Punjab Government to Release 100% Funds for All Projects
According to news reports, the Punjab government has decided to distribute all funding for development projects during the fiscal year 2021-22.
The Chief Minister’s Office gave the Finance Department the following instructions:
- In the first week of the new fiscal year, PKR 214 billion would be made available for development.
- In the upcoming year, 90% of the 560 billion PKR budget for large development projects would be utilised.
- The release of PKR 214 billion for 2,263 active projects. The development projects in Lahore, including the Shahkam Flyover, Sheranwala Gate, and Gulab Devi Underpass, will receive full funding.
- Gangaram’s school will be upgraded entirely, and the Mother Child Hospital will be expanded.
- First-quarter funding will be delivered in full for sewage and water projects.
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