{"id":70223,"date":"2020-09-08T15:22:59","date_gmt":"2020-09-08T10:22:59","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=70223"},"modified":"2020-09-08T15:23:01","modified_gmt":"2020-09-08T10:23:01","slug":"cda-gains-financial-stability-starts-returning-loan-to-govt","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/cda-gains-financial-stability-starts-returning-loan-to-govt.html","title":{"rendered":"CDA gains financial stability; starts returning loan to govt"},"content":{"rendered":"\n<p>Islamabad: The financial disciplinary measures introduced by the present administration of the Capital Development Authority (CDA) has succeeded in helping the latter achieve its sought financial stability \u2014 with CDA Chairman Amer Ali Ahmed recently approving the first instalment of PKR 350 million for the repayment of loans to the federal government, according to a news source published on September 8.<\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/pm-orders-cda-icta-control-islamabads-unplanned-expansion.html\" target=\"_blank\" rel=\"noreferrer noopener\">PM orders CDA, ICTA to control Islamabad\u2019s unplanned expansion<\/a><\/p>\n\n\n\n<p>A CDA spokesperson revealed that the repayment will be made by utilizing the authority\u2019s own budget for the (fiscal year) FY2020-21. He added that this loan instalment is payment for the Cash Development Loan that was granted to the authority (at a 7% fixed interest rate) in June 2016, worth PKR 5 billion.<\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/cda-begins-work-to-finalise-alignment-of-south-eastern-bypass-linking-rawat-with-bhara-kahu.html\" target=\"_blank\" rel=\"noreferrer noopener\">CDA begins work to finalise alignment of south-eastern bypass linking Rawat with Bhara Kahu<\/a><\/p>\n\n\n\n<p>Reportedly, the said Cash Development Loan is recoverable in 20 years with interest, after the expiration of a 5-year grace period for the recovery of the principal amount. During this 5-year grace period, only the interest amount has to be paid \u2014 with the principal amount expected to be paid with interest after the expiration of the grace period in 2020-21.<\/p>\n\n\n\n<p>Presently, the <a href=\"https:\/\/www.zameen.com\/news\/cda-announce-pending-built-up-property-award-7-sectors.html\" target=\"_blank\" rel=\"noreferrer noopener\">CDA<\/a> is on a path of achieving financial stability \u2014 with this development having resulted in the aforementioned decision to repay the PKR 350 million loan to the government.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: The financial disciplinary measures introduced by the present administration of the Capital Development Authority (CDA) has succeeded in helping the latter achieve its sought financial stability \u2014 with CDA Chairman Amer Ali Ahmed recently approving the first instalment of PKR 350 million for the repayment of loans to the federal government, according to a news source published on September 8. Read: PM orders CDA, ICTA to control Islamabad\u2019s unplanned expansion A CDA spokesperson revealed that the repayment will be made by utilizing the authority\u2019s own budget for the (fiscal year) FY2020-21. He added that this loan instalment is payment for the Cash Development Loan that was granted to the authority (at a 7% fixed interest rate) in June 2016, worth PKR 5 billion. Read: CDA begins work to finalise alignment of south-eastern bypass linking Rawat with Bhara Kahu Reportedly, the said Cash Development Loan is recoverable in 20 years with interest, after the expiration of a 5-year grace period for the recovery of the principal amount. During this 5-year grace period, only the interest amount has to be paid \u2014 with the principal amount expected to be paid with interest after the expiration of the grace period in 2020-21.&hellip;<\/p>\n","protected":false},"author":75,"featured_media":60265,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15016,15017],"tags":[21514,38882,38883],"persona":[],"class_list":{"0":"post-70223","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-new-developments","8":"category-notices-announcements","9":"tag-capital-development-authority-cda","10":"tag-cash-development-loan","11":"tag-cda-gains-financial-stability","12":"cat-15016-id","13":"cat-15017-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>CDA gains financial stability; 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