Lahore’s Master Plan to Have Numerous Industrial Estate
Lahore: According to press reports, Lahore Development Authority (LDA) Vice-Chairman S M Imran stated during a speech at the Lahore Chamber of Commerce and Industry (LCCI) that additional industrial areas are being added to Lahore’s Master Plan to meet the city’s future industrial sector needs.
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Mr. Imran reportedly claimed that the new master plan would be completed in a year. Vice Chairman Imran added that as the plan will support the business community, any decision on the industrial units along the River Ravi front will be reached in consultation with stakeholders.
He added that the problem with the water tariff in Lahore would also be fixed soon. The problem with Holiday Park Industrial Estate, he added, will also be remedied soon.
Mian Tariq Misbah, president of the LCCI, who was present for the event, expressed the appreciation of the business community for Prime Minister Imran Khan’s vision for the Ravi Riverfront Development Project, noting that it will accelerate the growth of the housing, construction, and many related sectors.
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He also emphasized the lack of available land in Lahore for the construction of an industrial estate, given that both Quaid-e-Azam and Sundar had achieved capacity.
This, he claimed, was also a result of the high rate of land use conversion fees levied by the LDA (20 percent of the value according to DC rate).
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