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CAA earns record profit of Rs
7b
Rawalpindi—Civil Aviation Authority (CAA) has received a revenue
profit of Rs. 7 billion during the last fiscal year as efforts are
underway for restructuring, revamping and up-gradation of the
Aviation system to enhance performance in view of the advanced
technology. According to an annual performance report issued by the
Civil Aviation Authority (CAA) here, a multi-storey Aviation Tower
(AT) of international standard, equipped with latest and modern
facilities, with the estimated cost of Rs. 4.5 billion, would be
constructed in Blue area Islamabad, in which the airlines from all
over the world, operating in Pakistan would establish their offices,
said the report.
Meanwhile, the Director General CAA Farooq Rehmat Ullah, in view of
the revenues generated by the authority in the last financial year
has announced a package of bonus to award the officials irrespective
of grade and post, as three categories have been set in this regard
to give one to three months basic salaries to the officials on the
basis of their performance.
The outstanding officials would be given three basic salaries and
those having very good and good performance reports would be awarded
two and one month basic salaries respectively.
Besides the New Islamabad International Airport (NIIA) number of
mega development projects have been launched by CAA in different
parts of the country to help revamp and improved the structure in
view of the future needs and help facilitate of the passengers, as
besides commercial development sector, major emphasis has been on
improvement in regulatory & operational functions of CAA by
introducing and up gradation of present and new equipment systems.
The report further said that the new Islamabad International Airport
to be built outside the twin cities of Islamabad and Rawalpindi with
an estimated cost of US $ 250 to 300 Million, at an area of more
than 3,200 acres land, as 2,000 acres area would be utilized for
aviation related activities, while the rest 1,500 acres of land has
been earmarked for commercial development including construction of
4-star hotel, duty free shopping plaza, business center, food
courts, international convention center, shopping plaza, cargo
village and also other commercial and housing projects.—APP
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