AGL 5.27 Decreased By ▼ -0.13 (-2.41%)
ANL 8.75 Decreased By ▼ -0.04 (-0.46%)
AVN 76.62 Increased By ▲ 0.37 (0.49%)
BOP 5.22 Increased By ▲ 0.03 (0.58%)
CNERGY 4.44 Decreased By ▼ -0.04 (-0.89%)
EFERT 81.32 Increased By ▲ 0.22 (0.27%)
EPCL 49.39 Increased By ▲ 0.38 (0.78%)
FCCL 12.80 Increased By ▲ 0.10 (0.79%)
FFL 5.59 Decreased By ▼ -0.03 (-0.53%)
FLYNG 6.90 Decreased By ▼ -0.03 (-0.43%)
FNEL 4.67 Increased By ▲ 0.02 (0.43%)
GGGL 8.64 Increased By ▲ 0.04 (0.47%)
GGL 14.21 Increased By ▲ 0.06 (0.42%)
HUMNL 5.54 Increased By ▲ 0.05 (0.91%)
KEL 2.63 Increased By ▲ 0.04 (1.54%)
LOTCHEM 28.04 Increased By ▲ 0.33 (1.19%)
MLCF 24.05 Increased By ▲ 0.45 (1.91%)
OGDC 71.13 Decreased By ▼ -0.44 (-0.61%)
PAEL 15.34 Increased By ▲ 0.14 (0.92%)
PIBTL 4.87 Decreased By ▼ -0.04 (-0.81%)
PRL 16.08 Increased By ▲ 0.25 (1.58%)
SILK 1.13 Increased By ▲ 0.08 (7.62%)
TELE 9.07 Increased By ▲ 0.08 (0.89%)
TPL 7.09 Decreased By ▼ -0.07 (-0.98%)
TPLP 19.09 Decreased By ▼ -0.09 (-0.47%)
TREET 21.20 Increased By ▲ 0.06 (0.28%)
TRG 139.80 Increased By ▲ 3.30 (2.42%)
UNITY 16.77 Increased By ▲ 0.01 (0.06%)
WAVES 9.41 Increased By ▲ 0.26 (2.84%)
WTL 1.36 Decreased By ▼ -0.02 (-1.45%)
BR100 4,186 Increased By 30.5 (0.73%)
BR30 15,467 Increased By 131.3 (0.86%)
KSE100 41,819 Increased By 279.4 (0.67%)
KSE30 15,448 Increased By 82.9 (0.54%)
Follow us

LAHORE: A World Bank’s delegation led by Gailius Draugelis met Chairman of Planning & Development Board Abdullah Khan Sumbal on Tuesday at P&D Complex.

During the meeting, the chair reviewed in detail about the World Bank-funded projects in Punjab. The chair also discussed the role of the Punjab government in completing the projects in timeline. The project directors briefed the chair about the progress of different World Bank’s-funded projects across Punjab.

During the meeting, the chair and delegates were also briefed about quantification and validation of physical damages and indirect losses after floods across Punjab. Some 17 sectors which include agriculture and livestock, roads and infrastructure development, health and education have been massively affected. The government of Punjab is currently working on guiding principles and policies for instant relief, rehabilitation and economic recovery.

World Bank’s Operation Manager Pakistan Gailius Draugelis expressed his concern about the current monsoon flood that has caused widespread countrywide destruction including Punjab.

He further stated that the World Bank is currently taking stock of the situation and collecting information to assist the government of Punjab in immediate relief and post-disaster reconstruction efforts.

The meeting was also attended by the Secretary P&D Board, Project Directors and senior officials. Meanwhile, the Punjab Provincial Development Working Party approved seven development schemes of various sectors with an estimated cost of Rs9,631.27 million.

These schemes were approved in the 11th meeting of Provincial Development Working Party (PDWP) of current fiscal year 2022-23. The meeting was presided over by Chairman Planning & Development Board Abdullah Khan Sumbal.

The approved development schemes included promotion of gram cultivation through climate smart technologies in Thal areas of the Punjab at the cost of Rs1,255.005 million. Construction of bridge and approach road to parking at Lahore High Court, Rawalpindi Bench, at the cost of Rs889.869 million and rehabilitation of road from Sambrial Dry port Chowk to Sial Airport, in District Sialkot, at the cost of Rs732.745 million were approved in the meeting. Feasibility study, integrated development planning and revamping of Data Darbar Complex, Lahore, at the cost of Rs80.095 million and, establishment of PMU (annual expenditure) at the cost of Rs596.400 million were approved.

The technical assistance for Punjab Affordable Housing Programme at the cost of Rs3,000.000 million and rehabilitation of Wazirabad Sialkot Kashmir Road in District Sialkot at the cost of Rs3,077.156 million were also approved.

Copyright Business Recorder, 2022

Comments

Comments are closed.

World Bank’s delegation meets chief of P&D Chairman

Fiscal, monetary steps discussed

Dar meets Alvi to blunt IK’s assembly dissolution threat

Elections to take place ahead of Ramazan: Qureshi

Soybean consignments: FTO takes suo motu notice

US warns of Chinese influence in ME

Telenor may consider closing operations

Nepra not happy over ‘tactics’ aimed at blocking CTBCM

Textile value chain: APTMA demands restoration of ‘zero rating’

Business confidence negative: OICCI survey

Housing sector: SHE announces investing $50m in 3 years