KARACHI: Board of Directors of SITE Ltd has approved the budget of Rs 1.282 billion of year 2014-15 with total deficit of Rs 4.6 million and total estimated income of is Rs 1.276 billion. The meeting of the Board of Directors of ITE Ltd was held under the chair of Chairman Board, Commissioner Karachi, Shoaib Ahmed Siddiqui.
Secretary Industries Abdul Kabeer Qazi, Managing Director SITE Ltd Nazar Muhammad Bozdar, Secretary SITE Ltd Imdad Ali Shah, Chief Engineer Abdul Waheed Shaikh, Director Finance Arbab Ali khan, Board Members of SITE Ltd Siraj Qasim Teli, Mazharul Haq, Arshad Tanveer and Chairman SITE Association Javed Bilwani was also present in the meeting.
Board approved the Financial Year Budget 2014 and 2015 and unanimously appreciated efforts of MD SITE Ltd Nazar Muhammad Bozdar for construction works of roads and infrastructure development in SITE Area Karachi. Board hoped that those development efforts would be continued in other estates of SITE Ltd including SITE Hyderabad and next budget of SITE Ltd would be presented on time for approval.
Board recommended different suggestions for financial improvement of SITE Ltd and appreciated the measure taken against Ghost employees.