Islamabad, March 26, 2017 (PPI-OT): Finance Minister Senator Mohammad Ishaq Dar chaired a meeting of senior officials concerned in the Capital Administration and Development Division (CADD) and Capital Development Authority (CDA) on new sector development by CDA including the proposed housing sector for overseas Pakistanis. Minister for CADD, Tariq Fazal Chaudhry was also present.
The meeting was briefed about CDA’s plans for development of new sectors and commercial areas. Finance Minister said that prioritization of different options for development of new sectors should be made after detailed technical assessments. He said that with increased economic activity, the urban housing needs were also increasing and CDA should respond to the new requirements. He said government would fully support CDA in its efforts for developing the housing sectors, including the one for overseas Pakistanis in accordance with international standards.
He said that the proposed sector for overseas Pakistanis would afford them an opportunity of safe and secure investment besides providing them quality residential environs with all amenities. He said overseas Pakistanis are keen to take advantage of investment opportunities in the country and the only need was to facilitate them in all possible ways.
The Finance Minister hoped that CDA would make all out efforts for accelerating the work on development of new sectors. Minister for CADD said that development of new sectors was an important initiative and it was important to implement it at a fast pace. Mayor of Islamabad assured that CDA would complete the preliminary work and make a detailed presentation with work plans for the new sectors.
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