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-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.

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