Leasing of RMC building to generate Rs2.5 million revenue

bank investment

Rawalpindi: After the takeover of RMC affairs by bureaucracy, the remaining two storeys of the Rawalpindi Municipal Corporation (RMC) have been leased for Rs850,000 monthly.

The former mayor had planned to rent the vacant building for fund generation for the civic body.

Three of the building floors had been approved for renting at Rs1.6 million last week. Now however the total monthly rent generation would be Rs2.2 million. Post auction for renting the building has been completed which will bring the civic body Rs2.5 million monthly.

Divisional Commissioner Joudat Ayaz has asked the officials from the civic body to initiate work on the preparation of budget for development projects to start.

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