Mustafa forex

Mustafa forex

Dear reader, online ads enable us to deliver the journalism you value. Please support us by taking a moment to turn off Adblock on Dawn. KARACHI, Nov 3: The low-cost housing scheme of Taiser Town is no more for people mustafa forex low-income group, as the price range of 240 and 400 square yards residential plots in the third phase is much above the affordability level of deserving people, for whom they are meant. The Malir Development Authority launched the third phase of Taiser Town Housing Scheme and invited applications for 240 and 400 square yard residential plots.

The total price of a 240-sq-yd plot is Rs0. 528 million and that of a 400-sq-yd plot Rs1. 2 million, although the amount has to be paid over a three-year period. Surprisingly, the MDA, instead of allotting these plots through open auction, has asked interested buyers through an advertisement to apply on the prescribed form and deposit with it a pay-order of Rs31,000 for a 240-sq-yd plot and Rs51,000 for a 400-sq-yd plot. It has notified the authorised branches of a private bank for the purpose and fixed Nov 20 as the last date for submission of the form for balloting.

The price of the form, whose photocopy is also acceptable, is Rs1,000 which is non-refundable. Only residents of Sindh are eligible to apply and those who had won a plot in the balloting for the 80 or 120 sq-yd categories are also not eligible to apply for the 240 or 400 sq-yd categories. Many people, whom this scribe spoke to, criticised the MDA for fixing such an exorbitant price and observed that only affluent people who did not deserve a piece of land in a low-cost housing scheme would be able to buy one or more plots in the third phase. The prices of 80 and 120 sq-yd plots were Rs40,000 and Rs120,000 respectively, and people questioned that why the price of 400 and 240 sq-yd plots had been fixed on a higher side. They felt that this clearly shows that the third phase of this low-cost housing scheme seemed not at all meant for the people of low-income group.