AIRLINK 151.71 Decreased By ▼ -4.00 (-2.57%)
BOP 10.05 Decreased By ▼ -0.26 (-2.52%)
CNERGY 7.30 Decreased By ▼ -0.35 (-4.58%)
CPHL 85.11 Decreased By ▼ -3.06 (-3.47%)
FCCL 46.57 Decreased By ▼ -0.79 (-1.67%)
FFL 15.78 Decreased By ▼ -0.34 (-2.11%)
FLYNG 54.86 Decreased By ▼ -3.15 (-5.43%)
HUBC 136.89 Decreased By ▼ -1.63 (-1.18%)
HUMNL 11.25 Decreased By ▼ -0.29 (-2.51%)
KEL 5.34 Decreased By ▼ -0.13 (-2.38%)
KOSM 5.63 Increased By ▲ 0.17 (3.11%)
MLCF 82.84 Decreased By ▼ -0.91 (-1.09%)
OGDC 208.86 Decreased By ▼ -3.19 (-1.5%)
PACE 6.05 Increased By ▲ 0.19 (3.24%)
PAEL 41.46 Decreased By ▼ -1.76 (-4.07%)
PIAHCLA 22.38 Increased By ▲ 0.62 (2.85%)
PIBTL 8.19 Decreased By ▼ -0.23 (-2.73%)
POWER 13.80 Decreased By ▼ -0.56 (-3.9%)
PPL 167.09 Decreased By ▼ -3.90 (-2.28%)
PRL 32.17 Decreased By ▼ -1.32 (-3.94%)
PTC 24.43 Decreased By ▼ -1.07 (-4.2%)
SEARL 89.83 Decreased By ▼ -3.06 (-3.29%)
SSGC 41.52 Decreased By ▼ -0.40 (-0.95%)
SYM 14.86 Decreased By ▼ -0.14 (-0.93%)
TELE 7.69 Decreased By ▼ -0.13 (-1.66%)
TPLP 9.14 Decreased By ▼ -0.17 (-1.83%)
TRG 63.20 Decreased By ▼ -1.02 (-1.59%)
WAVESAPP 9.14 Decreased By ▼ -0.28 (-2.97%)
WTL 1.45 Increased By ▲ 0.08 (5.84%)
YOUW 4.15 Decreased By ▼ -0.04 (-0.95%)
BR100 13,037 Decreased By -207.6 (-1.57%)
BR30 37,726 Decreased By -745.3 (-1.94%)
KSE100 122,144 Decreased By -1949.6 (-1.57%)
KSE30 36,883 Decreased By -653.4 (-1.74%)

LAHORE: Punjab Finance Minister Makhdoom Hashim Jawan has said that for the first time in the history of Punjab, the government increased development funds by Rs100 billion in one year.

He expressed these views while talking to the media at the end of a seminar held here on Friday. He further said that huge spending on development projects is yielding positive results and added that reforms in the public finance management system are further improving the economic situation of the province.

“The prevailing inflation in the country is linked with the global crisis caused by the Covid-19 pandemic and not due to the government’s incompetence. The PTI government has taken unprecedented sustainable measures to tackle the inflation,” he added.

According to him, the Punjab Revenue Authority continued to show good performance this year by collecting Rs13.03 billion in March while between July 2021 and March 2022 a 16 percent increase was seen in the revenue collection. This success is undoubtedly the result of the government’s policy of partnering with the stakeholders. It is hoped that the Authority would exceed the targets set for revenue collection this year as well.

“The revenue collected is being spent on the provision of public facilities. The target of providing health facilities to the whole of Punjab through health cards has been achieved. To provide relief to the common man against price hikes, the government set up sahulat bazaars, launched the Ehsaas programme and set up 313 Ramazan bazaars where food items are available to the common man at low prices. These bazaars started a few days ago and they will be converted into Eid bazaars after 20 Ramazan. For this purpose, funds have been released to the local administrations,” he added.

He further said that Rs4.43 billion have been released to the food department to provide flour at a reasonable rate in Ramazan markets and general markets. “The supply of sugar, ghee, vegetables and poultry products at reasonable prices in Ramazan bazaars is also being ensured,” he added.

Copyright Business Recorder, 2022

Comments

Comments are closed.