ISLAMABAD: The chairman of the Senate committee on maritime affairs has ordered the cancellation of all allotments within the Port Qasim area after “shocking details” emerged about a deal under which land spread over 500 acres was sold at throwaway prices.

Faisal Vawda, the Chairman of the Senate Committee on Maritime Affairs, estimated that Port Qasim had suffered a colossal loss of Rs40-60 billion because of “shady transactions”.

“Land worth Rs40 million per acre was sold at a rate........

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