{"id":98242,"date":"2024-08-01T13:02:41","date_gmt":"2024-08-01T08:02:41","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=98242"},"modified":"2024-08-01T13:02:43","modified_gmt":"2024-08-01T08:02:43","slug":"cda-eyes-delegating-financial-sanction-powers","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/cda-eyes-delegating-financial-sanction-powers.html","title":{"rendered":"CDA eyes delegating financial sanction powers to technical roles"},"content":{"rendered":"\n<p>Islamabad:\u00a0The Capital Development Authority (CDA) is considering a significant change in its project approval process, as reported on August 1.<\/p>\n\n\n\n<p><strong>Read: <\/strong><a href=\"https:\/\/www.zameen.com\/news\/cda-plans-safari-park-capital.html\" target=\"_blank\" rel=\"noreferrer noopener\">CDA partners with UK firm to launch premier Safari Park in ISB<\/a><\/p>\n\n\n\n<p>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&#8217;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&amp;W) of Punjab.<\/p>\n\n\n\n<p>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 <\/p>\n\n\n\n<p>study of financial rules from other institutions across the country. <\/p>\n\n\n\n<p><strong>Read<\/strong>: <a href=\"https:\/\/www.zameen.com\/news\/cda-to-develop-vertical-housing-in-islamabad.html\" target=\"_blank\" rel=\"noreferrer noopener\">CDA chief tasked with vertical housing initiative in ISB<\/a><\/p>\n\n\n\n<p>The CDA board has directed that the best financial practices, ensuring both efficiency and transparency, be adopted following this comprehensive review.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad:\u00a0The Capital Development Authority (CDA) is considering a significant change in its project approval process, as reported on August 1. Read: CDA partners with UK firm to launch premier Safari Park in ISB 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&#8217;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&amp;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. Read: CDA chief tasked with vertical housing initiative in ISB The CDA board has directed that&hellip;<\/p>\n","protected":false},"author":89,"featured_media":98184,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15016],"tags":[58946,21514,319,1846,56222,54568],"persona":[],"class_list":{"0":"post-98242","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-new-developments","8":"tag-cw","9":"tag-capital-development-authority-cda","10":"tag-cda","11":"tag-cda-news","12":"tag-news-and-updates","13":"tag-zameen-news","14":"cat-15016-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>CDA eyes delegating financial sanction powers - Zameen News<\/title>\n<meta name=\"description\" content=\"The Capital Development Authority (CDA) is considering a significant change in its project approval process, as reported on August 1.\" \/>\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\/cda-eyes-delegating-financial-sanction-powers.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CDA eyes delegating financial sanction powers - Zameen News\" \/>\n<meta property=\"og:description\" content=\"The Capital Development Authority (CDA) is considering a significant change in its project approval process, as reported on August 1.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/cda-eyes-delegating-financial-sanction-powers.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=\"2024-08-01T08:02:41+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-08-01T08:02:43+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2024\/07\/CDA.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=\"1 minute\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"CDA eyes delegating financial sanction powers - Zameen News","description":"The Capital Development Authority (CDA) is considering a significant change in its project approval process, as reported on August 1.","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\/cda-eyes-delegating-financial-sanction-powers.html","og_locale":"en_US","og_type":"article","og_title":"CDA eyes delegating financial sanction powers - Zameen News","og_description":"The Capital Development Authority (CDA) is considering a significant change in its project approval process, as reported on August 1.","og_url":"https:\/\/www.zameen.com\/news\/cda-eyes-delegating-financial-sanction-powers.html","og_site_name":"Pakistan Real Estate News &amp; 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