Development News

An Investment Proposal Submitted for Development of Islamabad Based on 1960’s Plan

Proposal shared for development of ISB as per 1960 plan-Realtorspk

Islamabad: A firm in Islamabad has submitted an investment proposal to complete the Master Plan of Islamabad according to the development plan 1960. The proposal was submitted by a private firm, aiming to generate a profit of over 2 billion dollars without sharing any expense with the government.

The offer was discussed thoroughly in the meeting of the National Assembly Standing Committee on BoI chaired by Zulfiqar Ali Bhatti. Mr. Bhatti said that all stakeholders should be taken on board before discussions on the approval of the plan. The stakeholders include CDA, the Ministry of Housing & Works, FGEHA and the local administration.

In the meeting, various other things were also discussed. Such Board of Investment (BoI) representative stated that the “One-Stop Shop” initiative was taken to facilitate stakeholders and investors during Special Economic Zones (SEZs) investment process.

The meeting attendees were told about creating a new portal, “Business-to-Business”, for CPEC. It will facilitate investors, and the portal will be linked to the Chinese Board of Investment. For the latest Real Estate News and Blogs, visit Realtorspk blogs.

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