PM Construction Package: CDA attracts the highest investment of history
- Prime Minister Imran Khan’s Construction Package starts to show results.
- Capital Development Authority Islamabad has attracted the highest investment in its history.
- CDA was able to gather an investment of Rs 17 billion in 3 days.
Here are the details of PM Construction Package showing results in investment:
Bids worth 17.04 billion approved at end of three-day auction. Offers were near 23 billion but a couple of bids were below CDA reserve price so they accepted bids worth 17.04 billion.
Highest in history of CDA This is what CDA normally earns in two years which was generated in three days.
Highest ever bid amount of Rs. 1.5 million per yard secured.
The largest plot sold was 7000 yards (1.75 acres).
Not a penny spent by govt and 17 billion generated for the city while economic activity worth 100s of billion associated with this. This will result in job creation and economic
Reflects investors confidence in the govt.
CDA is now planning to offer residual plots from this auction and the blue area opposite f-8 in October so they can benefit from the December deadline and they raise more money.
This is a sneak peek of what the construction industry is capable of. It will soon be showing even better results and play the role of a backbone in the economy of Pakistan.
Let us know what you think about it.