LAHORE: The Lahore Development Authority (LDA) has recorded a 44% increase in revenue during the last fiscal year, collecting around Rs27 billion — the highest in its history. This achievement comes under the direction of Punjab Chief Minister Maryam Nawaz, who aims to financially strengthen public institutions.
According to LDA officials, this growth was made possible through the efforts of Director General Tahir Farooq. Compared to the fiscal year 2023-24, the Authority earned Rs8.1 billion more in 2024-25.
LDA earned Rs7.5 billion through land auctions and sales alone. In total, it held four auctions and three balloting events during the year.
The Town Planning Wing also played a major role by generating Rs12 billion, which is Rs4 billion more than the previous year. For the first time, it collected Rs1 billion in penalties from illegal commercial activities.
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- Land auctions and sales: Rs7.5 billion raised through four auctions and three balloting events.
- Town Planning Wing: Revenue climbed to Rs12 billion—Rs4 billion higher than a year earlier, including nearly Rs1 billion from fines on illegal commercial use.
DG Tahir Farooq said the Authority has made its procedures easier for businesses and is introducing corporate-style reforms under the Ease of Doing Business plan. He added that LDA will continue efforts to increase revenue in the new fiscal year.
Meanwhile, on DG’s instructions, the Town Planning Wing remained active in taking action against illegal commercial buildings and fee defaulters.
