Capital Development Authority laws hampering development, discouraging investment

Islamabad, February 17, 2015 (PPI-OT): Outdated laws and manual procedures in the Capital Development Authority (CDA) are hampering development of the Capital city and discouraging investors, a business leader said Tuesday.

Those who buy commercial lands worth tens of millions or billions are involved in petty matters like soil testing etc. which should be done by the CDA officials before selling the land, said founder President Islamabad Chamber of Commerce and Chairman of Chamber of Small Traders Dr. Shahid Rashid Butt.

Speaking to the business community, the veteran business leader said that CDA officials take years to approve the maps, design and plan of the building made by the professional engineers and architects approved by the Pakistan Engineering Council and the civic agency itself.

Whole system of the Building Control Cell of the CDA is in the hands of employees of the lower grades who ensure delay to get their palms greased by investors resulting in delays, disheartenment and increased cost of doing business, said Shahid Rasheed Butt.

He said that CDA must be bound to ensure all tests before selling land, make system automated and approve the layout plan etc. within one month to reduce corruption, cost of doing business and encourage investment.

This will make buying land easier, boost taxes and employment and cast down increasing trend of commercial activities in residential areas of Islamabad. Butt said that CDA would impose 18 percent extra charges on late payments but it would not pay any damages for delay on its part to those whose billions are kept blocked for years.

This is exploitation, double standards and discrimination which must be abandoned, he demanded. Those present on the occasion included President of the Chamber of Small Traders Kamran Abbasi, SVP Qazi Ilyas, President G-9 Raj Abbasi, President Aabpara Market Malik Zaheer Ahmed, Chairman Melody Market Masood Khokar and others.

For more information, contact:
Jahangir Akhtar
Secretary General
Islamabad Chamber of Small Traders and Small Industry
Office No, 9 Block E, Super Market, Islamabad
Cell: 0344-5111174