Punjab govt to allot 1.5m acres land to Chinese companies
Stay tunned with 24 News HD Android App
The Punjab government has approved allotment of 1.5 million acres of government land to Chinese companies, under the umbrella of China Pakistan Economic Corridor (CPEC), reported 24NewsHD TV on Thursday.
A record of government lands in different districts of Punjab including Lahore has been prepared.
As per now, most of the government land will be leased to Chinese investors for 20 years in exchange for official rates. Therefore, the Standing Committee on Law has given its original approval. The Standing Committee on Law has been informed that the CPEC aims to increase revenue by utilizing government land.
Sources said that Punjab government is keen to give cultivated and uncultivated land to China for mutual research in which the Chinese investors will help improve government land and research centers.
This will also improve milk production, production of better agricultural commodities and irrigation system.
But on the other hand, the joint venture of China with these government lands for research work will have a profound effect on the livelihood of small farmers. Because with this plan, the leased lands will be taken back.
Reporter Ali Ramay