Islamabad: The Capital Development Authority (CDA) has expressed its willingness to consider a proposal for multiple uses of industrial plots, a news source reported. If accepted, industrialists will be able to carry out multiple lines of trade on a single industrial plot.
The CDA Chairman and Islamabad Capital Territory (ICT) Chief Commissioner Aamer Ali Ahmed made an announcement to this effect. He was meeting with a delegation of businessmen. The Islamabad Chamber of Commerce & Industry (ICCI) President, Ahmed Hassan Moughal, informed the CDA chairman about the businessmen’s issues.
Moughal stated that CDA’s provision of extended lease on commercial property (spanning between 33 to 99 years) was not being implemented. He added that the process of securing a No-Objection Certificate (NOC) for renewing the lease also posed a major hurdle. In response, the CDA chairman ensured that his agency would look into streamlining the lease-renewal process.
Moving forward with the meeting, Moughal then proposed allowing industrialists to conduct multiple trades on a single industrial plot. Ahmed responded that CDA will consider this recommendation if it were put forward by the ICCI.
The meeting also discussed the flow of traffic around the commercial buildings in the capital. The CDA chairman said that the authority will invite the input of the business community during the revision of the city’s master plan.
