Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
No Result
View All Result
Home Breaking News

Planning and development division releases Rs27 billion funds for unapproved projects

byM. Faizan
14/01/2015
in Breaking News, Islamabad, Latest News
Share on FacebookShare on Twitter

ISLAMABAD: Convener standing committee for planning and development Senator Nisar Muhammad has asked for details of three billion funds released for research workshop and Rs 27 billion for unapproved projects. He canceled the authority of planning and development division to release funds for unapproved projects and releasing funds up to 150 to 200 million for very sensitive government projects. He showed his grieve concern over the situation and said these unapproved funds become hurdle in completion of important national projects. He was distressed to know that some Federal Ministries receive funds without even filling the Performa.

The convention was held in Parliament house where Secretary planning and development Hassan Nawaz Tarar told that funds for 1042 projects have been released and discontinued for 56 projects. He said development budget is low in comparison to the region due to tax to GDP ratio. Country lacks in nutrition facilities, health and education are also receiving fewer funds than the other countries of region.

You might also like

FBR to launch faceless tax audit system

13/06/2026

FBR bans PDF financial statements for companies

13/06/2026

He added, provinces can allocate funds up to 10 billion from their reserves, 60 million for DDWP and 13 billion for CWP. In the current year Federal Ministries have asked for additional 81 billion funds. Ministry of planning and development has issued 40 percent of funds for all the projects of PSDP.

Senator Yousuf Badini said that the cost of very important projects of Baluchistan has increased many times due to delay of several years. Senator Saeed Ghani showed his grief over the Lyary express project which is discontinued since 2000.

CDA member finance Sher Baz Arbab informed the convention that government was requested to increase tax in 2012 but government did not approved the increment due to the local body elections, now the Prime Minister has approved the increment and Federal Cabinet will also allow reviewing this increment.

Member Engineering Shahid Sohail revealed that the reason for delay in construction of family suites adjacent to Parliament lodges is that CDA had to return 700 million to government, furthermore he told that 17 projects were approved this year by PSDP out of which six have been started.

Senator Nisar Muhammad asked Secretary Ministry of Planning and Development to place development projects of FATA on first priority because it is important to give poor children of that area their rights and stop them from becoming suicide bombers instead of giving laptops to children belonging to well off families.

Tags: CDAFataPlanning and DevelopmentPSDP

Related Stories

FBR to launch faceless tax audit system

byCT Report
13/06/2026

ISLAMABAD: The Federal Board of Revenue (FBR) is set to introduce a faceless audit and assessment system across all four...

FBR bans PDF financial statements for companies

byCT Report
13/06/2026

ISLAMABAD: The Federal Board of Revenue (FBR) has proposed a major shift toward digital tax administration through the Finance Bill...

SBP unveils first-ever research agenda for 2026-2029

byCT Report
13/06/2026

KARACHI: The State Bank of Pakistan (SBP) has launched its inaugural Research Agenda for 2026-2029, outlining key research priorities aimed...

Pakistan empowers custom courts to freeze assets in illegal fund transfer trials

byCT Report
13/06/2026

ISLAMABAD: The Pakistani government has introduced a major legislative amendment through the Finance Bill, 2026, granting Special Judges the authority...

Next Post

Nintendo's Captain Toad Treasure Tracker, a brilliant, tricky puzzle design game, twists on Mario platform

  • Terms and Conditions
  • Disclaimer

© 2011 Customs Today -World's first newspaper on customs. Customs Today.

No Result
View All Result
  • Transfers and Postings
  • Latest News
  • Karachi
  • Islamabad
  • Lahore
  • National
  • Chambers & Associations
  • Business
  • About Us

© 2011 Customs Today -World's first newspaper on customs. Customs Today.