Punjab govt to sell land to bridge revenue gap

[LahoreEstate]

LAHORE: The Punjab government’s expenditure hovers around the Rs 27 billion expenditure threshold allowed by the State Bank of Pakistan (SBP) and the province plans to earn around Rs 10 billion through sale of official land to cope with the financial crisis. The Punjab Privatisation Board (PPB) chairman has asked for land worth over Rs 30 billion from the provincial Board of Revenue (BoR) to be put up for sale. The move, sources said, would help the government generate revenue for post-threshold expenditures. aaj kal report

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