Prime Minister Imran Khan has approved, in principle, the re-structuring plan of Capital Development Authority. 

The approval was made at a high-level meeting in Islamabad today (Monday) with Prime Minister Imran Khan in the chair.

The Prime Minister directed that the plan be presented before the next cabinet meeting for consideration and final approval.

The objective of restructuring is to introduce effective corporate governance model in the organization. 

Chairman CDA 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 meeting was informed that CDA was now on the verge of initiating development in stalled sectors, which would lead to creation of 23,000 housing units.

In this context PC-1 for I-11, I-14, I-15 and E-12 have been approved and development activity in E-12 will commence shortly.

Earlier, the Prime Minister was also briefed about the progress made towards review of the Master Plan of Islamabad.

The Prime Minister reiterated that preservation of green areas should be a priority keeping in view shrinking green lands and rapidly growing concrete structures in major cities. 

Kiani/Ghauri