ISLAMABAD: Pakistan Railways has leased out 1,556 acre land in Punjab, Sindh and Khyber Pakhtunkhwa through fair and transparent method during last two years to earn more revenue.
Pakistan Railways has collected an amount of Rs. 366.58 million from the leases so far, a senior official in the Ministry of Railways told APP.
The land was leased out though advertisement in the newspapers to ensure transparency and though auction process, the official added.
Valuation of land and evaluation of bids and execution of agreements with the successful bidders was being done by the Assessment Committee and independent valuators, he informed.
The official said that a total 1198 acres land leased out in Punjab, in which 1139 acres was agricultural land and 58 was commercial, in Khyber Pakhtunkhwa, 74 acres land leased out in which 69 was agricultural land and four acres was commercial while in Sindh 276 acres was agricultural land and six acres was commercial.