FDA Board of Governors approves balanced budget of Rs 2.99 billion for fiscal year 2026-27

Faisalabad 9 Oct (DIGITAL ITLA): The Board of Governors of the Faisalabad Development Authority (FDA) held a meeting under the chairmanship of Commissioner Faisalabad Division Dr. Imran Hamid Sheikh, who was elected to chair the session. The board unanimously approved a balanced budget of Rs 2.99 billion for the fiscal year 2026-27, alongside the revised budget for 2025-26.

Director General FDA Muhammad Asif Chaudhry presented the budget estimates and agenda items during the meeting. The session was attended by the Deputy Commissioner of Faisalabad, representatives from the Punjab Planning & Development, Housing & Urban Development, Local Government, and Finance departments, as well as Chief Engineer FDA Mehr Ayub and other directors.

Briefing the participants, DG FDA Muhammad Asif Chaudhry stated that the budget allocates Rs 1.56 billion for development purposes and Rs 1.24 billion for non-development expenditures, with Rs 19 million included as an opening balance. He noted that the agreement to sell 284 plots in FDA City to FESCO has significantly strengthened the institution's financial stability.

During the meeting, the adoption of various Punjab government notifications regarding salaries and pensions was approved, alongside the implementation of a three-month trial period for Saturday holidays in FDA offices. It was also decided to refer the regularization of workman employees' salaries to the Punjab Finance Department for technical, financial, and legal evaluation, while land-use conversion for 21 kanals of land in Block F, Millat Town, was approved to establish an Autism Center for special children under the Special Education Department.

Commissioner Dr. Imran Hamid Sheikh lauded the FDA administration's efforts toward financial stability and commended the land deal with FESCO. DG Muhammad Asif Chaudhry reiterated the authority's commitment to transparent fund utilization, institutional growth, and improved public service delivery.