Islamabad: Shaukat Tarin, the Prime Minister’s Adviser on Finance and Revenue, asked the necessary authorities to functionalize the Federal Government Properties Management Authority (FGPMA) on Wednesday (November 17), according to news reports. The authority was established to protect and manage federal government and ministry-owned properties around the country.
The meeting was informed, according to the information, that the government issued an order for the foundation of the FGPMA following cabinet approval in July. The department’s formation, on the other hand, takes time. The bill establishing the legal status of the newly formed department has also been sent to the National Assembly (NA).
The department’s principal purpose, it was also declared, would be to protect, retrieve, and use state land in a way that generates money and increases the property’s value. The department was created when several federal government entities failed to safeguard the property, resulting in a major chunk of state land being occupied and encroached upon illegally.
According to the bill authorised for the foundation of the FGPMA, the authority’s acts would have legal protection against the courts, and no act of the authority will be challenged in a court of law. Similarly, with the agreement of the federal government, the FGPMA can cancel or re-plan any project or mortgage asset.