10x10 feet shop in Pakistan - for Rs1.25bn monthly rent ...United Arab Emirates

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Islamabad: A 10x10 feet crockery shop in the Main Bazaar of Punjab’s Sheikhupura district was rented for whopping monthly rent of Rs1.25 billion (Dh29.592 million) during auction of shops owned by the municipal administration. Under “normal” circumstances, the shop, ‘Gulshan Crockery’, would fetch a monthly rent of Rs22,000. But as the auction of the shops began under supervision of the Municipal Officer of the District Sheikhupura, two groups of traders locked horns in an attempt to get possession of the shop. They kept raising the bid money and it stopped after a 4-hour process after the trader, Zubair Bhatti, who is already in possession of the shop, made the highest-ever bid. The shops

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