Islamabad to Get 1,000-Acre World-Class Park as Govt Unveils Investor-Friendly Zero-Tax Hotel Policy
Wire desk byline Sourced from Xinhua, Dawn, Arab News, Anadolu and Minute Mirror. Translated and abridged by the GSRRA Desk.
Interior Minister Mohsin Naqvi on Tuesday chaired a meeting that decided that a new park covering 1,000 acres will be developed at the foothills of Margalla Hills in the Federal Capital.
Interior Minister Mohsin Naqvi on Tuesday chaired a meeting that decided that a new park covering 1,000 acres will be developed at the foothills of Margalla Hills in the Federal Capital.
During the meeting at CDA Headquarters, the ongoing and future development projects in the Federal Capital were reviewed in detail.
Mohsin Naqvi stated that Islamabad should be transformed into a model city where international-standard facilities and recreational opportunities are available to the public.
It was decided that five-star hotels would be constructed under joint ventures with internationally reputed firms.
Progress on a five-star hotel being developed in collaboration with EOBI was also reviewed.
The Interior Minister directed officials to formulate a new zero-tax hotel policy to attract investors.
The meeting also decided that a comprehensive survey of all land and properties in Islamabad will be conducted through the Survey of Pakistan.
The Interior Minister instructed that a dedicated marketing team be appointed for all future auctions to ensure maximum participation from investors.
It was further decided that the control room for Capital Emergency Services will be established within Safe City.
Chairman CDA and Chief Commissioner of Islamabad, Sohail Ashraf, gave a detailed briefing on development projects. It was informed that all CDA data and transfer systems are being digitized. A digital dashboard will be introduced under a one-window operation in CDA. Unnecessary posts within CDA will also be abolished.
Chairman Islamabad Sohail Ashraf, CDA members, the Additional Deputy Commissioner Islamabad, and other senior officials were also present at the meeting.
Reference Link:- https://www.app.com.pk/national/islamabad-to-get-1000-acre-world-class-park-as-govt-unveils-investor-friendly-zero-tax-hotel-policy/
Zamir Ahmed Awan is the founder and Chair of the Global Silk Route Research Alliance, a think tank in Islamabad. He studied engineering at Shanghai University in the 1980s, and years later he went back to China as Pakistan's science counsellor in Beijing, from 2010 until 2016, working on science and higher education cooperation between the two countries.…
