ISLAMABAD: The Supreme Court (SC) on Saturday ordered Packages Limited to pay lease payment of Rs500 million for the land where its factory is built following the expiry of the lease agreement in 2015. Those responsible for the renewal of the lease did nothing,” he remarked and added that “these poor people [Packages Limited] are honest to have come forward themselves to make the payment”. DC Saeed said that Packages Limited was given government land from 1955 to 1985 on lease for its factory. Then, on July 6, 2015, Packages Limited applied to the Board of Revenue (BoR) for another extension, a matter which was still pending. The court announced the dissolution of the lease and ordered the company to pay a sum of Rs500 million as due payment.

Source: Pakistan Today January 05, 2019 19:41 UTC