KARACHI: Board of Directors of SITE Limited has approved the budget of year 2014-15 of Rs 1.282 billion, with total deficit of Rs 4.6 million and total income estimated is Rs 1.276 billion.
The meeting of the Board of Directors of SITE Ltd, was chaired by Chairman of Board, Commissioner Karachi Shoaib Ahmed Siddiqui, said a statement on Wednesday.
Secretary Industries Abdul Kabeer Qazi, Managing Director SITE limited Nazar Muhammad Bozdar, Secretary SITE limited Imdad Ali Shah, Chief Engineer Abdul Waheed Shaikh, Director Finance Arbab Ali khan, Board Members of SITE Siraj Qasim Teli, Mazhar Ul Haq, Arshad Tanveer and Chairman SITE Association Javed Bilwani also present.
The meeting approved the budget for the financial year 2014-15 and unanimously appreciated efforts of MD SITE Nazar Muhammad Bozdar for construction works of roads and infrastructure development in SITE Area Karachi.
It expressed hope that these development efforts would be continued in other estates of SITE limited including SITE Hyderabad and next budget of SITE Ltd would present on time for approval.
The board presented different suggestions for financial improvement of SITE limited and appreciated also the measure taken against ghost employees.
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