ISLAMABAD, Apr 09 (APP):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’s headquarters. Board members, including senior officials from administration, estate, environment, finance and engineering wings, attended …
CDA cuts property transfer fee, scraps waste outsourcing bid
ISLAMABAD, Apr 09 (APP):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’s 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.
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’s real estate market. Officials said the move was expected to support growth in the housing sector.
Speaking at the meeting, Sohail Ashraf emphasised the need to broaden the tax base instead of increasing property taxes in the federal capital.
In another key decision, the board approved the award of a contract for hiring creative consultants — described as “city curators” — to promote Islamabad as a cultural and tourism destination.
According to officials, all legal and procurement requirements for the hiring process had been fulfilled.
The chairman said the initiative would help improve landscaping, parks and green belts, and contribute to making the city more vibrant and attractive.
The board also reviewed the proposed outsourcing of solid waste management services under two packages.
Acting 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.
Sohail Ashraf said a more efficient and sustainable waste management system would be introduced following the review.
