The auction was conducted under the supervision of Auction Committee Chairman and Financial Advisor/Member CDA Dr Fahad Haroon Aziz. As Pakistan Today reported, ever since the development of sector G-14 back in 2005-6 during the chairmanship of Kamran Lashari, the CDA has failed to develop another sector. Twice a year, CDA undertakes this exercise of selling pristine land under the guise of ‘grand auction’ which provides temporary relief for few months at best. At present, the CDA generates its revenue from multiple sources including property tax, water tax, billboard tax, transfer fees from plot and fees for map approval among others. However, the revenue generated through these sources is paltry and fails to meet the enormous needs of an organisation the size of CDA.

Source: Pakistan Today September 27, 2018 15:11 UTC