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Punjab government

Summary
Article Name
Punjab government asked to allocate it Walton Airport’s land on a 99-year-lease instead of 30 years:
Description
The authority had announced the auction for the lease of five commercial plots on Aug 4 in which some participants raised questions over the period of the lease, asking whether it was 30 years (extendable) lease as mentioned in the Aug 3 Board of Revenue (BoR) letter and 99 years as mentioned in the bidding documents. “The Aug 4 auction was delayed after some bidders from Karachi couldn’t participate due to the Covid-19 restrictions. We did this with the permission of the bidders available in the auction meeting,” a senior LCBDDA official told Dawn on Friday. “Some participants said the authority should have a clarity on the lease period. So it has written to the government to mention 99 years lease period instead of 30 years,” he explained. Through a letter on Aug 3, the government had allocated 122 acres land of Walton Airport to the LCBDDA for a period of 30 years (extendable).

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