AIRLINK 76.15 Increased By ▲ 1.75 (2.35%)
BOP 4.86 Decreased By ▼ -0.09 (-1.82%)
CNERGY 4.31 Decreased By ▼ -0.03 (-0.69%)
DFML 46.65 Increased By ▲ 1.92 (4.29%)
DGKC 89.25 Increased By ▲ 1.98 (2.27%)
FCCL 23.48 Increased By ▲ 0.58 (2.53%)
FFBL 33.36 Increased By ▲ 1.71 (5.4%)
FFL 9.35 Decreased By ▼ -0.01 (-0.11%)
GGL 10.10 No Change ▼ 0.00 (0%)
HASCOL 6.66 Decreased By ▼ -0.11 (-1.62%)
HBL 113.77 Increased By ▲ 0.17 (0.15%)
HUBC 143.90 Increased By ▲ 3.75 (2.68%)
HUMNL 11.85 Decreased By ▼ -0.06 (-0.5%)
KEL 4.99 Increased By ▲ 0.12 (2.46%)
KOSM 4.40 No Change ▼ 0.00 (0%)
MLCF 38.50 Increased By ▲ 0.10 (0.26%)
OGDC 133.70 Increased By ▲ 0.90 (0.68%)
PAEL 25.39 Increased By ▲ 0.94 (3.84%)
PIBTL 6.75 Increased By ▲ 0.22 (3.37%)
PPL 120.01 Increased By ▲ 0.37 (0.31%)
PRL 26.16 Increased By ▲ 0.28 (1.08%)
PTC 13.89 Increased By ▲ 0.14 (1.02%)
SEARL 57.50 Increased By ▲ 0.25 (0.44%)
SNGP 66.30 Decreased By ▼ -0.10 (-0.15%)
SSGC 10.10 Decreased By ▼ -0.05 (-0.49%)
TELE 8.10 Increased By ▲ 0.15 (1.89%)
TPLP 10.61 Decreased By ▼ -0.03 (-0.28%)
TRG 62.80 Increased By ▲ 1.14 (1.85%)
UNITY 26.95 Increased By ▲ 0.32 (1.2%)
WTL 1.34 Decreased By ▼ -0.02 (-1.47%)
BR100 7,957 Increased By 122.2 (1.56%)
BR30 25,700 Increased By 369.8 (1.46%)
KSE100 75,878 Increased By 1000.4 (1.34%)
KSE30 24,343 Increased By 355.2 (1.48%)
Top News

Punjab govt reduces urban development budget by 45pc

RECORDER REPORT LAHORE: Instead of allocating more funds out of its annual development budget of Rs 250 billion for a
Published August 28, 2012

pak-rupees 400RECORDER REPORT

LAHORE: Instead of allocating more funds out of its annual development budget of Rs 250 billion for adequate urban services in the big cities Punjab government has reduced it by 45 percent.

In 2010-11 budget, Rs 9.160 billion were allocate for efficient urban facilities in cities, in 2011-12 8.5 billion and in 2012-13 FY budget Rs 5.3 billion have been earmarked, Rs 3.2 billion less than the last year.

It may be added that Urban Development Sector covers development projects sponsored by WASAs and Development Authorities (DA) of the densely populated cities of Lahore, Faisalabad, Rawalpindi, Gujranwala and Multan having a population of around 28 million.

Planning and Development department sources told Business Recorder that the government has earmarked Rs 2.176 billion for the on going scheme in the five big cities of the province and Rs 3.183 billion for the new schemes including Rs 2.2 billion for block projects.

They said of the on-going schemes, Rs 313 million have been given to WASA Lahore projects, Rs 511 million to Faisalabad Development Authority. Rs 528 million to WASA Faisalabad, Rs 135 million to WASA Rawalpindi, Rs 101 to Gujranwala Development Authority, Rs 40.291 million to Multan D.A. and Rs 121 million to WASA Multan. Only Rs 977 million have been allocated for new schemes of these five big cities.

Comments

Comments are closed.