ISLAMABAD: Federal Minister for Finance and Revenue Senator Ishaq Dar has urged the Capital Development Authority (CDA) officials to fast-track execution of housing projects for overseas Pakistanis.
He was chairing a meeting on the CDA’s development projects at the Finance Division. The meeting reviewed the progress on projects, especially those related to the expatriates. Participants were told the Capital Development Authority has initiated a number of short-term and medium-term housing projects for overseas nationals.
“One of these projects is in the completion phase and has been launched for registration,” it said. The minister emphasized the importance of overseas Pakistanis in the economic and financial development of the country and directed CDA authorities for fast track and early execution of housing projects for overseas Pakistanis.
He directed the officials to maintain international standards in these housing projects besides transparency through the online system. He directed authorities to extend maximum facilities in these projects to attract overseas Pakistan’s investment in the country.
Special Assistants to Prime Minister Tariq Bajwa and Tariq Pasha, finance secretary, members of CDA’s Planning & Design and Estate, and senior officers from the Finance Division attended the meeting. Earlier this week, the CDA chairman gave a detailed briefing on residential projects for overseas Pakistanis to Prime Minister Shehbaz Sharif.
The prime minister said the best facilities should be made available in these projects to bring them up to international standards. He called overseas Pakistanis as valuable asset. He said that the system for investing in the housing projects should be made transparent and automated and any kind of obstruction or interruption will not be accepted.
After the prime minister’s directives, the land has identified in Sector C-14 in Islamabad. The work on the two projects will be started immediately and completed in record time. The prime minister has started the initiative to bring foreign investment and to provide high-quality residential facilities to overseas nationals in the federal capital.