Wasting Public Wealth—The Antecedents and practice of Public Land Management in Pakistan
No 2022:10, PIDE-Working Papers from Pakistan Institute of Development Economics
Land is considered a valuable public asset and its efficient management can bring in ample advantages to its holders. Pakistan, like most other countries in the world, has a sizeable portion of public land. Both the Federal and the Provincial governments hold vast amounts of this valuable asset. However, there is no concise estimate of its size, no central data repository and no balance sheet reflecting its value. Evidence indicates that it has been poorly managed, implying significant forgone revenue to federal and provincial governments. This role in direct management of public lands has evolved out of historical circumstances, primarily the partition. Moreover, laws governing management of these lands evolved out of British laws or have remained the same. Unless the manner of management of these lands changes drastically, the status quo is set to prevail.
Keywords: Real Estate; Brokerage Market; Pakistan (search for similar items in EconPapers)
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