just Rs 2,000 per square metre despite the fact that according the market valuation this piece of Land costs around Rs 150,000 per square meter and that the mafias working in the Board of Revenue and Land Utilization Department worked together in self-interests in order to aquire this piece of land worth Billions, for Peanuts.

He also revealed that those criminals who were behind the sale and purchase of this piece of land had already demarcated, built a wall barrier around it and were in the process of engaging the market looking for interested parties to sell to according to its market price of Rs 8 billion.

During the show Kamran Khan spoke to the Karachi City Nazim Syed Mustafa Kamal over the phone and referred to his letter to the Sindh Provincial Government where he asked the City District Government Karachi nazim Syed Mustafa Kamal whether he had offered upto Rs 100,000 per square metre to the Sindh Provincial Government for this land.