PM reveals 'startling' data of official residences, rest houses built on huge dead capital
Prime Minister regretted that the country was paying huge interest on borrowed loans.
ISLAMABAD (APP):Prime Minister Imran Khan on Monday revealed that 51,494 kanals of the state-owned land in Punjab, Khyber Pukhtunkhwa and federal areas was in occupation by official residences and rest houses, with urban holdings alone valuing at Rs 300 billion.
The Prime Minister in a series of tweets said he had received 90 percent of the statistical data of the state-owned land and the figures were just “startling”.
I have just got figures of 90% of state-owned land in KP, Punjab & federal areas & rest houses/official residences built on this land. The figures are startling: 34,459 kanals are rural & 17,035 kanals are urban.Just the urban land with buildings is worth over Rs.300 billion!
— Imran Khan (@ImranKhanPTI) September 10, 2018
“The figures are startling: 34,459 kanals are rural and 17,035 kanals are urban. Just the urban land with buildings is worth over Rs.300 billion,” the Prime Minister said in his tweet.
Prime Minister regretted that the country was paying huge interest on borrowed loans while sitting on a big dead capital.
“So a country that has to borrow money to pay interest on its loans is sitting on huge amounts of dead capital,” he said.
So a country that has to borrow money to pay interest on its loans (burdening our future generations) - & daily interest payment is Rs 5 b - is sitting on huge amounts of dead capital (just 90% of urban holdings is worth Rs 300b) in the form of this govt-owned land with buildings https://t.co/Mj3Nvnt7xE
— Imran Khan (@ImranKhanPTI) September 10, 2018
Imran Khan said Pakistan was paying Rs 5 billion daily interest while burdening its future generations, whereas the 90 percent of its state-owned urban land was worth Rs 300 billion.
