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Jims and Jewelry Diesel Park project Removal0 Comments

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Jims and Jewelry Diesel Park project Removal

Jims and Jewelry Diesel Park project Removal

Federal ministry of commerce has started considering ending the Jims and Jewelry park diesel project, announced by former President Pervez Musharaf for progress of Pakistan’s Jim and jewelry industry.

The establishment of Jim and Jewelry Diesel Park project postponed for several years. For this project, government purchased 16 acres of land from Civil Aviation Authority near Karachi Airport and then CAA was given Rs. 206 million in 2007 for lease of this land. But the project remained postponed for several years due to conflict between CAA and Trade Development Authority for karaya of this land. After 4 years in 2013, the lease agreement was signed between CAA and TDA and the project started on 10th March 2013.

After spending millions of rupees on the project for several years, now the beaurocracy thinks that this project is not necessary for the progress of industry and now it should be cancelled. On the other hand, the Jim & Jewelry Industry also hasn’t complained about the cancellation of this project. The sources say that TDA has asked to cancel this project. The reason for cancellation of this project is the presence of corruption in its different projects.

The purpose of this Jim and Jewelry Diesel Park was to provide joint ventures for national and international capitalists and to provide modern facilities to the jims and jewelry sector. Through this project, the export of this sector was hoped to rise from $1 billion to $10 billion.

The sources of Jims and Jewelry sector says that it was an ideal project but the delay of this project due to hurdles from beaurucracy has finished its advantage. International purchasers and experts could get the chance to trade near airport and transit passengers can also purchase this Pakistani jewelry. But the delay in project and law and order situation of city has dimmed all hopes.

 

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