Minister Orders Operationalization of FGPMA at Earliest
Islamabad: Shaukat Tarin, adviser to the prime minister on finance and revenue, reportedly requested that the Federal Government Properties Management Authority (FGPMA) be made operational.
The authority is established to safeguard and administer federally and ministry-owned land around the country.
Read: Kingdom Valley Villas Islamabad
According to the information presented at the meeting, the administration issued an order to establish the FGPMA after receiving cabinet approval in July. The department’s formation, on the other hand, is time-consuming. In addition, the National Assembly (NA) has been handed the bill for the legal status of the newly formed department.
In addition, it was declared that the department’s major objective would be to protect, retrieve, and utilize state land in a manner that generates money and increases the property’s value.
As a result of the inability of several federal government entities to maintain the land, a major section of state land is currently subject to illegal occupation and encroachment.
According to the measure authorized for the establishment of the FGPMA, the authority’s actions will be immune from judicial review, and no authority action can be challenged in court. Similarly, the FGPMA can cancel or reschedule any project or mortgage assets with federal government consent.
For more updates, stay tuned to Sky Marketing News!
You can also invest in other famous and most in demand housing societies, such as , Blue World City, Rudn Enclave, 7 Wonders City Peshawar, Taj Residencia, Kingdom Valley, New Metro City Gujar Khan, Forest Town Rawalpindi, University Town Rawalpindi, ICHS Town, Park View City Islamabad, Multi Gardens B17 Islamabad and Nova City Islamabad.
Al Sadat Marketing please contact 0331 1110005 or visit https://alsadatmarketing.com/
Few more real estate housing schemes which are trending now a days in Islamabad by including: Faisal Town Phase 2, Prism Town Gujar Khan, New City Paradise, Eighteen Islamabad, 7 Wonders City Islamabad, Capital Smart City, Silver City Islamabad, The Life Residencia, Faisal Town Islamabad, Islamabad Golf City, Islamabad Model Town and Marble Arch Enclave.
Al Sadat Marketing is an emerging Real Estate Agency headquartered in Islamabad, Pakistan. With over 10+ Years of experience, Al Sadat Marketing is providing its services and dealing all trending housing societies projects in different cities of Pakistan. Islamabad Projects, Rawalpindi Projects, Gujar Khan Projects, Burhan Projects, and Peshawar Projects etc.
Book Your Plot Now: +92 331 111 0005