The Punjab government has approved the establishment of another development authority to develop its posh neighbourhoods, with Chief Minister Usman Buzdar as the chairman.
The Lahore Central Business District (CBD) Development Authority will be set up under the Lahore Central Business District Development Authority Ordinance 2021 and the ordinance would also pave the way for the appointment of retired/serving military officers or civil servants as the director general of the authority.
As per the drafted legislation, the authority will have the power to acquire and hold property, both movable and immovable, and to carry out development in posh areas.
Though Lahore already has a development authority that is in charge of planning and development in the district, the new authority is said to be an autonomous body that is tasked with the commercialisation and promotion of vertical construction in the city.
According to Geo News, the idea of setting up a Central Business District in Lahore was first proposed by the Lahore Development Authority in 2009 for the development of Jail Road, Main Boulevard, M M Alam Road, Hali Road and Gulberg.
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