Karachi: According to news reports, Director General (DG) of the Karachi Development Authority (KDA) Nasir Abbas Soomro led anti-encroachment operations around the city and reclaimed 500 commercial properties worth PKR 7 billion from unlawful land grabbers.
During the financial crisis, KDA embarked on a state land recovery operation in order to create cash. The idea for the sale of these freshly reclaimed prime commercial plots has already been approved by the KDA’s governing board. The sale of 60 commercial plots on prime land is expected to generate PKR 2 billion, according to the source.
It’s worth noting that the current KDA DG took over eight months ago on the orders of the Sindh High Court, and has already begun to manage the finances while the organization battles to pay its debts and staff. The provincial government has so far granted monies to the KDA to assist it in paying off its debts. Following the auction of plots confiscated in an anti-encroachment drive, it is thought that the organization will be able to become self-sufficient.
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The KDA began an anti-encroachment effort near the Gujjar Nullah in June 2021, following Supreme Court orders, to control rainwater during the monsoon.