Through one of my friends in Software Technology Park, known as Evacuee Trust Complex in Islamabad, learned that Evacuee Trust administration has sent them a notification to vacate the building in 7 days. He told me that there are almost a dozen companies, including Avenir Technologies, Cogilent Solutions, LMKR and many others, who were served with such a notice.
Notice that informs software companies that their current lease agreement is void, and they must pack up their businesses and get the hell out of this building. In my friend’s case their lease was renewed on January 1, 2008, which was likely to last till December 31, 2009.
Very interesting situation, I guess even the ‘Pan Shop’ landlords follow the agreements that they signed. However, in this case Evacuee Trust administration says that the person, they call it resident engineer, who signed the agreement was not authoritative enough to act like that. Hence the agreement is simply cancelled.
In my personal opinion, either they are kidding or maybe fooling little late in June instead of April. How one can just windup his/her business in seven days? And we know that there are companies with over 500 employees in there…millions of investment!
We use to hear about our cousins or neighbors being asked by landlords to vacate places, which at end they normally increase the lease amount by 10 to 20 percent and settle down. Maybe this is one such case?
I am not sure where this issue is going to end up… Authorities concerned should act sensible, and help these IT ventures to produce some results.
To read the history of this Evacuee Trust Complex, and how it was turned into a Software Technology Pack, check out Jehanara’s this post at NetExpress.