LAHORE – Ravi Urban Development Authority (RUDA) CEO Imran Amin has said that no one's rights will be violated in Ravi City and farmers are being paid for their land in a timely manner with a fixed package.
“Ravi Urban Development Authority has so far paid 70% of the land owners through the Revenue Board of Punjab,” the RUDA chief said in a press release on Tuesday.
“If a few owners have reservations about an issue, we can review their suggestions as this project of government of the Punjab will guarantee the welfare of people," he added.
Speaking to a representative delegation of farmers at RUDA headquarters, Imran Amin said that the creation of Ravi City will provide employment to millions of people.
“The Industrial Zone consists of 3,500 hectares, while revenue of $40 billion will be obtained from business activities.
“No one will be allowed to work on the illegal housing schemes,” he said, adding that RUDA will ensure implementation of the project in line with the master plan,” he further said.
Moreover, he said: “By constructing world-class river training works and barrages, the flood damage will be minimized, while the water level of Lahore will be high due to the construction of three lakes.
"Additionally, recognising the Rakh Jhok Forest as a National Park will promote tourism and aquatic life.”
On the occasion, farmers' representatives Sajjad Waraich, Haji Abdul Ghani, Mustafa Rashid and Chaudhry Mehmood informed Imran Amin about farmers' problems and assured their cooperation.
Pakistani rupee continue to witness further losses against US dollar in the open market on despite positive economic indicators and massive surge in Stock Market.
On Tuesday, the dollar was being quoted at 285.1 for selling and 288.15 for buying purposes for customers.
Euro price moves down by Rs2 to 312 for buying and 315 for selling. British Pound rate stands at 358.5 for buying, and 362 for selling after increase.
UAE Dirham AED stands at 78 whereas the Saudi Riyal also witnessed fall and new price stands at 76.25.
|UK Pound Sterling||GBP||358.5||362|
|Hong Kong Dollar||HKD||36.24||36.59|
|New Zealand Dollar||NZD||173.44||175.44|
KARACHI – The gold price moved up down in the local market in line with massive increase in international market.
On Wednesday, the single tola of 24 Karat gold was available at Rs218,000, and the price for 10-gram gold saw an increase of Rs943 to reach Rs186,900.
Meanwhile, the 22 Karat Gold price stands at Rs199,830, 21 karat rate for each tola is Rs190,750 and 18k gold rate hoveres around Rs163,500.00.
In international market, the price of precious metal went up by $29 to settle at $2,044 per ounce.
|Lahore||PKR 218,000||PKR 2,610|
|Karachi||PKR 218,000||PKR 2,610|
|Islamabad||PKR 218,000||PKR 2,610|
|Peshawar||PKR 218,000||PKR 2,610|
|Quetta||PKR 218,000||PKR 2,610|
|Sialkot||PKR 218,000||PKR 2,610|
|Attock||PKR 218,000||PKR 2,610|
|Gujranwala||PKR 218,000||PKR 2,610|
|Jehlum||PKR 218,000||PKR 2,610|
|Multan||PKR 218,000||PKR 2,610|
|Bahawalpur||PKR 218,000||PKR 2,610|
|Gujrat||PKR 218,000||PKR 2,610|
|Nawabshah||PKR 218,000||PKR 2,610|
|Chakwal||PKR 218,000||PKR 2,610|
|Hyderabad||PKR 218,000||PKR 2,610|
|Nowshehra||PKR 218,000||PKR 2,610|
|Sargodha||PKR 218,000||PKR 2,610|
|Faisalabad||PKR 218,000||PKR 2,610|
|Mirpur||PKR 218,000||PKR 2,610|