Karachi: While chairing a meeting about the National Economic Council (NEC), Sindh Chief Minister Syed Murad Ali Shah said that the federal government had deleted 36 developmental schemes worth Rs51 billion from its 2019-20 PSDP.
According to the overall finance distribution, allocation for PSDP 2019-20 was Rs36.61 billion. Almost 75 percent of it went to Khyber Pakhtunkhwa /federally administered tribal areas (Fata), 15 percent was given to Balochistan, 4.85 percent to Sindh and Punjab was given four percent of it. According to Mr Shah, cost of the entire PSDP portfolio stood at Rs8 trillion in which Sindh-based schemes cost was Rs540 billion which brings the respective province to only seven percent of its share in the PSDP.
The 36 schemes, which the federal government had deleted include construction of a new bridge over River Indus between Sukkur-Rohri, construction of an 88 km long Mirpurkhas-Umerkot section, construction of Southern Bypass Hyderabad, rehabilitation of the existing 200km carriage way from Sehwan-Ratodero and lining of K.B. Feeder Upper Canal for Water Supply to Karachi.
According to the CM, they are now only left with 5 ongoing schemes with an estimated cost of Rs23.9 billion.
For news and updates keep on visiting Graana blog
As Milan’s real estate boom starts to stabilize, investors are increasingly looking toward Rome as…
Dubai’s skyline is set to welcome a new icon as Azizi Developments launches global sales…
The federal government is considering removing the Federal Excise Duty (FED) on the transfer of…
Under the patronage of Minister of Housing and New Urban Communities Sherif El-Sherbiny and Minister…
The Capital Development Authority (CDA) has scheduled an open auction for commercial plots at Jinnah…
The capital city of Pakistan is gearing up for a grand celebration as Interior Minister…
Welcome to Graana Blog - Pakistan’s Smartest Property Portal!
For more than a decade our intention has been to revolutionise the real estate industry in Pakistan. The same belief drove the vision of our real estate team, Graana where quality beats quantity.
We have introduced an extremely transparent and purposeful portal where we will help you buy, rent or sell your property. A place where you can sit back relax and let us market your projects and listings. We believe we have set new standards for the future of real estate in Pakistan by providing the smartest property portal.
