The Capital Development Authority (CDA) on Thursday approved a reduction in property transfer fees and decided to restart the process for outsourcing solid waste management after terminating an ongoing procurement.
\nThe decisions were taken at the 3rd CDA Board meeting, chaired by CDA Chairman and Chief Commissioner Sohail Ashraf at the authority\u2019s headquarters. Board members, including senior officials from administration, estate, environment, finance and engineering wings, attended the meeting along with Punjab University Vice Chancellor Prof Dr Muhammad Ali.<\/p>\n
The board approved a cut in the transfer fee on property transactions from the existing three per cent, aiming to stimulate investment activity and provide relief to buyers and sellers in Islamabad\u2019s real estate market. Officials said the move was expected to support growth in the housing sector.
\nSpeaking at the meeting, Sohail Ashraf emphasised the need to broaden the tax base instead of increasing property taxes in the federal capital.
\nIn another key decision, the board approved the award of a contract for hiring creative consultants \u2014 described as \u201ccity curators\u201d \u2014 to promote Islamabad as a cultural and tourism destination.
\nAccording to officials, all legal and procurement requirements for the hiring process had been fulfilled.<\/p>\n
The chairman said the initiative would help improve landscaping, parks and green belts, and contribute to making the city more vibrant and attractive.
\nThe board also reviewed the proposed outsourcing of solid waste management services under two packages.
\nActing on recommendations of the grievance redressal and procurement committees, it decided to terminate the current bidding process and undertake a fresh exercise after examining successful models from other cities.
\nSohail Ashraf said a more efficient and sustainable waste management system would be introduced following the review.<\/p>\n","protected":false},"excerpt":{"rendered":"
The Capital Development Authority (CDA) on Thursday approved a reduction in property transfer fees and decided to restart the process for outsourcing solid waste management after terminating an ongoing procurement. The decisions were taken at the 3rd CDA Board meeting, chaired by CDA Chairman and Chief Commissioner Sohail Ashraf at the authority\u2019s headquarters. Board members, […]<\/p>\n","protected":false},"author":2,"featured_media":540902,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[4],"tags":[],"class_list":{"0":"post-540884","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-national"},"yoast_head":"\n