ISLAMABAD, JAN 12 /DNA/ – The Capital Development Authority (CDA) has canceled the lease of a petrol pump in Sector F-6, Islamabad, due to non-payment of dues by PSO and Awan Associates. After the cancellation of the lease, the CDA has taken possession of the petrol pump site.

According to the details, PSO and Awan Associates owed more than Rs. 480 million. Despite multiple notices, the companies failed to pay their dues. After serving several notices, the CDA took action and took possession of the petrol pump site.

Moreover, several violations were found on the petrol pump site, which were contrary to the agreement. The CDA had also issued notices for the removal of these violations, but they were not complied with. Due to non-compliance, the CDA canceled the lease and took possession of the site.

The CDA has decided to allot the petrol pump site through a transparent bidding process. In this regard, advertisements will be published in newspapers, and a committee headed by the DG Admin will be constituted to ensure transparency in the bidding process.

It is worth mentioning that the case related to the petrol pump site had been pending in the courts for a long time, but after effective follow-up, all cases have been disposed of.