Lahore: The Punjab government has decided to cancel the allotment of plots for those who have occupied plots in the industrial estates since 1992 but have not established industrial units on them – a news source reported on December 27. This was stated by the Provincial Minister for Industry and Commerce Mian Aslam Iqbal on his visit to the small industrial estates in Gujranwala.
The minister visited all the four small industrial estate in the city and reviewed the development there. He further called on the people occupying land in the industrial estate since 1992 to immediately set up or risk having their plots cancelled.
It is believed that when the plots were allotted, the prices of land had been low in the area so people had bought these plots with a view to invest in the land itself and hadn’t established industrial units on it. Now, however, the government has established a policy that only allows for sale of an industrial unit but not the plot itself. The decision to cancel allotments have also been made with a view to boost industrial activity in the country.
