Islamabad: The Capital Development Authority (CDA) is considering a significant change in its project approval process, as reported on August 1.
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As per details, technical sanctions for projects are granted by respective technical formations, the financial sanctions are managed centrally by the finance wing. Recent developments reveal that the CDA’s current management is exploring a shift in this approach. The proposed change would allow technical members, such as the Member Engineering, to have authority over both technical and financial sanctions for projects. This move aligns with practices observed in the Communications and Works Department (C&W) of Punjab.
Sources within the CDA indicate that the aim is to streamline the project approval process and enhance operational efficiency. However, this proposal has raised concerns among some senior financial experts. They argue that centralizing financial sanctions could jeopardize transparency, auditing processes, and overall fairness in project evaluations. The matter was discussed in a recent CDA board meeting, where it was decided to conduct a thorough
study of financial rules from other institutions across the country.
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The CDA board has directed that the best financial practices, ensuring both efficiency and transparency, be adopted following this comprehensive review.