News

Check out market updates

CDA eyes Park Enclave development as ‘alternative’

ISLAMABAD – Losing all hopes to “make money” from the controversial LED lights project after Asian Development Bank (ADB) refused to provide soft loan to the Capital Development Authority (CDA) for the purpose, now those, who are designated by the PM to oversee the affairs of the CDA, are eyeing another project worth Rs 4 billion for development of Park Enclave.Efforts from some quarters are under way to manipulate the process of awarding contract of development of Park Enclave, whose successful execution would help restore the credibility of CDA to some extent among the investors.As first step, the opportunists making mockery of merit have managed to get appointed an officer who does not possess relevant qualification required to fulfil the responsibilities against the technical post of CDA Member Planning and Design, allegedly to manipulate the process of award of contract.The newly appointed CDA Member (P&D) Aziz Qureshi holds masters degreein chemistry, and was serving the Science and Technology wing of the Planning Commission prior to his recent posting.Newly appointed Chairman CDA Farkhand Iqbal, whose parent department is also Planning Commission, has picked up Qureshi for the task and managed to get the appointment orders from the Establishment division in the late hours of Friday following the efforts of Chairman of a dubious task force in this regard.The former Member Planning Tahir Shamshad was transferred at a crucial time when the presentation by the pre-qualified construction firms on their technical bids was in progress.

Discuss, analyse & share your views (kindly avoid sharing your email & contact number for your safety)