NTC incurs Rs 35m loss | Pakistan Today

NTC incurs Rs 35m loss

National Telecommunication Corporation (NTC) administration caused Rs 35 million loss to the national exchequer in acquiring unduly and unjustified land in Gwadar. According to the available report of Fact finding committee on coastal fiber project 2012 it is learnt that NTC administration purchased land in Gwadar for its regional office and paid Rs3.6 million for the land however land has not been transferred to the NTC. Fact finding report revealed that NTC administration purchased land at two different places with the same site while huge variations in price were observed regarding the purchase of land per sq ft/ per sq yard. Report revealed that 1482 sq yard land purchased in Gawadar Rs 3,622,000, 8694 sq ft land purchased in Jiwani with a cost of Rs 130,410 and another piece of 1 acre land was purchased in Pasni with Rs 304,920. 4500 sq feet land purchased by the NTC administration 31, 500, 1022 sq yard land purchased in Hub over a cost of Rs 421,127 and 600 sq yard land purchased at Rs 452,484 which shows huge variations. Report also mentioned that area of land purchased through PSDP funding for the project is totally irrational regarding scope of project and is waste of public money. The status of ownership of land in Gawadar is also a question mark on management of the project. Fact finding committee showed extreme displeasure over status of owner ship of land in Gawadar and unjustified land acquisitions.

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