PIAF to stop KKIE’s conversion plan
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.