FGEHA, FDHL sign MoU

Business Recorder reported that the Federal Government Employees Housing Authority (FGEHA) and Future Development Holdings (FDHL) agreed to jointly develop a residential scheme in Rawalpindi. Their memorandum covers about 2,000 kanals within Capital Smart City, with the project to proceed under a land-sharing arrangement.

The initiative is intended to add housing for federal government employees as well as the public, drawing on cooperation between the authority and a private company. At the signing, FGEHA Director General Capt Muhammad Zafar Iqbal (Retd) described Capital Smart City as a planned community with educational, health, recreational and commercial facilities. The report says the parties presented the agreement as a step towards delivering housing projects with an emphasis on quality, transparency and implementation.