Fresh campaign retrieves 172.35 acres of railways land ISLAMABAD (APP): Pakistan Railways (PR), as a result of fresh anti-encroachment campaign started in June this year, has so far retrieved 172.35 acres of its precious land. The department, in its earlier anti-encroachment campaign last year also retrieved 2537.166 acres out of total 5662.667 acres encroached land and now efforts are underway to get the remaining encroached land vacated. According to Pakistan Railways here on Tuesday, sale of railway land is completely banned whereas leasing of railway land has been temporarily banned in order to frame new lease policy. In future, commercialization of railway land would be on lease, rent or joint venture basis. Pakistan Railways is also considering the appointment of Real Estate consultants through open advertisement, however, proposals in this regard from the parliament will be welcomed. Around 6716 acres railway land has been leased out for short term and 21.68 acres for long term during last four years. Pakistan Railway owns 1,67,690 acres of land over the country out of which 2953.151 acres is under encroachment at present.
Posted on: Wed, 18 Sep 2013 19:02:43 +0000
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