{"id":100093,"date":"2024-10-21T13:09:59","date_gmt":"2024-10-21T08:09:59","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=100093"},"modified":"2024-10-21T14:34:30","modified_gmt":"2024-10-21T09:34:30","slug":"pakistan-establishes-pidma-for-development","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/pakistan-establishes-pidma-for-development.html","title":{"rendered":"Centre approves setting up Pakistan Infrastructure Development &amp; Asset Management Authority"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Islamabad:\u00a0The federal government has approved the establishment of the Pakistan Infrastructure Development and Asset Management Authority (PIDMA) to enhance infrastructure development and asset management. The news was reported by a source on October 21.\u00a0<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Read: <\/strong><a href=\"https:\/\/www.zameen.com\/news\/saudi-arabia-pakistan-sign-bn-usd-deals.html\" target=\"_blank\" rel=\"noreferrer noopener\">Pakistan to sign USD 2 bn deals with Saudi delegation, PM announces<\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">As per details, this new authority will oversee critical projects, including motorways and national highways, while also creating a comprehensive data bank for government assets. Transitioning all personnel and assets from the dissolved Public Works Department (PWD) to PIDMA aims to streamline operations for federal initiatives, such as those by the Housing and Development Authority (HDA) and the National Highway Authority (NHA). PIDMA will ensure the timely execution of infrastructure projects, including bridges and government buildings, and will actively seek partnerships with the private sector to leverage their expertise and resources.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">One of PIDMA\u2019s primary objectives is to establish a detailed data bank that catalogs government properties, land, buildings, machinery, and equipment, which will enhance transparency in asset management. The authority will be governed by an 8-member board chaired by the secretary of the relevant ministry, with a Chief Executive Officer (CEO) appointed for three years to oversee its operations.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Read<\/strong>: <a href=\"https:\/\/www.zameen.com\/news\/european-rice-market-outshine-pak-exporters.html\" target=\"_blank\" rel=\"noreferrer noopener\">Pakistan dominates food safety, captures 25% of European Rice Market<\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Initially funded by the federal government, PIDMA is expected to generate its own revenue through licensing and registration fees in the future. By centralizing the management of development projects and assets, PIDMA is set to improve the efficiency of infrastructure initiatives across the nation, reflecting the government\u2019s commitment to fostering economic growth and contributing to national development.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad:\u00a0The federal government has approved the establishment of the Pakistan Infrastructure Development and Asset Management Authority (PIDMA) to enhance infrastructure development and asset management. The news was reported by a source on October 21.\u00a0 Read: Pakistan to sign USD 2 bn deals with Saudi delegation, PM announces As per details, this new authority will oversee critical projects, including motorways and national highways, while also creating a comprehensive data bank for government assets. Transitioning all personnel and assets from the dissolved Public Works Department (PWD) to PIDMA aims to streamline operations for federal initiatives, such as those by the Housing and Development Authority (HDA) and the National Highway Authority (NHA). PIDMA will ensure the timely execution of infrastructure projects, including bridges and government buildings, and will actively seek partnerships with the private sector to leverage their expertise and resources. One of PIDMA\u2019s primary objectives is to establish a detailed data bank that catalogs government properties, land, buildings, machinery, and equipment, which will enhance transparency in asset management. The authority will be governed by an 8-member board chaired by the secretary of the relevant ministry, with a Chief Executive Officer (CEO) appointed for three years to oversee its operations. Read: Pakistan dominates&hellip;<\/p>\n","protected":false},"author":89,"featured_media":99827,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15016],"tags":[59864,59866,56222,59863,59862,59865,54568],"persona":[],"class_list":["post-100093","post","type-post","status-publish","format-standard","has-post-thumbnail","category-new-developments","tag-asset-managment-authority","tag-motorways-and-national-highways-project","tag-news-and-updates","tag-pakistan-infrastructure-development","tag-pidma","tag-pidma-news-and-updates","tag-zameen-news","cat-15016-id"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Pakistan Establishes PIDMA for Development - Zameen News<\/title>\n<meta name=\"description\" content=\"The federal government approves PIDMA to manage infrastructure projects and government assets efficiently across Pakistan.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/pakistan-establishes-pidma-for-development.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Pakistan Establishes PIDMA for Development - Zameen News\" \/>\n<meta property=\"og:description\" content=\"The federal government approves PIDMA to manage infrastructure projects and government assets efficiently across Pakistan.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/pakistan-establishes-pidma-for-development.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; Pakistan Property News &amp; Latest Updates - Zameen News\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/ZameenPK\" \/>\n<meta property=\"article:published_time\" content=\"2024-10-21T08:09:59+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-10-21T09:34:30+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2024\/10\/News-Cover-1170x400-8.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1170\" \/>\n\t<meta property=\"og:image:height\" content=\"400\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Sabahat Abid\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@ZameenProperty\" \/>\n<meta name=\"twitter:site\" content=\"@ZameenProperty\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Sabahat Abid\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Pakistan Establishes PIDMA for Development - Zameen News","description":"The federal government approves PIDMA to manage infrastructure projects and government assets efficiently across Pakistan.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.zameen.com\/news\/pakistan-establishes-pidma-for-development.html","og_locale":"en_US","og_type":"article","og_title":"Pakistan Establishes PIDMA for Development - Zameen News","og_description":"The federal government approves PIDMA to manage infrastructure projects and government assets efficiently across Pakistan.","og_url":"https:\/\/www.zameen.com\/news\/pakistan-establishes-pidma-for-development.html","og_site_name":"Pakistan Real Estate News &amp; 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