CDA TO ACHIEVE TARGET OF RS 600M REVENUE BY END OF CURRENT FISCAL

[Salman]

Monday, February 02, 2015 - Islamabad—Capital Development Authority’s (CDA) Directorate of Municipal Administration has earned Rs 485 million revenues during the fiscal year 2014 which was almost double as compare to previous year’s corresponding period. It is expected that CDA would achieve a target of Rs 600 million at the end of the current financial year.

Talking to APP, Director General of DMA Hamza Shafqaat said that the authority has generated this revenue through different modes like Melody Food Park, Munal Restaurant, Auctions of parking of F-9 Park, Rawal Lake and Shakir Parian. He said on the directions of Chairman CDA, Maroof Afzal, Directorate of Municipal Administration (DMA) has introduced new reforms to increase its revenue generation through different mode of advertisements.

Chairman CDA has directed DMA to ensure implementation of reforms in revenue generation in a transparent manner so that revenue could be increased. He said that DMA has computerised its administration record including birth and death certificates to facilitate the residents of capital. Besides, DMA has carried out operation against the illegal kiosks and other encroachments and special anti-encroachment teams have demolished illegally constructed kiosks and encroachments in different sectors of the city.

Hamza Shafqaat said the Authority continues the operation against illegal Fiber Optic networks and excavation for networking purpose in the Federal Capital. He said that CDA would not allow its land for any kind of illegal networking of cables, adding that operation against the illegal excavation and networking of cables would carry on. The operation continues against illegal activities and to bring the fiber optics under the formal system of tax net to increase revenue generation for the Authority, he added.