Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
No Result
View All Result
Home Business

CDA illegally allots 3,900 plots worth Rs20b, suffers Rs2.5b loss, PAC unearths

byCustoms Today Report
28/01/2015
in Business
Share on FacebookShare on Twitter

ISLAMABAD – In defiance of the rules and criteria, the Capital Development Authority (CDA) has allotted 3,900 plots worth Rs 20 billion to its blue-eyed persons in different sectors of the federal capital and suffered Rs2.5 billion loss, disclosed the Auditor General of Pakistan during a meeting of the Public Accounts Committee here.

Headed by Opposition Leader in the National Assembly Syed Khurshid Shah, the PAC reviewed the audit objections of 2011, 2012 and 2013 and took the notice of irregularities in CDA. The AGP informed the committee that CDA had allotted 3,187 plots in sector G-10, G-11, I-10 and I-11, however 800 plots allotted among the favourite persons.

You might also like

SMEDA plans new e-commerce programme to empower Pakistani entrepreneurs

26/09/2026

OGRA cuts LNG prices by up to $3.91 per MMBtu

25/09/2026

The committee was told by the audit officials that CDA sold six plots in prime locations of Islamabad’s business hub, known as Blue Area without auction and sold nine other plots without following the rules of CDA and suffered Rs2.5 billion loss in these two deals. They further informed the committee that CDA suffered Rs 5 million loss in 2011 due to allotted Monument parking contract without issuing tender in this regard. In addition, five-star and local hotels were occupying thousands of square feet illegally and CDA has suffered a loss of more than Rs 6 billion for not making recoveries from different hotels, it was told.

 

Related Stories

SMEDA plans new e-commerce programme to empower Pakistani entrepreneurs

byCT Report
26/09/2026

LAHORE: The Small and Medium Enterprises Development Authority (SMEDA) and Daraz Pakistan are exploring new avenues of collaboration to help...

OGRA cuts LNG prices by up to $3.91 per MMBtu

byCT Report
25/09/2026

ISLAMABAD: The Oil and Gas Regulatory Authority (OGRA) has announced a significant reduction in liquefied natural gas (LNG) prices for...

Cutlery exports increase 17.78pc to $10.280m

byCT Report
24/09/2026

ISLAMABAD: The exports of cutlery witnessed an increase of 17.78 percent during the first two months of the current financial...

Made-in-Pakistan Exhibition showcases Pakistani products in Dhaka

byCT Report
23/09/2026

DHAKA: The fourth Made-in-Pakistan Exhibition has opened at the International Convention City Bashundhara in Dhaka, bringing together more than 100...

Next Post

Motorola to release bug-free Android 5.0 Lollipop Update for Droid Turbo, Moto G, Moto X in Feb 2105

  • Terms and Conditions
  • Disclaimer

© 2011 Customs Today -World's first newspaper on customs. Customs Today.

No Result
View All Result
  • Transfers and Postings
  • Latest News
  • Karachi
  • Islamabad
  • Lahore
  • National
  • Chambers & Associations
  • Business
  • About Us

© 2011 Customs Today -World's first newspaper on customs. Customs Today.