Post Reply 
 
Thread Rating:
  • 0 Vote(s) - 0 Average
  • 1
  • 2
  • 3
  • 4
  • 5
CDA to auction petrol pump site to boost ‘welfare funds’
01-10-2013, 01:28 PM
Post: #1
CDA to auction petrol pump site to boost ‘welfare funds’
ISLAMABAD: Six years after its closure, the Capital Development Authority has finally decided to reopen a petrol pump to generate funds for the welfare of poor employees.

In a recent board meeting, the CDA decided to reopen the facility by holding an open auction.

The board has directed the administration member to prepare a summary for the disposal of the asset through an open auction after consulting the law wing to address the legal complication if any, and present the report in the upcoming meeting.

In the early 70s, the CDA Staff Welfare Committee (SWC) had purchased two sites for petrol pumps in sectors F6/1 and G6/4 respectively.

In 1973, the CDA had rented out the land in G6/4 against Rs 1,000 per month to SM Ismail for a period of 30 years and the other plot was disposed of at Rs 1,500 per month to the Pakistan State Oil in 1975.

The petrol pump on Embassy Road was closed since 2006 after the tenant moved the court against the increase in the rent. The unreasonable delay in the reopening of the station incurred a huge loss to the Staff Welfare Fund.

Due to the closure of the petrol pump, the requests for assistance from deserving employees had been piling up with the Staff Welfare Committee, headed by the administration director general.

The controversy started after the CDA Board decided in August 2000 to conduct an open auction for both the sites.

After the CDA decided to vacate the site in December 2002, SM Ismail moved the court. Finally, in 2006, on SWC’s request, the Supreme Court ruled for an open auction of the property.

Following this, the CDA received the highest bid of Rs 800,000 from Ghiasuddin Khan for the G6/4 site but it could not be handed over to the bidder.

In the advertisement, the CDA had invited parties to rent out `running petrol pump on Embassy Road’ despite the fact that the previous tenant had installed the equipment.

Meanwhile, the tenant repeatedly requested the CDA for an out-of-court settlement.

CDA Mazdoor Union Secretary General Chaudhry Yasin said, “We have asked the CDA to either run the outlet themselves or decide to dispose it of through an auction to generate revenue.” He added that the CDA was bearing a loss of Rs 250,000 per month due to this delay. app
Visit this user's website Find all posts by this user
Quote this message in a reply
Post Reply 


Possibly Related Threads...
Thread: Author Replies: Views: Last Post
  NADRA and FBR Forge Alliance to Expand Tax Base and Boost Revenue LRE-Azan 0 132 01-20-2024 02:14 PM
Last Post: LRE-Azan
  Funds Approved for Various Development Projects, Including Link Road Interchange in K LRE-Azan 0 181 01-01-2024 02:03 PM
Last Post: LRE-Azan
  DHA Quetta Announces Inauguration of Operational Site Office for Enhanced Community E LRE-Azan 0 200 11-14-2023 02:57 PM
Last Post: LRE-Azan
  CBD CEO inspects on-site strategic development initiatives LRE-Azan 0 198 11-13-2023 06:50 PM
Last Post: LRE-Azan
  SBP & CDC Launched RAAST Payments Facility For Mutual Funds LRE-Azan 0 262 11-02-2023 06:37 PM
Last Post: LRE-Azan
  RAAST Online Funds Transfer Service to be Unavailable on Sunday LRE-Azan 0 330 09-02-2023 02:48 PM
Last Post: LRE-Azan
  Islamabad Fails to Find Permanent Landfill Site, Consultant Engaged January,21,2023 LRE-Azan 0 695 01-21-2023 01:18 PM
Last Post: LRE-Azan
  Islamabad: CDA Built a New Temporary Dumping Site in Sector H-16 LRE-Azan 0 1,012 11-02-2021 06:38 PM
Last Post: LRE-Azan
  CPEC will Qualify Pakistan to Boost trade with European countries LRE-Azan 0 3,917 11-01-2017 02:10 PM
Last Post: LRE-Azan
  Thursday, February 20, 2014 - Karachi—Danish Ambassador visited DHA City Site Karachi Salman 0 5,243 02-20-2014 01:52 PM
Last Post: Salman
  Foreign investment to boost economy, generate employment; PM Salman 0 3,800 02-11-2014 12:22 PM
Last Post: Salman
  PM Nawaz visits Solar Energy Park project site in Bahawalpur Salman 0 4,574 02-06-2014 12:54 PM
Last Post: Salman
  Commander 5 Corps visits DCK project site Salman 0 3,892 02-04-2014 12:16 AM
Last Post: Salman
  CDA earns Rs1.88b on second day of auction Salman 0 5,174 11-22-2013 05:21 PM
Last Post: Salman
  Kashmir Highway project: Instead of receiving funds, CDA conducting inquiry Salman 0 7,986 10-31-2013 11:58 AM
Last Post: Salman
  Illegitimate Allocation Of Rs 1 Billion Funds For Progression Of Kachi Abadis Salman 0 7,480 09-04-2013 08:37 PM
Last Post: Salman
  Motorways funds diverted to big bosses areas, PM informed Salman 0 5,901 07-19-2013 12:13 PM
Last Post: Salman
  CM Punjab To Release Funds For Renovation Of Gawalmandi Food Street Salman 0 4,568 05-10-2013 11:27 AM
Last Post: Salman
  Funds for NHA schemes slashed to Rs 9 billion Salman 0 3,393 05-02-2013 11:30 AM
Last Post: Salman
  CDA set to auction plots Salman 0 4,152 03-25-2013 06:25 PM
Last Post: Salman

Forum Jump:


User(s) browsing this thread: 1 Guest(s)