MIRPUR: The AJK government had principally decided to cancel the allotment of those industrial plots, located in various industrial estates, owners allottees had defied the prevalent rules and regulations by not setting up industrial units on the plots within the stipulated timeframe, official sources revealed.
The sources told APP here Monday that the decision to this effect was taken in a high level meeting of AJK Industries Department.
The department had so far cancelled the allotment of scores of such industrial plots including those belonging to the sick units which were not used for the required purpose by the allottees despite the expiry of the stipulated timeframe.
The meeting, the sources continued, had reviewed and discussed in length the overall performance of the AJK Industries department.
The meeting appreciated the performance of the Allotment Committee vis to vis its recent action about cancellation of the industrial plots of various closed industrial units as well as of those who failed to establish the units on the concerned allotted plots within stipulated period under the already determined rules and regulations.
The meeting also decided to make the allotment of all the cancelled plots in favour of fresh applicants seeking to establish industrial units under the spirit to encourage future investment in business sector and to open new avenues of employment opportunities for the job seekers in the forthcoming industrial concerns.
Meanwhile, the authorities have also directed the intending entrepreneurs including the upcoming allottees of the industrial plots to ensure the construction of the Industrial units within stipulated period from the date of allotment of the plots in line with the rules and regulations set by the authorities.
"The government is committed to extend all possible facilities to the existing and intending entrepreneurs and investors both hailing from home and abroad, for the speedy industrial and economical development of AJK," the sources concluded.
Copyright APP (Associated Press of Pakistan), 2011
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