Faisalabad 16 Oct 2026 (DIGITAL ITLA): Under directives from Director General Faisalabad Development Authority (FDA) Muhammad Asif Chaudhry aimed at strengthening financial sustainability, FDA has generated PKR 290 million in revenue through an open auction of 13 commercial properties.
The auction took place at the FDA Complex under the supervision of an auction committee led by Director Estate Management-I Junaid Hasan Munj. The event witnessed high participation from local investors and buyers bidding for prime commercial plots.
The auctioned properties included 10 commercial shops (4.5 marla category) in Millat Town, a 14-marla plot in Sir Syed Town-3, and two utility sites allocated for education and healthcare amenities within private housing schemes.
DG FDA Muhammad Asif Chaudhry stated that optimizing asset management and diversifying revenue streams remain key to funding ongoing civic infrastructure projects in Faisalabad. He added that FDA remains committed to financial transparency, operational efficiency, and public service delivery.
Latest Posts
