CDA auction results highlight confidence in country’s economic future, says PM Imran

ISLAMABAD: Prime Minister Imran Khan commended the results of an auction for plots by the Capital Development Authority, calling it an indication of the people’s confidence in the future of the country’s economy.

The premier, in a Twitter post, said the auction resulted in the highest-ever returns for CDA amounting to Rs11.28 billion, which was a vote of confidence in the future of Pakistan’s economy.

The auction results also revealed the extent of “non-transparent, corrupt practices” in the past, he added. 

“CDA’s biggest plots’ auction results in highest ever return for CDA – Rs 11.28 bn. This highlights 2 imp facts: One, it is a vote of confidence in future of Pakistan’s economy; two, it reveals how much money has been lost in the past because of non-transparent, corrupt practices,” he tweeted.