LAHORE: CM Punjab has approved the establishment of AMAP, a newly proposed institution tasked with centralising the identification, management, and utilisation of the province’s assets. The decision was announced following a high-level meeting chaired by the chief minister on Monday.
According to officials familiar with the plan, the Asset Management Authority of Punjab (AMAP) will serve as the province’s primary regulatory body for government-owned land and public property, consolidating functions that have historically been scattered across multiple departments.
Its mandate will include overseeing the transfer, disposal, valuation, and marketing of provincial assets, with a particular focus on properties identified as having strong investment or privatisation potential.
To generate revenue, the authority is expected to employ a range of financial mechanisms, including leasing arrangements, rental agreements, public-private partnerships, and joint ventures. Officials said the approach is designed to maximise returns on underutilised government property while attracting private investment into asset development.
During the meeting, the chief minister directed relevant departments to accelerate revenue generation through the sale, lease, and collateral-based financing of provincial assets. She noted that the absence of a single, dedicated institution to regulate Punjab’s assets had left substantial public land vulnerable to illegal encroachment and mismanagement, underscoring the need for a more coordinated regulatory framework.
In terms of structure, AMAP will operate under a governing board headed by the provincial chief secretary, while daily operations will be managed by an officer of BPS-20 rank.
The authority will also induct private-sector professionals on a merit basis, reflecting an effort to bring specialised commercial expertise into asset management decisions.
Officials clarified that all major decisions regarding the transfer, valuation, or long-term management of assets will require formal approval from the provincial cabinet, adding an additional layer of oversight.
The move is seen as part of a broader push by the current Punjab administration to reform governance structures and improve fiscal discipline across state institutions.
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