AGL 23.47 Decreased By ▼ -0.93 (-3.81%)
AIRLINK 106.11 Decreased By ▼ -3.18 (-2.91%)
BOP 5.17 Decreased By ▼ -0.12 (-2.27%)
CNERGY 3.66 Decreased By ▼ -0.01 (-0.27%)
DCL 7.80 Decreased By ▼ -0.20 (-2.5%)
DFML 44.19 Decreased By ▼ -0.11 (-0.25%)
DGKC 88.50 Decreased By ▼ -0.30 (-0.34%)
FCCL 21.75 Decreased By ▼ -0.24 (-1.09%)
FFBL 42.52 Increased By ▲ 0.24 (0.57%)
FFL 8.75 Decreased By ▼ -0.15 (-1.69%)
HUBC 147.80 Decreased By ▼ -3.90 (-2.57%)
HUMNL 10.25 Decreased By ▼ -0.10 (-0.97%)
KEL 4.34 Decreased By ▼ -0.11 (-2.47%)
KOSM 3.79 Decreased By ▼ -0.16 (-4.05%)
MLCF 36.40 Decreased By ▼ -0.20 (-0.55%)
NBP 49.30 Increased By ▲ 0.14 (0.28%)
OGDC 130.85 Decreased By ▼ -0.85 (-0.65%)
PAEL 25.95 Decreased By ▼ -0.36 (-1.37%)
PIBTL 6.05 Decreased By ▼ -0.02 (-0.33%)
PPL 114.55 Decreased By ▼ -0.90 (-0.78%)
PRL 22.60 Decreased By ▼ -0.07 (-0.31%)
PTC 12.37 Decreased By ▼ -0.13 (-1.04%)
SEARL 55.70 Decreased By ▼ -0.49 (-0.87%)
TELE 7.25 Decreased By ▼ -0.15 (-2.03%)
TOMCL 36.40 Decreased By ▼ -1.29 (-3.42%)
TPLP 7.95 Decreased By ▼ -0.39 (-4.68%)
TREET 15.29 Decreased By ▼ -0.04 (-0.26%)
TRG 56.70 Decreased By ▼ -3.26 (-5.44%)
UNITY 31.85 Decreased By ▼ -0.49 (-1.52%)
WTL 1.17 Decreased By ▼ -0.01 (-0.85%)
BR100 8,295 Decreased By -111.5 (-1.33%)
BR30 26,102 Decreased By -351.9 (-1.33%)
KSE100 78,469 Decreased By -927.7 (-1.17%)
KSE30 25,198 Decreased By -319.9 (-1.25%)

LAHORE: Ravi Urban Development Authority (RUDA) CEO Imran Amin has welcomed the Supreme Court’s decision of suspending the Lahore High Court’s decision relating to the project. In a statement issued here on Monday, he said that the dream of the RUDA project will soon be realized. “The project will provide employment to millions of people while the new city buildings will be a masterpiece of architecture in the world,” he added.

According him, a bench of the apex court comprising Justice Ijaz-ul-Hassan and Justice Mazahir Akbar Ali Naqvi, on the petition of the Punjab government, suspended and reinstated the provisions of the Act. The RUDA Amendment Ordinance was revoked and quashed. Now recognizing its legitimacy following the Supreme Courts’ decision, the court directed RUDA to continue working on 95 percent of its acquired area.

Amin said that the government will set up a state-of-the-art facility in which a number of eco-friendly projects will be launched, including Knowledge City, Eco City, Education City, Sports City, Industrial City, Government City, Rakh Jhok Forest Project and large-scale farming will be done for the production of agricultural commodities.

Copyright Business Recorder, 2022

Comments

Comments are closed.