AIRLINK 189.64 Decreased By ▼ -7.01 (-3.56%)
BOP 10.09 Decreased By ▼ -0.05 (-0.49%)
CNERGY 6.68 Decreased By ▼ -0.01 (-0.15%)
FCCL 34.14 Increased By ▲ 1.12 (3.39%)
FFL 17.09 Increased By ▲ 0.44 (2.64%)
FLYNG 23.83 Increased By ▲ 1.38 (6.15%)
HUBC 126.05 Decreased By ▼ -1.24 (-0.97%)
HUMNL 13.79 Decreased By ▼ -0.11 (-0.79%)
KEL 4.77 Increased By ▲ 0.01 (0.21%)
KOSM 6.58 Increased By ▲ 0.21 (3.3%)
MLCF 43.28 Increased By ▲ 1.06 (2.51%)
OGDC 224.96 Increased By ▲ 11.93 (5.6%)
PACE 7.38 Increased By ▲ 0.37 (5.28%)
PAEL 41.74 Increased By ▲ 0.87 (2.13%)
PIAHCLA 17.19 Increased By ▲ 0.37 (2.2%)
PIBTL 8.41 Increased By ▲ 0.12 (1.45%)
POWER 9.05 Increased By ▲ 0.23 (2.61%)
PPL 193.09 Increased By ▲ 9.52 (5.19%)
PRL 37.34 Decreased By ▼ -0.93 (-2.43%)
PTC 24.02 Decreased By ▼ -0.05 (-0.21%)
SEARL 94.54 Decreased By ▼ -0.57 (-0.6%)
SILK 0.99 Decreased By ▼ -0.01 (-1%)
SSGC 39.93 Decreased By ▼ -0.38 (-0.94%)
SYM 17.77 Decreased By ▼ -0.44 (-2.42%)
TELE 8.66 Decreased By ▼ -0.07 (-0.8%)
TPLP 12.39 Increased By ▲ 0.18 (1.47%)
TRG 62.65 Decreased By ▼ -1.71 (-2.66%)
WAVESAPP 10.28 Decreased By ▼ -0.16 (-1.53%)
WTL 1.75 Decreased By ▼ -0.04 (-2.23%)
YOUW 3.97 Decreased By ▼ -0.03 (-0.75%)
BR100 11,814 Increased By 90.4 (0.77%)
BR30 36,234 Increased By 874.6 (2.47%)
KSE100 113,247 Increased By 609 (0.54%)
KSE30 35,712 Increased By 253.6 (0.72%)

The traders of Deans Commercial Centre (DCC), Peshawar, have asked the management to issue possession letter of the shop to the shopkeepers, warning if it failed to meet the demand they would use all options to secure their legitimate rights.
Speaking at a news conference here at Peshawar Press Club (PPC), President, Deans Traders & Professional Association, Shamul Rahim Afridi, said that the company failed to issue possession letters to them despite the passage of 11 years of the agreement. He said that they had already invested millions in different businesses, but the company had not yet transferred ownership rights to the traders.
Ironically, he said, the Commercial Centre was lacking development map. He alleged that the trade centre was owned by eleven influential persons, due to it the government was hesitating in taking action against their illegal steps. He claimed that the management has collected additional Rs 25,000 per shop as development charges, which was totally against law and regulation.
He added that the management had again charged Rs 90,000 on the pretext of registry in 2009. He informed that a sum of Rs 64 million was pending with the management of the Centre under the head of registry, which was a major hurdle in issuance of possession letters. According to the agreement, he said, the management is bound to provide possession letters to the traders after 40 months of the agreement, but the letters were not yet issued despite the passage of 11 years.
He expressed grave concern over suspension of power supply to the shops during daytime to provide electricity facility to wedding halls in the centre. He urged Chief Minister Khyber-Pakhtunkhwa Ameer Haider Khan Hoti and Governor Barrister Masood Kauser to intervene for amicable resolution of the issue, otherwise they would protest against the management.

Copyright Business Recorder, 2011

Comments

Comments are closed.