Lahore: The Board of Revenue (BoR) Punjab has decided to lease out the government-owned lands through an open auction to boost revenue stream, news sources reported. The specified properties have been allotted by various local bodies and departments for the construction of shops and commercial plazas.
To this effect, the provincial divisional commissioners and district collectors have been instructed to produce reports on the subject. The land will be utilised to build commercial shops and will be leased to the public for four years through an open auction. At the end of the specified period, the stores will be auctioned off again for a period determined by the land revenue authority at the time of auction.
According to reports, the decision was made to boost state revenue, employ property for economic uses, and prohibit encroachment on idle public land. The auction announcement has come after the department’s last effort on September 30, 2019. However, the notification sent at the time did not include a lease duration, which caused a misunderstanding. The notice was later cancelled.
Hazafa reveres the art of writing and has been turned into a property enthusiast by profession. Her daily survival kit includes; tea, coffee, keyboard and paperbacks.
