Peshawar development authority assets to have longer lease

Board approves amendments in PDA Auction Regulation 2021

PESHAWAR:

Khyber-Pakhtunkhwa Chief Minister Mahmood Khan on Monday approved the proposed amendments in Peshawar Development Authority Auction Regulation 2021 with the purpose of enhancing the existing lease period of various PDA properties.

The properties include shops, open spaces, halls, commercial units, flats, parking space, restaurants, cafes, sasta bazars, wedding halls and petrol/CNG pumps, etc.

The 10th PDA board meeting was held at the Chief Minister House with Mahmood in the chair.

Provincial ministers Taimoor Salim Jhagra and Faisal Amin Gandapoor, MPA Peer Fida, Principal Secretary to CM Amjad Ali Khan, Local Government Secretary Zaheerul Islam, PDA DG Fayaz Ali Shah and other board members were in attendance.

In order to create a conducive environment for private investment and to implement the development initiatives in an efficient and sustainable manner, the board formally approved the proposals regarding dedevelopment of various PDA properties on a public-private partnership basis.

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The forum approved in principle the revised budget estimates for fiscal year 2021-22 and budget estimates for FY 2022-23 for the PDA.

The forum also approved the revised logo of New Peshawar Valley which is in coherence with public sector housing schemes.

Moreover, the board accorded approval regarding adoption of the revised pay scale 2022 and allowances already notified by the provincial government for the PDA employees.

Chief Minister Mahmood directed the PDA to chalk out an annual calendar for the auction of its properties.

He further directed the authority to streamline its affairs in accordance with contemporary needs, adding that the provincial government was working for the empowerment of autonomous institutions so as to minimise their fiscal dependence on the provincial government.

PDA also handed over a cheque of Rs7.5 million, contributed by the PDA employees to the Chief Minister's Flood Relief Fund.