Punjab Government canceled issued lisences of salt mining

A decision has been taken by Punjab government to cancel issued licenses to 56 companies for the salt mining. The decision has been taken during the 9th provincial Cabinet meeting chaired by Caretaker Chief Minister Punjab Mohsin Naqvi. The Punjab Cabinet has granted approval to start proceedings in order to cancel the issued licenses according to rules and regulations.

While giving briefing about a loss worth billions of rupees was being incurred to the national exchequer by issuing licenses against rules and regulations. Like-minded companies were being issued licenses without undergoing bidding and open auction procedure. Thirty two companies were being issued licenses while issuance of licenses to 24 companies is presently lying at the offer stage. The Punjab Cabinet granted approval to make the licenses issuance procedure transparent for the salt mining.