ETPB Achieves Record Income of Rs. 1.095 Billion in Seven Months

Secretary of the Board, Farid Iqbal, expressed satisfaction with the progress, emphasizing the board’s commitment to further enhancing income levels.

LAHORE: Under the leadership of Chairman Arshad Frid Khan, the Evacuee Trust Property Board (ETPB) has achieved a milestone by collecting a record income of approximately Rs. 1.095 billion in the first seven months of the financial year 2023-24. This significant increase in income, garnered through lease and tenancy of agricultural areas, marks a remarkable achievement for the board.

The income collected during this period represents a substantial increase compared to previous years, demonstrating the effectiveness of the board’s strategies in revenue generation. The achievement also signifies the successful implementation of online billing and modern systems, which have contributed significantly to the boost in income and lease.

Secretary of the Board, Farid Iqbal, expressed satisfaction with the progress, emphasizing the board’s commitment to further enhancing income levels. Efforts are underway to meet the revenue targets set for the current financial year, with a target of achieving a 52% revenue rate compared to the recovery targets of Rs. 3.64 billion.

To ensure efficient expenditure management, three committees have been formed under the Central Procurement Cell, with Additional Secretary Admin appointed as their head. These committees will oversee all purchases to ensure compliance with rules and regulations and control expenditure effectively.

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In addition to revenue generation, the board has also received deposits of Rs. 6.56 million from tenants, reflecting their commitment to fulfilling financial obligations. The board remains dedicated to achieving the goals outlined in the annual budget, with regular updates and reports to be provided to the Ministry of Religious Affairs to ensure transparency and accountability in financial matters.

Overall, the ETPB’s achievement of record income in the first seven months of the financial year underscores its commitment to effective financial management and revenue generation, contributing to its mission of serving the community and managing properties entrusted to it with diligence and integrity.