AGL 37.99 Decreased By ▼ -0.03 (-0.08%)
AIRLINK 215.53 Increased By ▲ 18.17 (9.21%)
BOP 9.80 Increased By ▲ 0.26 (2.73%)
CNERGY 6.79 Increased By ▲ 0.88 (14.89%)
DCL 9.17 Increased By ▲ 0.35 (3.97%)
DFML 38.96 Increased By ▲ 3.22 (9.01%)
DGKC 100.25 Increased By ▲ 3.39 (3.5%)
FCCL 36.70 Increased By ▲ 1.45 (4.11%)
FFBL 88.94 No Change ▼ 0.00 (0%)
FFL 14.49 Increased By ▲ 1.32 (10.02%)
HUBC 134.13 Increased By ▲ 6.58 (5.16%)
HUMNL 13.63 Increased By ▲ 0.13 (0.96%)
KEL 5.69 Increased By ▲ 0.37 (6.95%)
KOSM 7.32 Increased By ▲ 0.32 (4.57%)
MLCF 45.87 Increased By ▲ 1.17 (2.62%)
NBP 61.28 Decreased By ▼ -0.14 (-0.23%)
OGDC 232.59 Increased By ▲ 17.92 (8.35%)
PAEL 40.73 Increased By ▲ 1.94 (5%)
PIBTL 8.58 Increased By ▲ 0.33 (4%)
PPL 203.34 Increased By ▲ 10.26 (5.31%)
PRL 40.81 Increased By ▲ 2.15 (5.56%)
PTC 28.31 Increased By ▲ 2.51 (9.73%)
SEARL 108.51 Increased By ▲ 4.91 (4.74%)
TELE 8.74 Increased By ▲ 0.44 (5.3%)
TOMCL 35.83 Increased By ▲ 0.83 (2.37%)
TPLP 13.84 Increased By ▲ 0.54 (4.06%)
TREET 24.38 Increased By ▲ 2.22 (10.02%)
TRG 61.15 Increased By ▲ 5.56 (10%)
UNITY 34.84 Increased By ▲ 1.87 (5.67%)
WTL 1.72 Increased By ▲ 0.12 (7.5%)
BR100 12,244 Increased By 517.6 (4.41%)
BR30 38,419 Increased By 2042.6 (5.62%)
KSE100 113,924 Increased By 4411.3 (4.03%)
KSE30 36,044 Increased By 1530.5 (4.43%)

KARACHI: Excluding salaries, the Sindh government has seized all funds of City District Government of Karachi (CDGK) and District Governments and Taulka Municipal Administrations (TMAs), sources told Business Recorder. After promulgation of the ordinance regarding revival of local government system 1979 and abolishment of Sindh Local Government Ordinance (SLGO) 2001, CDGK and all district government and TMAs including towns of Karachi have been abolished.
On the directives of Sindh Chief Minister Qaim Ali Shah, the Finance department has issued a letter to concerned officials of National Bank of Pakistan (NBP) to seize all funds of District governments and Taulka Municipal Administrations (TMAs) including CDGK.
The letter also said that the funds allocated for salaries of employees of said institutions would not be seized and to be issued as per routine, sources said. In the budget for 2011-12, Sindh government had increased Rs 2964.355 million of 18 Towns of Karachi and 101 TMAs of province.
The Provincial government had allocated Rs 26,321.955 million in FY2011-12 while the last fiscal year's revised budget of Towns of Karachi and TMAs was Rs 23, 357.600 million, sources added. Besides, Rs 20 billion had also been allocated in Annual Development Program (ADP) 2011-12 for all districts under the District Development Program (DDP), sources said.
There are 18 towns of Karachi including Baldia, Bin Qasim, Gadap Town, Goldberg, Gulshan-e-Iqbal, Jamshed, Kemari, Korangi, Landhi, Liaqatabad, Layari, Malir, North Nazimabad, New Karachi, Orangi, Saddar, Faisal and SITE, while there are 101 Talukas in other 23 districts. It is also pertinent to point out here that with revival of old status of Hyderabad district, three more districts--Matiari, Tando Mohammad Khan and Tandoallahyar--have been abolished.
These three districts were parts of Hyderabad district which had been separated in era of Pervez Musharraf. According to Finance department officials, all seized funds would be surrendered in provincial exchequer. They said that after proper establishment of district councils (DCs) and town committees (TCs), seized funds would be re-allocated.
Before promulgation of Sindh Local Government Ordinance (SLGO) 2011, the budgets of district councils and town committees were very short, financial crisis in these institutions was routine issue. But, after the SLGO 2011, the funds were allocated to all district governments and TMAs with record increase. "So let's see what the provincial government would further decide in this regard," they added.

Copyright Business Recorder, 2011

Comments

Comments are closed.