AIRLINK 74.00 Decreased By ▼ -0.25 (-0.34%)
BOP 5.14 Increased By ▲ 0.09 (1.78%)
CNERGY 4.55 Increased By ▲ 0.13 (2.94%)
DFML 37.15 Increased By ▲ 1.31 (3.66%)
DGKC 89.90 Increased By ▲ 1.90 (2.16%)
FCCL 22.40 Increased By ▲ 0.20 (0.9%)
FFBL 33.03 Increased By ▲ 0.31 (0.95%)
FFL 9.75 Decreased By ▼ -0.04 (-0.41%)
GGL 10.75 Decreased By ▼ -0.05 (-0.46%)
HBL 115.50 Decreased By ▼ -0.40 (-0.35%)
HUBC 137.10 Increased By ▲ 1.26 (0.93%)
HUMNL 9.95 Increased By ▲ 0.11 (1.12%)
KEL 4.60 Decreased By ▼ -0.01 (-0.22%)
KOSM 4.83 Increased By ▲ 0.17 (3.65%)
MLCF 39.75 Decreased By ▼ -0.13 (-0.33%)
OGDC 138.20 Increased By ▲ 0.30 (0.22%)
PAEL 27.00 Increased By ▲ 0.57 (2.16%)
PIAA 24.24 Decreased By ▼ -2.04 (-7.76%)
PIBTL 6.74 Decreased By ▼ -0.02 (-0.3%)
PPL 123.62 Increased By ▲ 0.72 (0.59%)
PRL 27.40 Increased By ▲ 0.71 (2.66%)
PTC 13.90 Decreased By ▼ -0.10 (-0.71%)
SEARL 61.75 Increased By ▲ 3.05 (5.2%)
SNGP 70.15 Decreased By ▼ -0.25 (-0.36%)
SSGC 10.52 Increased By ▲ 0.16 (1.54%)
TELE 8.57 Increased By ▲ 0.01 (0.12%)
TPLP 11.10 Decreased By ▼ -0.28 (-2.46%)
TRG 64.02 Decreased By ▼ -0.21 (-0.33%)
UNITY 26.76 Increased By ▲ 0.71 (2.73%)
WTL 1.38 No Change ▼ 0.00 (0%)
BR100 7,874 Increased By 36.2 (0.46%)
BR30 25,599 Increased By 139.8 (0.55%)
KSE100 75,342 Increased By 411.7 (0.55%)
KSE30 24,214 Increased By 68.6 (0.28%)

Prince Harry and his wife Meghan's new home in Windsor cost £2.4 million ($3.05 million, 2.7 million euros) of taxpayers' money to renovate, royal accounts showed Tuesday, prompting criticism from anti-monarchy campaigners.
Queen Elizabeth II's grandson and his wife moved into Frogmore Cottage on the Windsor Castle estate before the birth of their son Archie on May 6.
The residence, west of London, had been split into five separate homes but was turned back into one property in a six-month refurbishment ahead of their move-in.
"The property had not been the subject of work for some years and had already been earmarked for renovation," said Michael Stevens, who runs the monarchy's accounts.
"The building was returned to a single residence and outdated infrastructure was replaced to guarantee the long-term future of the property.
"All fixtures and fittings were paid for by their royal highnesses," added Stevens, whose title is Keeper of the Privy Purse.
The cost was revealed as the British monarchy published its accounts for the last financial year.
The monarchy is paid for using a slice of the profits from the land it owns, the rest of which go to the government.
The monarchy's official expenditure in the financial year 2018-2019 was £67 million, including souping up the 1801-built Frogmore Cottage - an increase of almost £20 million on the previous financial year.
The renovation and rise in overall spending provoked condemnation from campaigners who want to abolish the monarchy. "This year's increases are outrageous at a time of widespread spending cuts," Graham Smith, from the Republic campaign group, told The Sun newspaper. "If even one school or hospital is facing cuts, we cannot justify spending a penny on the royals."
Under a deal dating back to 1760, profits from the Crown Estate - the monarch's hereditary land and property portfolio - are surrendered to the Treasury, which in return funds the monarchy's running costs through the sovereign grant.
The grant is not income for the royals but pays for the monarch's household staff, property maintenance, official travel, housekeeping and hospitality. The grant amounts to 15 percent of the Crown Estate profits.
For 10 years starting last year, there is an additional 10 percent to cover the reservicing of Buckingham Palace, Queen Elizabeth's official residence in London.
The sovereign grant for 2018-2019 was £82.2 million - up from £76.1 million the previous year. The £82.2 million comprised of a £49.3 million core grant plus a further £32.9 million for the Buckingham Palace reservicing, replacing old wiring, water pipes and boilers, some of which has not been done since the 1950s.

Copyright Agence France-Presse, 2019

Comments

Comments are closed.