AIRLINK 204.45 Increased By ▲ 3.55 (1.77%)
BOP 10.09 Decreased By ▼ -0.06 (-0.59%)
CNERGY 6.91 Increased By ▲ 0.03 (0.44%)
FCCL 34.83 Increased By ▲ 0.74 (2.17%)
FFL 17.21 Increased By ▲ 0.23 (1.35%)
FLYNG 24.52 Increased By ▲ 0.48 (2%)
HUBC 137.40 Increased By ▲ 5.70 (4.33%)
HUMNL 13.82 Increased By ▲ 0.06 (0.44%)
KEL 4.91 Increased By ▲ 0.10 (2.08%)
KOSM 6.70 No Change ▼ 0.00 (0%)
MLCF 44.31 Increased By ▲ 0.98 (2.26%)
OGDC 221.91 Increased By ▲ 3.16 (1.44%)
PACE 7.09 Increased By ▲ 0.11 (1.58%)
PAEL 42.97 Increased By ▲ 1.43 (3.44%)
PIAHCLA 17.08 Increased By ▲ 0.01 (0.06%)
PIBTL 8.59 Decreased By ▼ -0.06 (-0.69%)
POWER 9.02 Decreased By ▼ -0.09 (-0.99%)
PPL 190.60 Increased By ▲ 3.48 (1.86%)
PRL 43.04 Increased By ▲ 0.98 (2.33%)
PTC 25.04 Increased By ▲ 0.05 (0.2%)
SEARL 106.41 Increased By ▲ 6.11 (6.09%)
SILK 1.02 Increased By ▲ 0.01 (0.99%)
SSGC 42.91 Increased By ▲ 0.58 (1.37%)
SYM 18.31 Increased By ▲ 0.33 (1.84%)
TELE 9.14 Increased By ▲ 0.03 (0.33%)
TPLP 13.11 Increased By ▲ 0.18 (1.39%)
TRG 68.13 Decreased By ▼ -0.22 (-0.32%)
WAVESAPP 10.24 Decreased By ▼ -0.05 (-0.49%)
WTL 1.87 Increased By ▲ 0.01 (0.54%)
YOUW 4.09 Decreased By ▼ -0.04 (-0.97%)
BR100 12,137 Increased By 188.4 (1.58%)
BR30 37,146 Increased By 778.3 (2.14%)
KSE100 115,272 Increased By 1435.3 (1.26%)
KSE30 36,311 Increased By 549.3 (1.54%)

ISLAMABAD: The World Bank has rated the “Pakistan Community Support Project (CASA-1000)” implementation satisfactory, which was aimed at improving access to local infrastructure and strengthening community engagement in the project areas.

Official documents revealed that the current disbursement rate is 64 percent (US 9.63 million dollars out of $15 million); of this amount, $ 5.67 million (about 59 percent of the disbursed amount) has been utilised so far.

Revision of PC-1 and Operations Manual is underway and needs to be completed immediately, given the changes in operations over the course of the past two years, and in line with the extension of the project until June 2023.

Most of the agreed actions have been completed. Activities focused mainly on completing the opening of bank accounts of remaining CDCs, SPRAC approvals for targeted 166 community sub-projects and initiation of civil works.

World Bank extends CASA-1000 closing date

At the time of the current mission, all CDCs are operational, and 149 out of 166 community infrastructure sub-projects stand approved, with the remaining 17 additional sub-projects to be approved at the end of October.

Civil works for 103 sub-projects are under implementation by the CDCs themselves and are at different stages of completion. Cheques for up to three installments have been distributed to the CDCs for civil works, while six sub-projects have been completed at the end of August.

The current disbursement rate is 64 percent ($9.63 million out of $15 million); of this amount, $ 5.67 million (about 59 percent of the disbursed amount) has been utilised so far. Revision of PC-1 and Operations Manual is underway and needs to be completed immediately, given the changes in operations over the course of the past two years, and in line with the extension of the project until June 2023. This was discussed during the mission and will be achieved by end of October 2022 based on the recommendations.

Copyright Business Recorder, 2022

Comments

Comments are closed.