CDA, Controller General of Accounts sign MoU

Islamabad:A Memorandum of Understanding (MoU) was signed between the Capital Development Authority (CDA) and the Controller General of Accounts (CGA) at the CDA Headquarters, to further enhance the transparency, stability, digitisation and cashless system of CDA's financial management.

The objective of the MoU is to implement a comprehensive asset management system in CDA through SAP an internationally recognised Enterprise Resource Planning (ERP) platform. Under the MoU, SAP will be utilised to streamline various functions, including budgeting, accounting, payroll running, procurement, inventory, and fixed asset tracking. This system will facilitate real-time data processing, centralized reporting and stronger internal financial controls.

It is important to note that CDA’s Finance Wing has adopted a phased approach for SAP implementation, beginning with system design followed by data management staff training and full operational rollout. Furthermore, the digitisation of CDA’s financial matters through SAP will make financial regulations more transparent and efficient. Similarly, timely audits will help promptly address any financial irregularities.

SAP will also establish a digital financial dashboard for CDA, enabling a review of the financial system as well as the performance of relevant officers. On this occasion, Chairman CDA Muhammad Ali Randhawa stated that signing the MoU with the Controller General of Accounts (CGA) is part of CDA’s broader vision to strengthen, modernize and stabilize the authority’s financial system through advanced digital technology. This will not only improve CDA’s performance but also enhance public service delivery.

Randhawa further said that work is progressing rapidly on the project to make Islamabad Pakistan’s first fully digital city. For this purpose not only will all available resources be utilized but CDA will also ensure all payments in Islamabad are made digitally under a cashless system for which a QR code system will be introduced. This will allow citizens to benefit from CDA’s facilities from home while saving time.