March 18, 2022: Prime Minister Imran Khan on Thursday said that there were massive investment opportunities available for overseas Pakistanis to make safe investments in Central Business District (CBD) and Ravi Urban Development Authority (RUDA) projects.
The prime minister, chairing a meeting to review progress on the projects, said record revenue of Rs. 57.88 billion had been generated during two auctions of commercial plots in CBD.
Appreciating the efforts of CBD team, the prime minister said the government had targeted dead capital, lying unutilized throughout the country and had converted it into sustainable revenue generating initiatives.
He viewed that unplanned and unmanaged urban sprawl would affect food security where green areas were being converted to housing and commercial areas.
He said that government was adopting environment friendly approach for new urban projects to cater for residential and commercial requirements as well as preserving green areas.
The prime minister directed the Punjab government to take legal action against illegal housing societies, selling land in flood plains thereby risking the lives and investments of the general public.
Earlier, the meeting was briefed about progress of CBD and RUDA projects including Lahore’s first Downtown auctions, captive power plant construction, Chahar Bagh, Rakh Jhok National Park, RUDA Technology Park, 10,000 apartments District, dedicated for overseas Pakistanis, waste water treatment plant and other amenities.
