Islamabad: Amid pending litigation issues, the Capital Development Authority (CDA) has yet to recover Rs 9.5 billion from the auction of commercial and residential plots.
Thirty-eight residential and 35 commercial plots were auctioned in 2013 and 2014, but the successful bidders moved the courts for various reasons because of which the authority could not recover the unpaid amount, according to a news source.
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Zain Nadeem
Zain Nadeem is a Deputy Editor at Zameen Media (Pvt) Ltd. You can also find and follow him on Google+