LAHORE:The Lahore Central Business District Development Authority (LCBDDA) also known as Central Business District Punjab (CBD Punjab) has been allocated Walton Airport land by the Punjab government on 99-year lease.
The government of Punjab has compensated 486 acres of state land to CAA. Walton Airport has already been decommissioned due to citizens’ safety hazard in the residential area of the City. The allocated land will be treated based on the available revenue record - 52 acres under the ownership of CAA and 70 acres with the government of Punjab. Revenue-sharing will be based on percentage as per ownership in net profit with the first three years as grace for the development of infrastructure. Shareholding of the government of Punjab will be 57.4pc in line with 70 acres of land while the CAA share will be 42.6 pc of the net profit.
Punjab Minister for Law and Communication and Works Punjab Malik Sohaib Ahmad Bharth seen in this image. —...
A representational image showing smoke emanating from a car. — Unsplash/FileLAHORE:Lahore Traffic Police have issued...
Chairman One Man Commission Dr Shoaib Siddal presides over a meeting at the ETPB head office. —...
Punjab Education Minister Rana Sikander Hayat addresses the distribution ceremony of the newly appointed and and...
Provincial Minister for Industry and Commerce Chaudhry Shafay Hussain speaks at an event on October 15, 2024. —...
This image shows the facade of the Institute of Education and Research at PU. — Facebook@ierpulahore/fileLAHORE:A...