Thursday, September 24th, 2020
Home »Business and Economy » Pakistan » PM approves re-structuring plan of CDA
Prime Minister Imran Khan approved, in principle, re-structuring plan of Capital Development Authority (CDA) and directed that the plan be presented before the next cabinet meeting for consideration and final approval. The plan aims at restructuring of the development authority to make it efficient and improve its service delivery. It was explained that the object of restructuring is to introduce effective corporate governance model in the organization, said a press release issued on Monday.

The plan was presented during a meeting chaired by the Prime Minister at Prime Minister's office today. The meeting was attended by SAPM for Information & Broadcasting Dr Firdous Ashiq Awan, SAPM for Overseas Pakistani Zulfiqar Abbass Bokhari, Secretary Interior Major Azam Suleman Khan (retd), Chairman CDA Amer Ahmed Ali, Nayyar Ali Dada and other others.

The CDA chairman also presented the progress report of last six months and apprised the Prime Minister that for the first time, CDA's financial health has significantly improved with an available balance of approximately 11 billion rupees to be utilized for developmental activities.

The PM was informed that after devolution and creation of Metropolitan Corporation Islamabad (MCI), the primary role of the CDA remains the sector development. It was observed that the sector development had been stalled for last many decades.-PR

Copyright Business Recorder, 2019


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