CDA to approve Rs59 billion surplus budget today.

ISLAMABAD -- The Capital Development Authority (CDA) is going to present its biggest ever surplus budget amounting Rs59 billion for financial year 2020-21 on Wednesday (today).

The formal approval of the budget would be given by the CDA board in its meeting, which is going to be held under the chairmanship of authority's incumbent head Amir Ali Ahmed.

Sources informed that the CDA has earmarked a huge amount of Rs24 billion for the development projects while Rs12 billion would be spent on non-development expenditures i.e. salaries and pensions of the employees.

While following the footsteps of federal government, the city managers have also decided to not increase the pays and pensions of its employees this year. An amount of Rs1.5 billion is also allocated for the compensations to be paid to land affectees of the capital city while allocations for the 7th Avenue Interchange on Aabpara Signal at Kashmir Highway, additional blocks at CDA Hospital, extension of Islamabad Expressway, operation of Metro Bus Service from Peshawer Morr to New Islamabad International Airport.

An amount of Rs4 billion...