ISLAMABAD: Capital Development Authority (CDA) will auction commercial plots in busiest commercial centres of the federal capital to attract business community and international business firms for generating economic activity.
CDA Chairman Engineer Farkhand Iqbal at the inaugural ceremony of a local restaurant here at F-8 Markaz on Wednesday said that the Authority would take all possible measures to help boost economic activities in the capital city to make it a hub of commercial activities.
The officers of district administration and a large number of traders were present on the occasion.
The CDA chairman said that Islamabad had a unique significance in the region as all major foreign embassies and diplomatic missions were situated here. In this context, promotion of economic activities in the Federal Capital is the need of the hour, he added.
He said the authority was taking concrete measures to resolve basic civic problems, especially provision of clean drinking water to the residents of the city on priority basis. The Authority is focusing on consolidating its financial status to overcome the financial problems, he said, adding, measures would be taken to drastically decrease the non-development expenditure of the Authority.
Iqbal said that the Authority will initiate public-oriented projects to ensure basic civic amenities and the existing facilities would also be upgraded.
He said that Islamabad was comparatively peaceful city of the country where investment was more secure as compared to other parts of the country.
CDA is working on a project to replace the existing traditional lights with LED lights, which would not only help save the precious energy resource but also improve the efficiency of the system and drastically reduce the burden on CDA budget, he added.