Cloudy Margalla Hills in the Background of China Chowk Underpass (Photo credit: Monazza Talha)

ISLAMABAD – The Capital Development Authority has decided to accommodate both the lowest bidders in awarding contract of Margalla Avenue, though efforts were underway to oblige a blue-eyed firm. During an open bidding for the contract, Karachi-based M/s RM Gulistan Engineers and Contractors and Quetta-based Rakhshani Builders had a stiff competition and offered bid worth Rs 500 million, even far lower than the CDA-proposed cost of Rs 740 million.

However, even month after the open bidding, the lowest bidders are yet awaiting award of the work. Earlier, some circles in the CDA lobbied to oblige a blue-eyed firm by convincing competitors to offer bids in connivance with the specific firm, but the said two companies successfully resisted the move. Read more

LAHORE – Open auctions of the remaining 54 shops of Liberty Park and Ride Plaza, situated along Main Boulevard, Gulberg, will be held on Tuesday (today) at LDA Community Centre, 239-A, New Muslim Town at 10.am.As many as 15 lower-ground floor, 19 ground floor, and 20 first floor shops besides restaurants on the first floor as well as rooftop will be sold through open auction at this occasion. The auction proceedings will start at 10am by an LDA committee in the presence of media representatives to make the process transparent.

Source: http://www.nation.com.pk/pakistan-news-newspaper-daily-english-online/lahore/15-May-2012/auctions-of-liberty-park-shops-today

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ISLAMABAD  – Lack of parking plaza in F-11 Markaz has added to the dejection of citizens and traders.

The CDA built parking site but has closed it now due to which traffic jams have become daily routine, said a group of traders. “No one comes to this market and our business stands totally disrupted due to non-availability of parking space”, said Abrar Khan, a trader. Read more

The Siddiq Trade Center, one of the many modern upscale shopping centres in the city. (Photo credit: Wikipedia)

Lahore – Open auctions of the remaining 54 shops of Liberty Park and Ride Plaza, situated along Main Boulevard Gulberg, will be held on Tuesday (tomorrow) at LDA Community Centre, 239-A, New Muslim Town at 10.am.

As many as 15 lower-ground floor, 19 ground floor, and 20 first floor shops besides restaurants at first floor as well as on rooftop will be sold through open auction on this occasion.

The parties interested in participating in the auction will have to deposit as surety money Rs.10,00,000/- for each shop, Rs.35,00,000/- for the restaurant at Ist Floor and Rs.67,50,000/- for the rooftop restaurant in the form of cash/pay order  favouring LDA Car Parking Plaza, Liberty Market, Lahore  either before the date of the auction at the marketing office of Park & Ride Plaza, Liberty Market Gulberg or before the commencement of auction  at the National Bank of Pakistan’s booth at LDA’s Community Center located at 239-A, New Muslim Town Lahore. Read more

RAWALPINDI  – The Planning and Development Department, Punjab has formally approved PC-1 of the railway tunnel at Mareer Chowk and the Housing Ministry has issued approval letter of the project to Rawalpindi Development Authority (RDA).

According to sources, Punjab government allocated Rs 228 million for the project in current budget but so far they have not released a single rupee for the project and Rs 429 million is total estimated cost of the project.

RDA sources told this agency that Rs 90 million would be released in few days for the project and 75 million rupees would be transferred to railways. Read more