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

KP Minerals dept fails to utilise development budget

byCT Report
08/03/2021
in Breaking News, Latest News, National
Share on FacebookShare on Twitter

PESHAWAR: The Khyber Pakhtunkhwa (KP) Minerals Department has failed to spend millions of the government allocated Rs230 million for various projects till the third quarter of the current financial year (FY21).

According to details, the government had allocated Rs230 million for five projects of the department in the Annual Development Programme (ADP). The Finance Department released Rs143.633 million for these projects till the third quarter of this year but the department only spent Rs120.650 m.

You might also like

IMF forecasts slower growth, higher inflation for Pakistan

09/05/2026

Govt raises petroleum levy; taxes hike petrol, diesel prices

09/05/2026

Finance Department documents show that the provincial government has not released any funds for the construction of Model Coal Mine in Nowshera district for which Rs32 m were allocated. Similarly, only Rs2 m has been spent out of Rs12.120 m for the development of the mines and mineral sector of the province, while Rs49.854 m has been spent out of Rs70m released for the establishment of mine monitoring units in mineral rich areas.

Further, for the establishment of a Mining Cadastre System (MCS), only Rs68.337 m has been spent out of Rs95.217 m, while out of the Rs20.663 m allocated for the geological mapping project of minerals, only Rs2.5m was spent.

According to sources, despite the large mineral reserves in Khyber Pakhtunkhwa, no projects to increase the province’s reserves by utilising minerals have been included in the budget.

Sources added that a few projects included in the development programme were delayed due to non-provision of funds by the KP Finance Department.

 

Related Stories

IMF forecasts slower growth, higher inflation for Pakistan

byCT Report
09/05/2026

ISLAMABAD: The International Monetary Fund has projected slower economic growth and higher inflation for Pakistan, highlighting the need for continued...

Govt raises petroleum levy; taxes hike petrol, diesel prices

byCT Report
09/05/2026

ISLAMABAD: The government has increased the levy on petroleum products, adding to the cost burden on consumers and making petrol...

Experts urge expansion of Third Schedule in sales tax regime

byCT Report
09/05/2026

ISLAMABAD: Tax experts, economists, and business leaders called for major reforms in Pakistan’s sales tax regime in the upcoming federal...

FPCCI felicitates nation, Pak Army on one year of Marka-e-Haq

byCT Report
09/05/2026

LAHORE: The Federation of Pakistan Chambers of Commerce and Indsutry (FPCCI) and United Business Group (UBG) Saturday felicitated the entire...

Next Post

Electrical machinery, apparatus imports reduced by 43.79pc

  • 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.