Multan. Encroachment of Railways land has become a serious issue as some officials of Railways are involved in the encroachment of Railways land in the different cities of the country including Multan,Sakhar, Peshawar and other areas of the country sources told BN News. According to sources more than 4172 acres of Pakistan Railways land is being illegal occupied by private,Defence departments and other Government Institutiions. Pakistan Railways had registered as many as 1660 cases and 1767 accused were arrested during the anti-encroachment operations in oct 2017.
Sources told that without the involvement of the officials the land grabber could not encroach the land of Railways.
A senior Railway Officer said that Railways officials are not serious to revamp the institution for the development. However Secretary Railways had been ensuring the Railways Authorities that Railway department is providing the land for green area in the different areas of the country and in this regard process is under way for the negotiation with the local administration of the areas.Pakistan Railways had retrieved around 3,550 acres land across the country from illegal occupants under different anti-encroachment drives. Regarding the encroached land of Railways, 2,171 acres of land is under encroachment in Punjab, 1,189 acres in Sindh, 619 acres in Balochistan and 251 acres in Khyber Pakhtunkhwa. It is to mention here that Pakistan Railways had a total of 167,690 acres land including 90,326 acres in Punjab, 39,428 acres in Sindh, 28,228 acres in Balochistan and 9,707 acres in Khyber Pakhtunkhwa. Citizens have demanded that encroachments be removed from Railways land as dozens of illegal built multi storied residential buildings on Pakistan Railways land besides the main national Railways track have become a nuisance for them.
Moreover, the total number of registered companies with the Securities and Exchange Commission of Pakistan (SECP) has increased to 84,201 by end of November 2017, said a statement issued by SECP. The SECP during the month of November 2017 registered 881 new companies. As compared to the corresponding month of last financial year, it represents a growth of 40 percent. The massive increase in number of new companies is the direct result of various reforms measures introduced by the SECP i.e. simplification of incorporation procedure, reduction of fee, assistance of incorporation by facilitation wings of CROs etc.
Around 82 percent companies were registered as private limited companies, while around 16 percent companies were registered as single member companies. Two percent of the companies were registered as public unlisted, association not for profit, under section 43, trade organization and foreign companies.
The services sector took the lead with the incorporation of 134 companies, trading with 118, construction with 107, information technology with 91, tourism with 52, engineering with 38, education with 29, food and beverages with 28, real estate development and corporate agricultural farming with 22 each, textile with 20, healthcare with 18, pharmaceutical and transport with 16 each, auto & allied and cable and electric goods with 11 each and 148 companies were registered in other sectors. Moreover, 5 foreign companies were also registered by the CROs in Karachi and Islamabad. Foreign investment has been reported in 47 new companies. These companies have foreign investors from, Afghanistan, Australia, Canada, China, Italy, Korea (south), Lebnon, Macedonia, Mauritius, Mexico, Poland, Singapore, South Africa, Switzerland, the UK and the US. During the month, the highest numbers of companies, i.e. 309 were registered at the Company Registration Office (CRO), Islamabad, followed by 253 and 165 companies registered at CRO Lahore and Karachi respectively. The CROs in Peshawar, Multan, Faisalabad, Quetta, Gilgit-Baltistan and Sukkur registered 51, 44, 20, 11, 20 and 8 companies respectively. Mohammad Rizwan Awan