Pakistan Real Estate Times -  Pakistan Property News
‘Frozen funds affecting Rs 50b uplift projects’ - Printable Version

+- Pakistan Real Estate Times - Pakistan Property News (https://www.pakrealestatetimes.com)
+-- Forum: Pakistan Real Estate / Property News (/forumdisplay.php?fid=1)
+--- Forum: Latest Pakistan Property & Economic News (/forumdisplay.php?fid=4)
+--- Thread: ‘Frozen funds affecting Rs 50b uplift projects’ (/showthread.php?tid=2559)



‘Frozen funds affecting Rs 50b uplift projects’ - LRE - 01-25-2009 09:25 PM

‘Frozen funds affecting Rs 50b uplift projects’



Online

RAWALPINDI: Demanding immediate release of frozen funds, City District Nazim Raja Javed Ikhlas has said that development projects worth of Rs. 50 billion have been affected in the district owing to freezing of funds for Local Bodies System.

The City District Nazim in a statement said that the freezing of funds for the last 14 months halted the development work on on-going development projects started with the total cost of Rs. 300 million.

Rejecting corruption allegations against Nazmeen, Raja Javed Ikhlas stated that it is the responsibility of DCOs to release funds and if there was any corruption then the reasonability would lie on DCOs.

Highlighting the development projects completed during Local Bodies System, District Nazim said hundreds of villages were provided electricity with the total cost of Rs. 460 million while the facility of Sui Gas was also provided with the total cost of Rs. 220 million. Fifty schools of the district were up-graded while 2,000 teachers were also recruited, saying 1300 schemes to improve condition of schools were completed, added the District Nazim. He underlined that the budget for providing free medicines to hospitals was enhanced to Rs. 45 million from Rs. 20 million.

http://www.thepost.com.pk/NatNewsT.aspx?dtlid=201028&catid=2