Post Reply 
 
Thread Rating:
  • 0 Vote(s) - 0 Average
  • 1
  • 2
  • 3
  • 4
  • 5
Punjab: 60pc uplift funds released in first three months of fiscal year
09-30-2009, 04:45 AM
Post: #1
Punjab: 60pc uplift funds released in first three months of fiscal year
By Jawwad Rizvi
The Punjab government has released Rs 108 billion for development projects in the first three months of this fiscal year which is over 62 per cent of total allocated amount of Rs 175 billion in Annual Development Plan (ADP).

According to an official handout released here, Provincial Minister for Finance and Planning & Development Tanvir Ashraf Kaira said the government had ensured the timely release of funds for development project and, in this connection, the finance department had been issued directions. He stated the departments concerned should ensure that released funds were utilized timely on development projects and quality of work ensured.

He said that a mechanism should be prepared to remove any hurdle in the implementation of the development projects.

He said that the responsibility to monitor the uplift projects had been shifted to the divisional commissioners and the whole system, from identification to execution of development schemes, had been decentralized so that uplift projects could be reviewed on the spot by the authorities concerned. However, sources in the Punjab Finance and P&D departments revealed that no such development had taken place. They said so far the initial documentation of the development projects was not completed. How the government could release such huge amounts of Rs 108 billion within three months out of total allocated amount Rs 175 billion for Annual Development Plan (ADP), when the PC-I and other documentations of the development projects were not completed, they asked.

May be, the minister had issued instructions for speedy development work and timely release of funds and the finance department could also release it, they said, adding the utilization of funds, not just release, was the success of the government.

The Punjab finance minister, in his handout, stated that the provincial government had decided to evolve an effective monitoring system to speed up the work on development projects so that public welfare projects could be completed in time.

The minister expressed these views while presiding over a high level meeting to review the work on development project at Planning & Development department. Planning and Development Board chairman Sami Saeed and other high ranking officers attended the meeting, the handout said.

The News tried to contact Planning and Development Board chairman for comments but he was not available.

On the other hand, Finance secretary Traiq Pasha, when contacted, said over Rs 108 billion had been released under ADP so far. He said the funds were released to the departments concerned according to the scheme put up by the respective departments. When asked about utilization of the funds, he said it did not come under his portfolio.

http://www.thenews.com.pk/daily_detail.asp?id=200786
Quote this message in a reply
Post Reply 


Possibly Related Threads...
Thread: Author Replies: Views: Last Post
  Government Initiates Activation of $1.5 Billion Uplift Fund LRE-Azan 0 618 01-09-2024 03:32 PM
Last Post: LRE-Azan
  Funds Approved for Various Development Projects, Including Link Road Interchange in K LRE-Azan 0 652 01-01-2024 02:03 PM
Last Post: LRE-Azan
  SBP & CDC Launched RAAST Payments Facility For Mutual Funds LRE-Azan 0 587 11-02-2023 06:37 PM
Last Post: LRE-Azan
  Chief Secretary Orders Swift Digitization of LDA Records within Two Months LRE-Azan 0 536 10-27-2023 01:55 PM
Last Post: LRE-Azan
  Pakistan’s economy to recover modestly to 1.9% in fiscal year 2024 LRE-Azan 0 567 09-20-2023 07:24 PM
Last Post: LRE-Azan
  RAAST Online Funds Transfer Service to be Unavailable on Sunday LRE-Azan 0 681 09-02-2023 02:48 PM
Last Post: LRE-Azan
  Prime Minister orders uplift of infrastructure at Murree Salman 0 4,892 03-01-2014 01:23 PM
Last Post: Salman
  CDA chief for speedy completion of parks’ uplift projects Salman 0 4,612 02-25-2014 01:18 PM
Last Post: Salman
  ICCI criticises CDA for not doing uplift work in markets Salman 0 4,452 02-17-2014 01:18 PM
Last Post: Salman
  PC-1 approval revives hopes for early start of uplift work Salman 0 4,750 02-11-2014 12:25 PM
Last Post: Salman
  Rs 15m approved for uplift of public parks in capital Salman 0 4,596 01-16-2014 01:52 PM
Last Post: Salman
  CM Punjab approves uplift projects worth Rs 12bn Salman 0 7,721 11-29-2013 01:15 PM
Last Post: Salman
  PWD uplift projects: National Assembly panel concerned at embezzlement Salman 0 7,616 11-28-2013 12:58 PM
Last Post: Salman
  Sector I-15: CDA shelves uplift plan Salman 0 9,330 11-09-2013 04:29 PM
Last Post: Salman
  Kashmir Highway project: Instead of receiving funds, CDA conducting inquiry Salman 0 8,386 10-31-2013 11:58 AM
Last Post: Salman
  Punjab government approves over Rs 29,753 million uplift schemes Salman 0 7,786 10-30-2013 01:30 PM
Last Post: Salman
  Modern burn centre to be functional in 2 months Salman 0 6,534 10-28-2013 03:22 PM
Last Post: Salman
  CDGL acquires 4,000 kanals for Ravi bank uplift project Salman 0 8,066 10-25-2013 12:22 AM
Last Post: Salman
  Illegitimate Allocation Of Rs 1 Billion Funds For Progression Of Kachi Abadis Salman 0 7,772 09-04-2013 08:37 PM
Last Post: Salman
  Punjab sets 1,000 megawatts power generation target in a year Salman 0 7,780 08-22-2013 12:17 PM
Last Post: Salman

Forum Jump:


User(s) browsing this thread: