PM lauds CDA’s biggest land auction that raised Rs11.28 bn

ISLAMABAD (92 News) – Prime Minister (PM) Imran Khan on Friday lauded the results of an auction for plots by the Capital Development Authority (CDA), terming that biggest plots’ auction has resulted in the highest ever return of 11.28 billion rupees. The prime minister took to his Twitter and said that CDA’s biggest plots’ auction results in highest ever return for CDA that is Rs 11.28 billion. The premier said that this return highlights two important facts. “One, it is a vote of confidence in future of Pakistan’s economy; two, it reveals how much money has been lost in the past because of non-transparent, corrupt practices,” the PM mentioned. “CDA's biggest plots' auction results in highest ever return for CDA - Rs 11.28 bn. This highlights 2 imp facts: One, it is a vote of confidence in future of Pakistan's economy; two, it reveals how much money has been lost in the past because of non-transparent, corrupt practices,” PM Khan tweeted.

CDA's biggest plots' auction results in highest ever return for CDA - Rs 11.28 bn. This highlights 2 imp facts: One, it is a vote of confidence in future of Pakistan's economy; two, it reveals how much money has been lost in the past because of non-tranparent, corrupt practices.

— Imran Khan (@ImranKhanPTI) April 12, 2019

CDA organized auction of residential and commercial plots in Islamabad from 8th to 11th of this month. It is pertinent to mention here that this week, the CDA held a four day auction of residential and commercial plots. In the first two days, the CDA auctioned 31 residential plots in developed sectors. In the last two days 23 out of 38 commercial plots put on bid were also sold. From this auction, the CDA has earned Rs 11.28 billion, which is called the most profitable in CDA’s history.