CDA achieves record revenue of Rs 52 billion in FY 2023-24

NationalCDA achieves record revenue of Rs 52 billion in FY 2023-24

ISLAMABAD, Pakistan: The Capital Development Authority (CDA) has achieved a record revenue of Rs 52 billion in the Fiscal Year 2023-2024, the highest revenue collection in CDA’s history.

The Chairman CDA Muhammad Ali Randhawa attributed this achievement to the special measures taken on the directions of Federal Minister for Interior Mohsin Naqvi. He said that in May and June, CDA collected Rs 7.9 billion.

Muhammad Ali Randhawa said that in the highest revenue of CDA was Rs 47.6 billion in the Fiscal Year 2021-2022 while the target for the Fiscal Year 2023-2024 was set at Rs 41.8 billion.

However, through effective strategies, CDA surpassed its target by 23%. He highlighted that instead of selling assets, the authority is focusing on alternative revenue sources to make it a financially stable organization.

The Federal Minister for Interior Mohsin Naqvi congratulated the Chairman CDA Muhammad Ali Randhawa, and his team on achieving the record revenue.

The minister stated that during the last two months the CDA team worked with dedication and commitment to exceed the target.

Mohsin Naqvi expressed hope that the authority will continue to focus on revenue generation with the same zeal in the current Fiscal Year 2024-25.

Mati
Mati
Mati-Ullah is the Online Editor For DND. He is the real man to handle the team around the Country and get news from them and provide to you instantly.

Must read

Recent News

President Zardari for collaborative efforts to ensure sustainable development

0
ISLAMABAD, Pakistan: President Asif Ali Zardari has called for collaborative efforts by the Eastern nations to ensure sustainable development and common prosperity through China’s...

Civil Society Organizations oppose a dummy Minorities’ Rights Commission

0
ISLAMABAD Pakistan: Observing fault lines in the bill moved as private member bill in the National Assembly on July 09, 2024, the participants of...

Imran Khan, Bushra Bibi acquitted in Iddat Case

0
ISLAMABAD, Pakistan: The former Prime Minister Imran Khan and his wife Bushra Bibi have been acquitted in the Iddat Case.The Additional District and Sessions...

IMF, Pakistan reach Staff-Level Agreement on 37-month EFF

0
The International Monetary Fund (IMF) and Pakistan have reached a staff-level agreement on a 37-month Extended Fund Facility Arrangement (EFF) of about US$ 7...

USD to PKR: USD Dollar Rate in Pakistan Today – 13 July 2024

0
The US Dollar (USD) was being bought and sold at Rs 279.00 and Rs 281.50 in the Open Market against the Pakistani Rupee (PKR)...
Advertisement