FAISALABAD, Oct 10 (DNA): On the directives of Director General Faisalabad Development Authority (FDA) Muhammad Asif Chaudhary, the Finance Directorate is being fully digitized, like other departments of the FDA to ensure complete transparency in accounting entries, collection of various fees and dues, office expenditures, and other financial transactions.
This step would also enable FDA to handle official matters more swiftly and efficiently, FDA spokesman said here on Saturday.
He said that in this connection, a meeting was held under the chairmanship of FDA Additional Director General Qaiser Abbas Rind while Director IT Yasar Ejaz Chattha, Deputy Director IT Abdullah Noor, Deputy Directors Finance Afzal Ansari and Adnan Shehzad, along with other officials of the Finance Directorate were also present on the occasion.
During meeting, the Additional Director General highlighted the requirements of financial management in accordance with international standards and emphasized that it was essential to keep financial matters free from all kinds of deficiencies, irregularities, and unnecessary delays.
He stated that leveraging modern technology was an urgent necessity in this regard.
He said that the development of modern software aligned with future requirements could make the monitoring of financial affairs, maintenance of records and management of various financial activities more efficient and reliable. For this purpose, the services of relevant technical experts would be engaged.
He directed the Finance Directorate officials to formulate comprehensive proposals for the digitalization of financial operations and identify the problems, shortcomings, and areas for improvement in the existing system.
He further instructed them to develop a practical roadmap for the development of modern software.
He emphasized that special attention should be given to integrating the systems for recording income and expenditure, collecting outstanding dues, maintaining payment records, monitoring the budget and preparing financial reports within the proposed software.
Qaiser Abbas Rind further directed the officials to establish an effective mechanism for ensuring that all financial records remained accurate, complete and updated in a timely manner. This would enable officers to access the required information promptly and make financial decisions based on reliable data, he added.
He also stressed the need to introduce a digital mechanism that would ensure transparency and accountability in the financial system by maintaining a complete record of every financial transaction and enabling effective monitoring of all related activities.
FDA Additional Director General said that the implementation of a modern financial management system would not only accelerate official processes and improve operational efficiency but also reduce dependence on manual records, prevent human errors, and facilitate better utilization of the authority’s financial resources.
He directed the concerned officials to work on the project through close coordination and an integrated strategy so that the FDA Finance Directorate could be aligned with modern requirements and the institution’s overall performance further enhanced.
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