PM lauds CDA’s biggest land auction that raised Rs11.28 bn

Lauding the Capital Development Authority's (CDA) biggest plots' auction that raised Rs 11.28 billion, Prime Minister Imran Khan on Friday said that this reveals how much money has been lost in the past because of non-transparent, corrupt practices.

The prime minister took to his Twitter handle and said that CDA's biggest plots' auction results in highest ever return for CDA that is Rs 11.28 billion. The premier said that this return highlights two important facts.

"One, it is a vote of confidence in future of Pakistan's economy; two, it reveals how much money has been lost in the past because of non-transparent, corrupt practices," the PM added.

CDA's biggest plots' auction results in highest ever return for CDA - Rs 11.28 bn. This highlights 2 imp facts: One, it is a vote of confidence in future of Pakistan's economy; two, it reveals how much money has been lost in the past because of non-tranparent, corrupt practices.

— Imran Khan (@ImranKhanPTI) April 12, 2019

This week, the CDA held a four day auction of residential and commercial plots. In the first two days, the CDA auctioned 31 residential plots in developed sectors. In the last two days 23 out of 38 commercial plots put on auction were also sold. From this auction, the CDA has earned Rs 11.28 billion, which is called the most profitable in CDA’s history.