{"id":92851,"date":"2023-03-08T12:35:46","date_gmt":"2023-03-08T07:35:46","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=92851"},"modified":"2023-03-08T12:35:47","modified_gmt":"2023-03-08T07:35:47","slug":"karachi-land-grab-costs","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/karachi-land-grab-costs.html","title":{"rendered":"Karachi land grab costs govt USD 2.9 bn: FPCCI"},"content":{"rendered":"\n<p>Karachi: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has reported that land-grabbing incidents in Karachi have cost USD 2.9 billion annually to the state exchequer, news sources reported on March 6.<\/p>\n\n\n\n<p><strong>Read: <\/strong>\u00a0<a href=\"https:\/\/www.zameen.com\/news\/law-resolve-land-issues-karachi.html\" target=\"_blank\" rel=\"noreferrer noopener\">Law enforcement to resolve land-related issues in Karachi<\/a><\/p>\n\n\n\n<p>Speaking at a conference in Islamabad, FPCCI President Irfan Iqbal Sheikh said that the country&#8217;s constitutional and regulatory mechanisms are ranked 156th out of 190 countries in terms of preventing land-related issues. He said that the annual losses due to land grabbing and other incidents in the big metropolitan areas of the country are the major reason for the undergrowth of the <a href=\"https:\/\/www.zameen.com\/news\/law-resolve-land-issues-karachi.html\" target=\"_blank\" rel=\"noreferrer noopener\">real estate sector.\u00a0<\/a><\/p>\n\n\n\n<p>The FPCCI president Sheikh stated that the illegal occupation of industrial, commercial, agricultural, and residential lands through forged documents, outright grabs or encroachments is depleting the country\u2019s resources. <\/p>\n\n\n\n<p><strong>Read: <\/strong><a href=\"https:\/\/www.zameen.com\/news\/federal-govt-looking-develop-islands-karachi-coast.html\" target=\"_blank\" rel=\"noreferrer noopener\">Federal govt looking to develop islands off Karachi coast<\/a><\/p>\n\n\n\n<p>He also urged the Sindh government to take immediate action to resolve the issue of land grabbing to improve the ease of doing business in the country and ensure the protection of the lives, properties, and businesses of the taxpayers and law-abiding citizens.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Karachi: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has reported that land-grabbing incidents in Karachi have cost USD 2.9 billion annually to the state exchequer, news sources reported on March 6. Read: \u00a0Law enforcement to resolve land-related issues in Karachi Speaking at a conference in Islamabad, FPCCI President Irfan Iqbal Sheikh said that the country&#8217;s constitutional and regulatory mechanisms are ranked 156th out of 190 countries in terms of preventing land-related issues. He said that the annual losses due to land grabbing and other incidents in the big metropolitan areas of the country are the major reason for the undergrowth of the real estate sector.\u00a0 The FPCCI president Sheikh stated that the illegal occupation of industrial, commercial, agricultural, and residential lands through forged documents, outright grabs or encroachments is depleting the country\u2019s resources. Read: Federal govt looking to develop islands off Karachi coast He also urged the Sindh government to take immediate action to resolve the issue of land grabbing to improve the ease of doing business in the country and ensure the protection of the lives, properties, and businesses of the taxpayers and law-abiding citizens.<\/p>\n","protected":false},"author":84,"featured_media":61673,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15015],"tags":[56641,56642,56643],"persona":[],"class_list":{"0":"post-92851","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-legal-taxation","8":"tag-karachi-land-grab-costs-govt-usd-2-9-bn-fpcci","9":"tag-karachi-land-grabbing","10":"tag-land-encroachmnt-in-karachi","11":"cat-15015-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Karachi land grab costs govt USD 2.9 bn: FPCCI - Zameen News<\/title>\n<meta name=\"description\" content=\"FPCCI) has reported that land-grabbing incidents in Karachi have cost USD 2.9 billion annually to the state exchequer\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/karachi-land-grab-costs.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Karachi land grab costs govt USD 2.9 bn: FPCCI - Zameen News\" \/>\n<meta property=\"og:description\" content=\"FPCCI) has reported that land-grabbing incidents in Karachi have cost USD 2.9 billion annually to the state exchequer\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/karachi-land-grab-costs.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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