Since PMDFC is a company established under the Companies Ordinance 1984, it has a General Body and Board of Directors (BOD) at the helm of its policy matters. In order to give maximum representation to the civil society, majority of the members of General Body and BOD come from the private sector. From the Punjab government side; P&D, Finance, LG&CD, Excise, Public Health & Engineering Departments have highest level representation on these bodies. In total, 30 members constitute the general body with 10 members from the government of the Punjab and 20 members coming from the civil society. BOD consists of 3 members from the Government of the Punjab, 5 members from the civil society and the Managing Director of PMDFC.
Management of PMDFC is headed by a Managing Director, and comprises Institutional Development, Engineering, Finance & Administration, Environment & Procurement, and Internal Audit departments. Since PMDFC is a body corporate so it may seek financial and technical resources from any bilateral and multilateral donor organization.