AGL 42.11 Increased By ▲ 3.57 (9.26%)
AIRLINK 128.60 Decreased By ▼ -0.90 (-0.69%)
BOP 6.20 Increased By ▲ 0.59 (10.52%)
CNERGY 4.05 Increased By ▲ 0.19 (4.92%)
DCL 8.50 Decreased By ▼ -0.23 (-2.63%)
DFML 40.67 Decreased By ▼ -1.09 (-2.61%)
DGKC 87.62 Decreased By ▼ -0.68 (-0.77%)
FCCL 34.27 Decreased By ▼ -0.73 (-2.09%)
FFBL 66.35 Decreased By ▼ -1.00 (-1.48%)
FFL 10.55 Decreased By ▼ -0.06 (-0.57%)
HUBC 108.75 Decreased By ▼ -0.01 (-0.01%)
HUMNL 14.49 Decreased By ▼ -0.17 (-1.16%)
KEL 4.68 Decreased By ▼ -0.07 (-1.47%)
KOSM 7.24 Increased By ▲ 0.29 (4.17%)
MLCF 42.65 Increased By ▲ 1.00 (2.4%)
NBP 61.97 Increased By ▲ 2.37 (3.98%)
OGDC 179.75 Decreased By ▼ -3.25 (-1.78%)
PAEL 25.78 Decreased By ▼ -0.47 (-1.79%)
PIBTL 6.05 Increased By ▲ 0.08 (1.34%)
PPL 146.00 Decreased By ▼ -0.70 (-0.48%)
PRL 24.04 Increased By ▲ 0.43 (1.82%)
PTC 16.40 Decreased By ▼ -0.16 (-0.97%)
SEARL 70.39 Increased By ▲ 2.09 (3.06%)
TELE 7.25 Increased By ▲ 0.02 (0.28%)
TOMCL 36.11 Increased By ▲ 0.16 (0.45%)
TPLP 7.85 No Change ▼ 0.00 (0%)
TREET 15.56 Increased By ▲ 1.36 (9.58%)
TRG 50.61 Increased By ▲ 0.16 (0.32%)
UNITY 26.90 Increased By ▲ 0.15 (0.56%)
WTL 1.24 Increased By ▲ 0.03 (2.48%)
BR100 9,816 Increased By 10.3 (0.1%)
BR30 29,693 Increased By 15 (0.05%)
KSE100 92,314 Increased By 9.8 (0.01%)
KSE30 28,772 Decreased By -67.8 (-0.24%)

Rs 500 million CNG Bus project is likely to halt, as the Ministry of Environment is unnecessarily delaying the transfer of funds to Karachi Mass Transit Cell (KMTC), an operator of the proposed 500 buses. According to reliable sources, as the federal government has not allocated further fund for the project in the next budget, the money fixed for the project, would be freeze or go back to the federal government if the ministry delayed the payment till June 2009.
The fund for the project has been transferred into the accounts of ministry of environment recently and it was delaying its release to the KMTC, which has already completed and approved the PC-1 of the project.

Copyright Business Recorder, 2009

Comments

Comments are closed.