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

ICCI, PBA Korea sign MoU to expand trade, investment & business linkages

01/09/2026

Askari General Insurance, Askari Life transfer 51% stakes from Army Welfare Trust to Fauji Foundation

01/09/2026

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

ICCI, PBA Korea sign MoU to expand trade, investment & business linkages

byCT Report
01/09/2026

ISLAMABAD: The Islamabad Chamber of Commerce and Industry (ICCI) and the Pakistan Business Association Korea (PBA Korea) have signed a...

Askari General Insurance, Askari Life transfer 51% stakes from Army Welfare Trust to Fauji Foundation

byCT Report
01/09/2026

KARACHI: Askari General Insurance Co. Ltd. and Askari Life Assurance Company Limited have disclosed the transfer of their respective 51%...

FBR yet to set refund mechanism for Section 7E, Super Tax under Section 4C

byCT Report
01/09/2026

LAHORE: The Federal Board of Revenue (FBR) has yet to establish a formal mechanism for refunding taxes collected under Section...

Zong wins 5 awards at Dragons of Asia 2026, the only telecom operator to win gold for its 5G Excellence

byCT Report
01/09/2026

ISLAMABAD: Zong, Pakistan’s leading technology services enterprise, has emerged as the only telecom operator to win gold for its 5G...

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.