Sludge Series

Construction Permit For High-Rise From Capital Development Authority, Islamabad

It takes almost 3 years to seek approval of the CDA for the construction of a high-rise building. The biggest source of sludge comes from the NOC required from Civil Aviation Authority and the Environmental Protection Agency – the two agencies together take around 1.5 years (9 months each) to allow construction of a high-rise …

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Housing Finance

Primary Issue The banks are not used to extending mortgage finance – building capacity and introducing efficiency in the process will require bold initiatives, suitable legal framework (enacting and implementing foreclosure law in spirit and training bank staff). Sources of Sludge A major source of sludge is the ‘inspection of the property by the bank …

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