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Properties Of Those Who Migrated To Pakistan To Be Put To "Public Use"

Monday, March 11, 2019, 7:15 PM

The Centre has allowed state governments to put to "public use" some enemy properties that were left behind by people who migrated to Pakistan since the Partition and to China after the 1962 Sino-Indian war, officials said. The move comes amid the central government's efforts to sell more than 9,400 enemy properties, worth over Rs.1 lakh-crore, and Rs.3,000 crore worth of enemy shares.
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Govt approves mechanism for sale of enemy shares worth Rs 3,000 crore

Friday, November 9, 2018, 9:45 AM

The government said approved a mechanism for sale of enemy shares which at the current-price estimated at around Rs.3,000 crore. According to Enemy Property Act, 1968, "Enemy property" refers to any property belonging to, held or managed on behalf of an enemy, an enemy subject or an enemy firm. Of-these-companies, 588 are functional/ active companies, 139 of these are listed with remaining being unlisted.