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LAHORE: Chief Minister Maryam Nawaz on Monday approved the establishment of the Asset Management Authority of Punjab (AMAP) to ensure identification, management and utilisation of the province’s assets, with the aim of improving transparency, governance and revenue generation.
The decision was made in a meeting presided over by the CM.
The new authority will be responsible for the identification, management, transfer, disposal, payments and marketing of provincial assets.
It will serve as a central institution for managing government-owned land and other public assets, covering all matters from land administration to leasing and sale. Government properties with investment and privatisation potential will be identified on a priority basis. Various financing and development models, including leasing, rental arrangements, public-private partnerships and joint ventures, will be utilised to maximise the value of provincial assets.
