Capital Development Authority (CDA) was informed on Wednesday that two luxury hotel plots have already been offered for international auction by 17th December, 2024 targeting overseas Pakistanis and companies. It was disclosed in a meeting chaired by CDA chairman which discussed best possible options for utilizing hotel plots in Islamabad. The meeting focused projects specifically designed for overseas Pakistanis, offering lucrative investment opportunities in Islamabad’s thriving real estate sector. These projects aim to attract investments and foster economic growth while providing a platform for overseas Pakistanis to contribute to their homeland’s development. During the meeting, Chairman CDA received a detailed briefing on integrated solid waste management for the capital city.

It was highlighted that the study on solid waste management has been thoroughly reviewed, and bidding documents for outsourcing the services are finalized and undergoing review. The incorporation of a specialized solid waste management company with the Securities and Exchange Commission of Pakistan (SECP) is actively being pursued. The meeting was also briefed about the way forward for unsolicited proposals received by CDA. The preliminary assessments of unsolicited proposals for waste management were also discussed. The chairman directed further evaluation of these proposals to ensure viability and efficiency of the proposals received so far.

Credit: Independent News Pakistan