| Islamabad: The Capital Development Authority (CDA) has unveiled plans to auction two luxury hotel plots in the Federal Capital, with the event set for December 17, 2024. The news has been sourced from a November 22 article.
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This initiative attracts international investors, including overseas Pakistanis and global corporations, to participate in Islamabad’s flourishing real estate sector. The announcement came during a CDA meeting focused on enhancing the use of prime hotel plots in the capital. Special attention was given to creating appealing investment opportunities for overseas Pakistanis to support economic growth and foster their involvement in national development.
In addition to real estate projects, the meeting addressed the city’s solid waste management strategy. Officials provided updates on the progress of a comprehensive waste management study, highlighting the preparation of bidding documents for outsourcing these services. Efforts are also underway to establish a dedicated waste management company, registered with the Securities and Exchange Commission of Pakistan (SECP).
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Preliminary reviews of unsolicited waste management proposals were also discussed, with directives for further evaluation to ensure feasibility and efficiency. The CDA meeting further covered advancements in technology-based initiatives, including the introduction of a digital parking system, aimed at improving service delivery for residents of Islamabad. |
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