Ch Nisar assures investors security

Islamabad: Interior Minister Ch. Nisar Ali Khan has said that the investors and purchasers of flats in One Constitution Avenue should rest assured that their money is safe and secure.

He said that he has consulted the prime minister and the government, after receiving detailed judgment of the court in this case, would constitute a committee for working out a mechanism of payback in consultation and consent of purchasers/allotees of flats. The interior minister observed that unprecedented irregularities took place in the approval, construction and allotment process of the One Constitution Avenue.

The minister said that where he, on behalf of the government, assures the investors of security of their investment, he also wishes to remind that strict action would be taken against all those officials and government functionaries who connived during this massive irregularity. Where this building, the interior minister said, is worst example of connivance of public officials, government functionaries and private sector, its construction and unabated sale of flats was security hazard for the federal capital. Keeping in view all these things, the government would take decisions so that no rights are infringed and secondly it could also be ensured that no one in future plays with the rules using his influence, money or his/her clout.  The minister said that to take to its logical conclusion the landmark decision into the case and all the effort that was put in, it is important that the affectees are swiftly compensated, the connivers are dealt according to law and a mechanism is put in place to ensure that no one is able to misuse his authority in future.

Article source: https://www.thenews.com.pk/print/190244-Ch-Nisar-assures-investors-security