Faisal Vawda, Chairman of the Senate committee, disclosed in a session that the land of around 40 billion rupees valued at the government price, was sold at the throwaway rate of five billion rupees.
Senator Vawda informed that the market value of the 500 acres of land at Karachi’s Port Qasim has been around Rs 60 billion.
He said the per acre rate of the land has been Rs 40 million, while the market rate of per acre has 70 to 80 million rupees. “The land has been sold at Rs one million per acre,” he disclosed.
“Another piece of 200 acres of land, has also been sold in this manner,” Senator Vawda said.
He demanded cancellation of the Port Qasim’s land allotment deals. “It has been a mega scandal. We have received all records and will take action over the matter,” he added.
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