ISLAMABAD: A total of Rs257.17 billion have been authorised by the Planning Commission for development projects in the first four months of the current fiscal year – a major improvement as compared to the Rs106 billion disbursed for the same period last year.
The authorised release of funds amounts to almost 37% of the whole year’s allocation of Rs701 billion, as per the data made available by the Commission.
The disbursements this year are within touching distance of the 40% target for the first quarter, which is a first in recent history when it comes to release of funds in the first four months under public sector development programme.
However, no funds were made available to the special development programme, for which Rs32.5billion have been allocated for the current year.
For more news and blogs, visit graana.com.
Lahore, known as Pakistan's cultural and historic heart, is home to numerous ancient sites, bustling…
Garha Mor, a notable landmark in Vehari, Punjab, Pakistan, is significant in its location, accessibility,…
Located in the center of Wah Cantt, Aslam Market is a vibrant commercial hub that…
Located in the bustling heart of Lahore, Abid Market is a landmark shopping area well…
ISLAMABAD, Nov 16 (APP): The Chairman of the Capital Development Authority (CDA), Muhammad Ali Randhawa,…
Islamabad, Pakistan— IMARAT Group, a leading real estate developer and innovator in Pakistan, announces the…