CDA board approves record Rs152bn budget for fiscal year 2026-27
ISLAMABAD: The Capital Development Authority (CDA) on Tuesday finally approved its Rs152 billion budget for the fiscal year 2026-27, the highest in the history of the civic agency. CDA board, which met with Chairman Sohail Ashraf in the chair, approved the budget with a major chunk going to development projects. According to the budget documents, Rs112 billion has been earmarked for new and…
On Tuesday, the Capital Development Authority (CDA) in Islamabad approved its record-breaking budget for the fiscal year 2026-27, amounting to Rs152 billion. This is the highest budget ever allocated for the civic agency. The board, chaired by Sohail Ashraf, approved the budget with a significant portion directed towards development projects. Rs112 billion has been allocated for new and ongoing development works, while Rs40 billion is set aside for non-development expenses.
The CDA anticipates receipts of Rs152.5 billion, with 74% coming from self-financing sources such as the auction of commercial and residential properties, 19% from revenue receipts, and 7% as an opening balance. Out of the total budget, Rs112 billion will be spent on development-related projects, 24% on non-development, and 2% on Metropolitan Corporation Islamabad (MCI).
For 26 priority projects, Rs55 billion will be allocated, while Rs16 billion will be utilized for 63 new projects, including sector development, infrastructure, sewerage, and metro buses. Additionally, Rs13.5 billion is earmarked for 246 ongoing works, Rs7 billion for pending liabilities, and Rs19 billion for lump-sum provisions.
Last year, CDA had allocated Rs90.2 billion, with an expectation of Rs47.7 billion from self-financing receipts. Tourism-related projects, including a Zipline, safari park, and cricket stadium near Sector D-12, were also earmarked, but these projects did not materialize. While the new projects in the upcoming budget were not disclosed, sources suggest several additional schemes are part of the development plan.
Comparing this year's Rs152 billion budget with last year's of Rs90.2 billion, the budget has increased by 68%. The CDA primarily meets its expenditure through auctions of commercial plots, as it struggles to generate regular revenues beyond its land bank. The CDA board also approved the bid for package-II of cleanliness and garbage collection contracts, which will be outsourced to the Losar landfill site in Rawalpindi for four years.
Furthermore, the board approved the allotment of 10 extra acres of land for Daanish School Kuri, which will be acquired using the balance amount already available with the CDA.
Written by urgent.news from Dawn - Pakistan's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
