CDA allots 35 acres for cricket stadium

Map showing the districts of the Federally Adm...

Map showing the districts of the Federally Administered Tribal Areas (FATA) FATA and the North-West Frontier Province (NWFP) of Pakistan. (Photo credit: Wikipedia)

Staff Report

ISLAMABAD: Capital Development Authority (CDA) Chairman Farkhand Iqbal has said that CDA has allotted 35 acres of land for a state-of-the-art international cricket stadium in the capital on first ever public-public partnership venture between CDA and the Pakistan Cricket Board (PCB).

Talking to reporters at the CDA headquarters on Tuesday, Iqbal said that the CDA would receive 30 percent of the income generated from the stadium. He said that the CDA share had been enhanced from 25 percent to 30 percent, which would provide a sustainable income generation stream to the authority. Continue reading

CDA decides to open 10 new sectors

View of Islamabad and Rawalpindi from Space, p...

View of Islamabad and Rawalpindi from Space, photgraph released by NASA. (Photo credit: Wikipedia)

ISLAMABAD  – The Capital Development Authority (CDA) has made a surprising decision to open 10 new sectors in the federal capital without planning and financial resources.

According to sources, these sectors were opened on the condition of land sharing but choice is also available for the partners to receive their share according to market rate.

This agency understands that C13, 14, 15, 16, D 13, F13, I 13, I 7and H 16 are the announced new sectors. The CDA paid the money of land to few influential persons and asked others to remain silent and told that due to financial crisis CDA is not in the position to pay dues to all people. It is worth mentioning here that CDA is not developing five sectors which were opened five years ago and even plots or land money are not given to owners. Continue reading