S M Imran, Vice-Chairman of the Lahore Development Authority (LDA), has stated that the new Lahore Master Plan will address the industrial future needs and they would finalize the Lahore master plan in conjunction with the LCCI.
He was addressing at the Lahore Chamber of Commerce and Industry’s stakeholder gathering LCCI. He claimed that in the past, all master plans were created without taking into account the reality on the ground or proper consultation with stakeholders. The new Lahore Master Plan is being developed in conjunction with a wide range of stakeholders to defend their interests.
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All choices, he said, would be made in conjunction with the Lahore Chamber of Commerce and Industry. “We are creating a new Master Plan for Lahore for future generations,” he said, adding that the environment is being given special attention in line with Prime Minister Imran Khan’s vision.
According to LCCI President Mian Tariq Misbah, there is insufficient land for industrial investment and expansion in and around Lahore. In Lahore, there were just two large industrial estates: He informed Sundar and the Quaid-e-Azam Industrial Estate, both of which had reached their maximum capacity. It was the primary reason for the skyrocketing cost of industrial land in Lahore.
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He noted that the LCCI has long campaigned for the rezoning of Lahore Division to fit the needs of future industrial expansion. He claimed that the industry was overloaded by the high rate of conversion fee for land use paid by the LDA due to the lack of industrial zoning (20 per cent of the value according to DC rate).