- October 20, 2024
- Posted by: Muhammad Afzaal
- Category: RBS News
Punjab, October 16, 2024: The Punjab Central District Development Authority (CBD) has leased a 4-kanal commercial plot for a petrol pump and food outlet for PKR 81 million annually.
Also Read: SFCA initiates first phase of Karachi Safe City project
According to details, initial bids from well-known businesses and business groups started at PKR46 million. Following an intense bidding process, a Grant was provided to Mr Imran Sultan of NSB Bearing PVT Limited for the 10-year petrol pump and food court site lease.
This site is the only one in the CBD Punjab Quaid District master plan to be earmarked for such use. A further addition to the interest is a prime location on Route 47. CBD Punjab Chairman Barrister Syed Azfar Ali Nasir, CEO Imran Amin, COO Brigadier Mansoor Janjua (retd), and other Board members also presided over the auction.
CBD is all set to diversify its portfolio by tapping into the region’s fuel services. The development will be a positive step for the company and the region’s commercial landscape. CEO of CBD, Mr Imran Amin, said,” This auction underscores our commitment to fostering economic growth by developing infrastructure that serves both commercial and community needs. The petrol station and food court will provide much-needed convenience for commuters and residents in the area.”
Also Read: LDA Seals Properties for non-payment of Commercialization Fee
Stay connected with RBS for more updates.