Revenue Division proposes Rs10.5bn for ITTMS project in PSDP

ISLAMABAD: The Revenue Division has proposed Rs10.5bn project of Integrated Transit Trade Management System (ITTMS) in the Public Sector Development Programme (PSDP) for the upcoming fiscal year (2017-18).

The ITTMS would be launched under Asian Development Bank (ADB)'s Regional Improving Border Service Project, official sources said, adding that ADB would be providing aid of Rs10,000 million for the project during the upcoming year.

The total cost of ITTMS project has been estimated at Rs31,626.2 million with foreign exchange component of Rs26,049 million, while the remaining amount of Rs5576.5 million would be provided by the government.

The Revenue Division has also proposed Rs1,743 million for security improvement project in Karachi Port and Port Qasim for installation of three fixed and one mobile scanner.

The amount would include Rs1,703 million as foreign exchange component and would be completed with the assistance of Japan International Cooperation Agency (JICA).

The total cost of this project has been estimated at Rs1801.339 million including 1703 million foreign exchange component while Rs 98.339 would be provided by the government.

The Revenue Division also proposed an amount of Rs200 million for establishment of Inland Revenue offices all across the country while Rs150 million each would be utilized for construction of Model Custom Collectorate at Gwadar and construction of Regional Tax Office at Islamabad.

In addition, Rs25 million has been proposed for feasibilities of Model Customs Collectorate (MCC) Gwadar, RTO Islamabad and Sargodha and Directorate of Intelligence and Investigation (IIR Karachi).

The Revenue Division has proposed Rs59.470 million for its ongoing project of construction of Zonal Office (IR) and Transit Accommodation at Kohat, Rs49.470 million for construction of Transit Accommodation for MCC Faisalabad, Rs59.250 million for purchase of land for Regional Tax Office Peshawar and Rs59.710 million for construction of warehouse for Model Custom Collectorate (Preventive) Karachi.

The Revenue Division proposed Rs 55 for construction of warehouse for model custom collectorate at Thokar Niza Baig Lahore, Rs35 million for purchase of land for Directorate of Intelligence and Investigation (IR) at Islamabad, Rs59.5 million for purchase of land for Regional Tax Office (RTO) Lahore and Rs32.852 million for construction of additional floor on existing transit accommodation (IR) Sutluj Block, Allama Iqbal Town Lahore.

Similarly Rs50 million each have been proposed for reconstruction of Regional Tax Office Sargodha and construction of office of Intelligence and Investigation (II&R) Karachi.

The Division proposed Rs58.750 million for construction of Zonal Office (IR) at Manshera, Rs49.470 million for construction of Transit Accommodation at Manshera, Rs55.152 million for acquisition of Land for Expansion of Passenger Facilitation Center (PFC) and Rs53.103 million for construction of Additional office Block for RTO Abbottabad.

In total, Rs14.298 billion budgetary allocations have been proposed for its 41 projects under the Public Sector Development Programme (PSDP) for the upcoming financial year (2017-18).