Capital Development Authority (CDA) has curtailed non-development expenditure and will seek sustainable sources of income through a financial management system for timely completion of ongoing projects.
This was stated by CDA Chairman Tahir Shahbaz at the CDA Headquarters on Wednesday during a meeting with a 26-member delegation from Kashmir Institute of Management, Muzaffarabad, Azad Jammu and Kashmir. CDA board members and other senior officers were also present.
Estate Member Shaista Sohail said that CDA was responsible for the provision of basic civic amenities to residents of the federal capital. She said that a cost-effective policy had been adopted to execute projects so that dependency on government resources could be avoided. She said that on the directions of the chairman, the authority was implementing policies to overcome prevailing financial issues. CDA had not only decreased its non-development budget but was trying to generate income through other means, she added.
She said that CDA had taken concrete measures to control leakages in the water supply network and was installing new supply lines to overcome the water shortage.
Shaista also briefed the delegation about the function of the civic agency, its administrative structure and financial affairs.
