Punjab Chief Minister Maryam Nawaz Sharif has approved the establishment of the Asset Management Authority of Punjab (AMAP) to ensure comprehensive identification, management and optimal utilisation of the province’s assets, with the aim of improving transparency, governance and revenue generation.
The decision was taken during a meeting chaired by the chief minister to review the proposed legal framework and governance structure of the authority.
According to an official briefing, 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.
The meeting was informed that AMAP would prepare a comprehensive digital database of government assets and ensure their regular market valuation. The authority will also oversee site selection for asset transfers, prepare development and master plans, and manage the marketing, promotion and transaction design of transferred assets.
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 (PPP) and Joint Ventures (JV), will be utilised to maximise the value of provincial assets. The authority will also be responsible for preparing feasibility studies, contract management, project implementation, monitoring and evaluation.
