Karachi’s billion rupee loss - News Summed Up

Karachi’s billion rupee loss


Sindh’s anti-corruption unearths mega corruption of Rs 5bn in Karachi Metropolitan Corporation, Sindh Building Control AuthorityKARACHI: The Sindh’s inquiries and anti-corruption establishment has unearthed a mega corruption scandal worth Rs 5 billion in the Karachi Metropolitan Corporation (KMC) and the Sindh Building Control Authority (SBCA), which were collected from the people of the city since 2008. Inside sources told Pakistan Today that the Sindh Building Control Authority had collected more than Rs 5 billion from Karachiites under the claims of Betterment Charges on the construction of high-rise/multi-storied buildings. According to sources, the SBCA made amendments in the Karachi Building and Town Planning Regulations, 2002 through which the covered area of plot is governed by floor area ratio (FAR) and not number of floors. Interestingly, the sources disclosed that officials of the Finance Section, SBCA transferred more than Rs 3772.172 million to the defunct City District Government Karachi which is now the Karachi Metropolitan Corporation. “Whereas the competent authority has taken cognizance of the complaint under the provisions of Rules and Laws governing criminal jurisprudence.


Source: Pakistan Today January 25, 2018 11:48 UTC



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