The mission is to ensure availability of safe and wholesome food for human consumption. Although its work is worthy of praise as it helps citizens to be informed about food standards, it also presents problems for commercial property owners. Saad Arshed, the Country Director of Lamudi Pakistan, has said the new system is important for the health of the province, and that investors and property owners need to stay informed to diminish financial risks associated with closures.
"Owners of commercial real estate and those interested in investing must stay on top of new regulations and policies of important institutions like the Punjab Food Authority," he said. "Property owners who rent their spaces out to eateries, restaurants and other gastronomic businesses are especially affected by the authority's grading system. There is a potential that they can lose major rental income if they are not prepared."
He said Lamudi was dedicated to keeping commercial real estate owners and investors apprised of the latest news and updates concerning the authority's policies and others that may affect real estate. The important work being done by the Punjab Food Authority sets a good example for the rest of the country. Other provinces, such as Sindh, home of the nation's largest city, Karachi, could follow suit, making restaurant closures an issue for commercial real estate owners and investors nation-wide.