Two months into financial year, Capital Development Authority yet to announce annual budget
ISLAMABAD: The Capital Development Authority (CDA), which is launching one mega development project after another worth billions of rupees, seems oblivious to announcing its budget for fiscal year 2026-27. The civic body normally announces its budget in July every year. However, this time around, its annual budget has not yet been announced. On the other hand, it has continued to focus on…
The Capital Development Authority (CDA) in Pakistan has been actively launching large-scale development projects worth billions of rupees, but has yet to announce its budget for the fiscal year 2026-27. This delay in budget announcement comes despite the civic body's continued focus on development projects, including the construction of the New Islamabad Convention, Exhibition and Expo Centre (NICEEC) for which the lowest bid received was Rs37 billion.
The CDA had announced a Rs90.2 billion surplus budget for the previous fiscal year 2025-26, with a significant portion allocated to development and tourism-related projects. The agency is expected to present its budget before the board within a week, following a pattern similar to the federal budget presentation.
Brief written by urgent.news from Dawn - Pakistan's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
