CDA Board Hailed for Reducing Additional Storey Charges in Markets

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ISLAMABAD, August 27 (Online Int’l): The Islamabad Chamber of Commerce and Industry (ICCI) has lauded the decision of the CDA Board for accepting most of its demands with regard to reducing additional storey charges in markets, simplification of lease renewal procedure and amendment in industrial building bye-laws. It thanked Amir Ali Ahmed, Chairman, and all members of CDA, for taking business friendly decisions that would greatly facilitate in promoting business activities.

Muhammad Ahmed Waheed, President, Islamabad Chamber of Commerce & Industry said that a delegation ICCI had recently held a comprehensive meeting with the Chairman CDA and his team in which demands were made for reducing additional storey charges, simplifying lease renewal procedures and allowing multiple trades on industrial plots. He said that the Chairman CDA had assured to place these demands of the ICCI before the CDA Board for approval. He said that the CDA Board has approved most of the proposals of the ICCI, which was laudable. He further demanded that the CDA should now issue notifications of the decisions made by the CDA Board for their implementation, which would facilitate in promoting business activities.

Muhammad Ahmed Waheed said that at the request of ICCI, the CDA had allowed construction of an additional storey in the markets but their charges were made so high that it was impossible to build an additional storey. He said that on the demand of ICCI, the CDA Board has now reduced the charges for construction of additional floor by 50 percent, which was commendable. He said that ICCI has been calling upon the CDA since long for allowing multiple trades on industrial plots including information technology and now the CDA Board has allowed multiple trades on these plots including IT which will boost industrial activity in the region and stabilize the economy.

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