Islamabad: The Capital Development Authority (CDA) has repossessed a petrol pump in Sector F-6, citing consistent breaches of the lease agreement and unpaid dues totalling PKR 480 million, according to a news source on January 14.
As per the details, the site, previously leased to Pakistan State Oil (PSO) and Awan Associates, had been a subject of concern due to non-compliance with the lease terms over the span of 25 years. CDA officials reported that repeated warnings and notices were issued to address the violations and outstanding payments, but no corrective actions were taken. These breaches included deviations from the approved layout plan and the construction of unauthorised structures on the property. The CDA stated that the persistent lack of resolution left them with no alternative but to terminate the lease.
The reclaimed site was originally intended to generate revenue for welfare programs benefiting CDA employees in grades 1 to 16. The CDA Staff Welfare Committee has expressed support for the decision, highlighting its potential to improve resource allocation and enhance transparency.
The committee also voiced optimism about the site’s future use, advocating for its allocation through a fair and competitive bidding process. They believe this approach will maximise revenue, ensuring continued support for employee welfare initiatives.
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