Time Ripe For CDA To Initiate Income Generating Projects
Fahad Shabbir (@FahadShabbir) Published July 27, 2017 | 06:50 PM
ISLAMABAD, (UrduPoint / Pakistan Point News - 27th Jul, 2017 ) : Since its inception decades ago, the Capital Development Authority (CDA) lacks its own revenue generation resources. The civic body, which is responsible to run the affairs of Islamabad - the world's second most beautiful capital, has failed to devise any short-term or long term policy for the purpose.
The CDA has not launched even a single income generation project for the betterment of its employees and the overall development of the city. When contacted, CDA spokesperson Mazhar Hussain admitted that the previous managements of the civic body had totally neglected that area and taken no steps for revenue generation to make the authority self-reliant.
The present management, he said, was focusing on launching revenue generating projects. He cited setting up a water park at Shahdara where amusement tools, including ferry service, would be installed for income generation.
The CDA presently has a few projects like parks, food streets, parking plaza, Pakistan Monument etc, but revenue generated from them is nominal vis-a-vis its expenditure. The major chunk of the CDA's income CDA comes from auction of plots, both residential and commercials, and shops in various markets.
The question arises as to how long the CDA can sustain with this temporary or one time income generated after each auction.
Commenting on the situation, CDA Mazdoor Union General Secretary Chaudhry Yasin said the authority had been paying salaries to its employees by auctioning commercial and residential plots every year.
"This is really alarming. It is high time for the authority to wake up from the long slumber and initiate income generating projects," he said. Yasin, who has been in the Union for around a decade, said time and again the Union had been pressing the CDA management to initiate income generating projects, but the tussle between its top officials was costing the authority heavily.
He said that CDA owned only two petrol pumps and a shop in the entire city and the previous managements had been collecting a nominal rent for the properties. "As a result of our (CDA Union's) tireless efforts that the CDA has started getting some reasonable rent for these properties," he maintained.
He underlined the need to start new income generating schemes, which would not only help CDA stand on its own feet but also stop auctioning plots to meet its needs. He said the authority would have to initiate income generationg projects. One could imagine the situation if not a single commercial plot would be left for the authrity for auction, he added.
Related Topics
Recent Stories
Today Gold Rate in Pakistan 02 May 2024
Dubai Police Marks International Workers' Day with 'Talabat' Riders
Sharjah Ruler inaugurates 15th annual Sharjah Children’s Reading Festival
Parineeti Chopra opens up about her decision to marry politician Raghav Chadha
PCB decides to set up training camp for national team ahead of England, Ireland ..
Virat Kohli's sweet birthday wish for Anushka Sharma
Interior Minister commends Pakistan Coast Guards
Pakistan women’s squad announced for England tour
Punjab CM Maryam inaugurates initiative of field hospitals
PM Shehbaz constitutes committee to investigate caretaker govt’s wheat import ..
Women T20I: Pakistan to face West Indies in fourth match tomorrow
Pak-UK 6th Regional Stabilization Conference underway at NDU, Islamabad
More Stories From Pakistan
-
IG inquires after health of injured police officials
8 hours ago -
Govt focuses on working class needs: Dastgir
10 hours ago -
Advocating for labour right is PPP’s legacy: Nasir Hussain
10 hours ago -
Massive rallies mark May Day in Rawalpindi
10 hours ago -
PM keen to resolve issues of farmers: Rana Tanveer
10 hours ago -
PDP holds protest in Srinagar against BJP regime’s divisive tactics in IIOJK
10 hours ago
-
Government committed to serve labourers at all cost: Rana Sana
11 hours ago -
Muqam visits graveyard of martyred soldier Azam Khan
11 hours ago -
Rich tributes paid to martyrs of Chicago
11 hours ago -
BLLFP stresses importance of enforcing minimum wage laws
11 hours ago -
President for strict action against criminals in Sindh
11 hours ago -
President orders strict action against criminals in Sindh
11 hours ago