Industrialists have urged the government to verify the validity of announced housing, flats, industrial, commercial and housing plots schemes in Gwadar before it is going to another land scheme and poor investors will lose their investment.
Talking with Business Recorder on Friday, Hassan Mehmood said many companies are offering different schemes in Gwadar with falsely announcing of lightening of Hong Kong, whereas in many cases, these schemes have no approval from the competent authority and are on paper only.
He pointed out that in recent past many fake investment companies announced investment schemes and offered lucrative rate of return. People invested in these schemes but ultimately the investment company owners ran away and hard earned money of salaried, poor as well as well to do people struck up.
He said it is right time to scrutinise the announced schemes and inform the investors about fake companies.
He said that there is no doubt that a large number of trustworthy companies announcing different schemes in Gwadar but still there are may companies who have no land, no approval from the competent authority and are on paper only.
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