ISLAMABAD, Jul 18: The Capital Development Authority (CDA) and the Employees’ Old-Age Benefits Institution (EOBI) will jointly launch a series of development projects in Islamabad focusing on tourism, entertainment, the hospitality industry and other key sectors, following a high-level decision taken at a special meeting chaired by Interior Minister Mohsin Naqvi.
The meeting was attended via video link by Federal Minister for Overseas Pakistanis Salik Hussain, while EOBI Chairman Javed Sheikh, CDA Chairman Muhammad Ali Randhawa’s successor Chairman Sohail Ashraf, and senior officials from both organisations were also present.
The participants agreed to explore the combined resources and expertise of CDA and EOBI to undertake projects aimed at enhancing Islamabad’s tourism potential, expanding recreational facilities, strengthening the hotel industry and promoting investment in other development sectors.
To accelerate the initiative, CDA and EOBI have been tasked with preparing a comprehensive joint development plan within the next 15 days. The plan will identify priority projects, implementation strategies and investment opportunities.
A follow-up meeting, to be jointly chaired by Interior Minister Mohsin Naqvi and Overseas Pakistanis Minister Salik Hussain after the 15-day deadline, will review and finalise the proposed projects for Islamabad.
The meeting decided that once the projects receive final approval from Prime Minister Shehbaz Sharif, the two institutions will formally begin implementation of the joint development initiatives.
The move is being viewed as part of the government’s broader strategy to improve Islamabad’s tourism infrastructure, create new recreational destinations, support the hospitality sector and unlock the commercial potential of public assets through inter-agency collaboration.
