• Advertise
  • Contact Us
  • Daily The Business
  • Privacy Policy
Friday, December 5, 2025
Daily The Business
  • Login
No Result
View All Result
DTB
No Result
View All Result
DTB

Financial woes: KDA likely to auction off its lands

November 17, 2025
in Pakistan
Financial woes: KDA likely to auction off its lands
Share on FacebookShare on TwitterWhatsapp

KARACHI: Karachi Development Authority (KDA) is prepared for auction of its land in various localities of the city to make up the financial deficit leading to many financial issues, including difficulty in payment of the employees’ salaries, dues of the retired employees, and due taxes.

Talking to media, KDA Spokesman S M Jameel, quoting KDA DG Asif Jan Siddiqui, said that approval for the planned auction will soon be sought from the Sindh government.

He elaborated that the representatives of the KDA Union will be included in the auction committee to make the auction widely recognised. He said the citizens of Karachi will benefit from the auction. All necessary steps are being taken to ensure the earliest possible transfer of the ownership rights to the citizens emerging successful in the auction process.

He informed that DG KDA, while presiding over a high-level meeting recently, said that all possible steps will be taken to make the institution financially stable that is inevitable for provision of better facilities to the employees.

The meeting was attended by Member Administration Shakeel Siddiqui, Senior Director Land Jamil Ahmed, Director Land Murad Abbasi, and Director Recovery Arif Shah, Director Estate and Enforcement Muhammad Meraj and other executive engineers.

The concerned executive engineers were directed to immediately prepare a complete list of KDA lands for the auction, which will include photographs of plots and other necessary details.

After the approval of the auction from the Sindh government, the auction can be carried out in a transparent manner and strictly in accordance with the rules and regulations.

He referred to the Director General who issued instructions that under second phase an aggressive and coordinated action plan be prepared to reclaim those lands which are encroached upon and even constructions are made there. After vacating, these plots will also be auctioned through same very transparent and credible way.

Copyright media, 2025

Share15Tweet10Send
Previous Post

Babar Azam Becomes Pakistan’s Highest Run-Scorer in 100 Innings

Next Post

Afghanistan seeks to cut economic dependence on Pakistan

Related Posts

‘Who do you think you are?’: DG ISPR lashes out at Imran’s ‘anti-army rhetoric’
Pakistan

‘Who do you think you are?’: DG ISPR lashes out at Imran’s ‘anti-army rhetoric’

December 5, 2025
President Zardari Grants Two-Year Extension to Air Chief Zaheer Ahmad Babar Sidhu
Pakistan

President Zardari Grants Two-Year Extension to Air Chief Zaheer Ahmad Babar Sidhu

December 5, 2025
HRCP condemns police action against Aurat March activists in Karachi, urges authorities to respect people’s access to civic spaces
Pakistan

HRCP condemns police action against Aurat March activists in Karachi, urges authorities to respect people’s access to civic spaces

December 5, 2025
“Pakistan Will Now Soarto Greater Heights,” Field Marshal Syed Asim Munir
Pakistan

“Pakistan Will Now Soarto Greater Heights,” Field Marshal Syed Asim Munir

December 5, 2025
SHC orders ECP to conduct fresh interviews to appoint law director
Pakistan

SHC orders ECP to conduct fresh interviews to appoint law director

December 5, 2025
Move to revive Basant in Punjab faces first legal challenge
Pakistan

Move to revive Basant in Punjab faces first legal challenge

December 5, 2025

Popular Post

  • FRSHAR Mail

    FRSHAR Mail set to redefine secure communication, data privacy

    126 shares
    Share 50 Tweet 32
  • How to avoid buyer’s remorse when raising venture capital

    33 shares
    Share 337 Tweet 211
  • Microsoft to pay off cloud industry group to end EU antitrust complaint

    54 shares
    Share 22 Tweet 14
  • Capacity utilisation of Pakistan’s cement industry drops to lowest on record

    47 shares
    Share 19 Tweet 12
  • SingTel annual profit more than halves on $2.3bn impairment charge

    47 shares
    Share 19 Tweet 12
American Dollar Exchange Rate
  • Advertise
  • Contact Us
  • Daily The Business
  • Privacy Policy
Write us: info@dailythebusiness.com

© 2021 Daily The Business

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Advertise
  • Contact Us
  • Daily The Business
  • Privacy Policy

© 2021 Daily The Business

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.