{"id":78909,"date":"2021-08-20T11:21:39","date_gmt":"2021-08-20T06:21:39","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=78909"},"modified":"2021-08-20T11:23:08","modified_gmt":"2021-08-20T06:23:08","slug":"lda-governing-body-budget-fy-2021-22","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/lda-governing-body-budget-fy-2021-22.html","title":{"rendered":"LDA governing body approves development budget for FY 2021-22"},"content":{"rendered":"\n<p>Lahore: Chief Minister (CM) of Punjab Usman Buzdar on Tuesday (August 17) approved the Lahore Development Authority (LDA)\u2019s PKR 63.4 billion development budget for the fiscal year 2021-22, news sources reported. The decision was made during a meeting of the governing body, which was presided over by CM Buzdar.&nbsp;<\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/lahore-master-plan-consultation.html\">Lahore<\/a><a href=\"https:\/\/www.zameen.com\/news\/lahore-master-plan-consultation.html\" target=\"_blank\" rel=\"noreferrer noopener\"> <\/a><a href=\"https:\/\/www.zameen.com\/news\/lahore-master-plan-consultation.html\">master plan will be finalised in consultation with LCCI: LDA VC Imran<\/a><\/p>\n\n\n\n<p>Moreover, the sources also mentioned that the governing council also approved PKR 48.7 billion in amended budget projections for the fiscal year 2020-21.\u00a0It has been highlighted that the approved budget is also susceptible to modifications made by the departments of planning and development, finance, and housing. A breakdown of the budget for the development and non-development programmes for the fiscal year 2021-22 includes:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>PKR 9.4 billion is already available for the urban development wing (UDW), Water and Sanitation Agency (WASA) and Traffic Engineering &amp; Planning Authority (TEPA)<\/li><li>PKR 22.5 billion and PKR 41.4 billion to be received from the government as non-development, annual development programme and deposit work receipts<\/li><\/ul>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/tepa-shares-details-high-rise-buildings-approved-lahore.html\" target=\"_blank\" rel=\"noreferrer noopener\">TEPA shares details of high-rise buildings approved in Lahore<\/a><\/p>\n\n\n\n<p>The LDA, on the other hand, is expected to spend PKR 61 billion in the fiscal year 2021-22. The authority has set aside PKR 36.6 billion for urban development projects, PKR 24 billion for the Water and Sanitation Agency (WASA), and PKR 342 million for TEPA programmes and other development and non-development initiatives.<\/p>\n\n\n\n<p>The body has approved a six-month extension to the validity of a commission set up \u2018for the rights of bona fide purchasers and the issues related to illegal housing schemes\u2019. Moreover, PKR 500 million bridge financing for <a href=\"https:\/\/www.zameen.com\/news\/land-acquisition-lda-city-jinnah-sector-80.html\" data-type=\"post\" data-id=\"78471\" target=\"_blank\" rel=\"noreferrer noopener\">LDA City Naya Pakistan Apartments<\/a>, amendments to LDA building and zoning regulations 2019 and a few other proposals were also approved.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Lahore: Chief Minister (CM) of Punjab Usman Buzdar on Tuesday (August 17) approved the Lahore Development Authority (LDA)\u2019s PKR 63.4 billion development budget for the fiscal year 2021-22, news sources reported. The decision was made during a meeting of the governing body, which was presided over by CM Buzdar.&nbsp; Read: Lahore master plan will be finalised in consultation with LCCI: LDA VC Imran Moreover, the sources also mentioned that the governing council also approved PKR 48.7 billion in amended budget projections for the fiscal year 2020-21.\u00a0It has been highlighted that the approved budget is also susceptible to modifications made by the departments of planning and development, finance, and housing. A breakdown of the budget for the development and non-development programmes for the fiscal year 2021-22 includes: PKR 9.4 billion is already available for the urban development wing (UDW), Water and Sanitation Agency (WASA) and Traffic Engineering &amp; Planning Authority (TEPA) PKR 22.5 billion and PKR 41.4 billion to be received from the government as non-development, annual development programme and deposit work receipts Read: TEPA shares details of high-rise buildings approved in Lahore The LDA, on the other hand, is expected to spend PKR 61 billion in the fiscal year 2021-22.&hellip;<\/p>\n","protected":false},"author":84,"featured_media":75363,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[20385],"tags":[47627,47628,47626],"persona":[],"class_list":{"0":"post-78909","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-development-projects","8":"tag-lda-budget","9":"tag-lda-budget-approved-for-fy-2021-22","10":"tag-lda-governing-body-approves-budget-for-fy-2021-22","11":"cat-20385-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>LDA governing body approves budget for FY 2021-22 - Zameen News<\/title>\n<meta name=\"description\" content=\"Lahore: Chief Minister (CM) of Punjab Usman Buzdar on Tuesday (August 17) approved the Lahore Development Authority (LDA)\u2019s PKR 63.4 billion development\" \/>\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\/lda-governing-body-budget-fy-2021-22.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"LDA governing body approves budget for FY 2021-22 - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Lahore: Chief Minister (CM) of Punjab Usman Buzdar on Tuesday (August 17) approved the Lahore Development Authority (LDA)\u2019s PKR 63.4 billion development\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/lda-governing-body-budget-fy-2021-22.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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