Punjab
Food Authority’s (PFA) latest grading system of restaurants has important
implications for owners of commercial properties, according to Lamudi.pk , Pakistan
The new
grading system has five categories to measure health risks. They are labeled A
(no risk) through D (medium risk) and a final “Failed” category for high risk
restaurants, which will be temporarily closed down until rectification of
health risks and re-inspection.
The
mission of the PFA is to “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, Country Director of Lamudi Pakistan, has said that 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,” Arshed said. “Property owners who rent their spaces out to
eateries, restaurants and other gastronomic businesses are especially affected
by the PFA’s grading system. There is a potential that they can lose major
rental income if they are not prepared.”
Arshed
further commented that Lamudi is dedicated to keeping commercial real estate
owners and investors apprised of the latest news and updates concerning PFA
policies and others that may affect real estate.
The
important work done by the Punjab Food Authority sets a good example for the
rest of the country. Other provinces, like Sindh, home of the nation’s largest
city, Karachi
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