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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.

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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.

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  • 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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