PIAF to stop KKIE’s con­ver­sion plan

Pakistan Observer - - ECONOMY WATCH -

SALIM AHMED LA­HORE—Pak­istan In­dus­trial & Traders As­so­ci­a­tions Front has urged the La­hore Devel­op­ment Author­ity (LDA) to shelve the plan of sac­ri­fic­ing the Kahna Kacha In­dus­trial Es­tate (KKIE) for the sake of res­i­den­tial scheme as this ini­tia­tive would re­sult in dire con­se­quences. The pri­or­ity to res­i­den­tial colonies over in­dus­trial ar­eas was a mat­ter of con­cern for the busi­ness com­mu­nity. PIAF Chair­man Ir­fan Iqbal Sheikh, se­nior vice chair­man Tan­veer Ahmed Sufi, vice chair­man Khawaja Shahzeb Akram made an ap­peal to the Chief Min­is­ter Pun­jab to in­ter­vene in this mat­ter and re­solve it.

PIAF Chair­man Ir­fan Iqbal said that not only the in­dus­try but the gov­ern­ment would also be the looser as the clo­sure of hun­dreds of in­dus­trial units would cause huge loss to the na­tional ex­che­quer in terms of taxes and util­ity bills. Ir­fan said the Pun­jab gov­ern­ment should be well aware of the fact that res­i­den­tial colonies can­not be im­por­tant than in­dus­trial clus­ters. He said that it is the worst mis­use of Land Ac­qui­si­tion Act 1894 which is now eat­ing up Kahna Kacha In­dus­trial Es­tate, where over hun­dred in­dus­trial units are not only pro­vid­ing em­ploy­ment to thou­sands of work­ers but also bring­ing in pre­cious for­eign ex­change.

He fur­ther said that in­dus­trial es­tates and free zones al­ways at­tracted lo­cal and for­eign in­vest­ment and contributed to the eco­nomic devel­op­ment of any coun­try. These make a vi­tal con­tri­bu­tion to the na­tional ex­ports be­sides gen­er­at­ing huge em­ploy­ment op­por­tu­ni­ties, he said, and added that Pak­istan has al­ready lost a num­ber of in­ter­na­tional mar­kets while the con­di­tion of both lo­cal and for­eign in­vest­ment is also pre­car­i­ous. In the present sce­nario when the coun­try is strug­gling to en­hance ex­ports, col­lapse of Kahna Kacha In­dus­trial Es­tate would fur­ther ag­gra­vate the sit­u­a­tion. The par­tic­i­pants of the meet­ing strongly op­posed con­ver­sion of Kahna Kacha’s in­dus­trial area into a res­i­den­tial so­ci­ety, and ar­gued that it would de­prive mil­lions of peo­ple of their jobs.

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