BR100 Increased By (0.11%)
BR30 Decreased By (-0.26%)
KSE100 Increased By (0.12%)
KSE30 Increased By (0.09%)
AGHA 7.79 Increased By ▲ 0.04 (0.52%)
BECO 5.23 Increased By ▲ 0.04 (0.77%)
BML 57.26 Decreased By ▼ -1.40 (-2.39%)
BOP 34.10 Increased By ▲ 0.41 (1.22%)
CNERGY 9.92 Decreased By ▼ -0.69 (-6.5%)
CSIL 5.35 Increased By ▲ 0.05 (0.94%)
FCCL 54.61 Increased By ▲ 0.87 (1.62%)
FFL 16.70 Increased By ▲ 0.24 (1.46%)
FNEL 1.24 Increased By ▲ 0.02 (1.64%)
KEL 7.42 Increased By ▲ 0.14 (1.92%)
KOSM 5.75 Increased By ▲ 0.11 (1.95%)
LOTCHEM 29.35 Decreased By ▼ -0.30 (-1.01%)
MLCF 94.35 Decreased By ▼ -2.01 (-2.09%)
NBP 202.70 Decreased By ▼ -0.83 (-0.41%)
NCPL 57.00 Increased By ▲ 0.15 (0.26%)
NPL 67.78 Increased By ▲ 0.47 (0.7%)
OGDC 316.40 Decreased By ▼ -1.82 (-0.57%)
PACE 10.64 Increased By ▲ 0.01 (0.09%)
PAEL 43.15 Increased By ▲ 1.38 (3.3%)
PIBTL 16.72 Decreased By ▼ -0.09 (-0.54%)
PPL 220.50 Increased By ▲ 0.33 (0.15%)
PRL 49.05 No Change ▼ 0.00 (0%)
PTC 70.98 Increased By ▲ 0.97 (1.39%)
SSGC 28.17 Decreased By ▼ -0.97 (-3.33%)
TBL 9.90 Increased By ▲ 0.13 (1.33%)
TELE 8.80 Decreased By ▼ -0.02 (-0.23%)
TPL 18.14 Increased By ▲ 0.97 (5.65%)
TPLP 13.40 Increased By ▲ 0.89 (7.11%)
TREET 22.75 Increased By ▲ 0.16 (0.71%)
TRG 60.30 Increased By ▲ 0.08 (0.13%)

KARACHI: Administrator Karachi Laeeq Ahmed on Friday said that the records of all markets and shops of Karachi Metropolitan Corporation (KMC) under the State Department have been made computerised to make all matters transparent and to ensure that no alteration can be made in the property records.

“Suggestions are being considered to redesign and restructure the existing KMC markets at prime location for better utilisation. Attempts are already being made to provide alternative places to the owners of shops, to be demolished on the orders of the Supreme Court,” the Administrator said this while presiding over a meeting on the State Department.

Senior Director Coordination Khalid Khan, Senior Director Estate Imtiaz Abro, Director Land Tariq Siddiqui and other officials of the State Department were also present on the occasion.

The Administrator said that according to records KMC currently has a total of 53 active markets with 6995 shops, besides 1279 shops in the 8 markets to be demolished on the orders of the Supreme Court. A total 2560 shops in 12 markets of KMC were demolished in different areas of the city including Lunda Bazaar, Garden Market located at Light House and shopkeepers have been provided alternative places.

In total, KMC had 10,834 shops in 73 markets. So far during the financial year 2020-21, KMC shops have collected 68.43 million rupees in revenue. He said that after the demolition of 12 markets, the revenue of KMC has come down significantly.

Ahmed said that the decision of the Supreme Court was in the public interest and for the betterment of the city and it was implemented in the wider interest of the city.

He said that the markets of KMC which are in dilapidated condition will be better utilised as model projects in Clayton Market, Gurmunder, Machhi Miani Market, Kharadar, Triangle Plot, Nishtar Road, Civil Lines. Suggestions are being considered to make the furniture market and Nazimabad No 5 market a model market.

The Administrator said that in addition to rebuilding and redesigning the existing markets, more new markets would be set up in the city to facilitate the citizens and increase the revenue of KMC. “In this regard, steps will be taken to establish more markets keeping in view the needs of the area, the location of available land and other aspects,” he added.

He said that for KMC markets are important source of revenue, adding that financial stability was needed for strengthening any organisation so every effort is being made to increase the KMC’s revenue.

Ahmed directed that the computerised department set up for all the properties of KMC under the State Department should be kept updated and functional so that all the details could come to light at any time.

Copyright Business Recorder, 2021

Comments

Comments are closed for this article.