AGL 38.50 Decreased By ▼ -0.06 (-0.16%)
AIRLINK 212.10 Increased By ▲ 4.33 (2.08%)
BOP 9.99 Decreased By ▼ -0.07 (-0.7%)
CNERGY 6.56 Decreased By ▼ -0.52 (-7.34%)
DCL 9.68 Decreased By ▼ -0.31 (-3.1%)
DFML 40.10 Decreased By ▼ -1.04 (-2.53%)
DGKC 99.99 Decreased By ▼ -3.47 (-3.35%)
FCCL 34.85 Decreased By ▼ -1.50 (-4.13%)
FFBL 86.95 Decreased By ▼ -4.64 (-5.07%)
FFL 13.95 Decreased By ▼ -0.65 (-4.45%)
HUBC 132.50 Decreased By ▼ -6.93 (-4.97%)
HUMNL 14.00 Decreased By ▼ -0.10 (-0.71%)
KEL 5.70 Decreased By ▼ -0.27 (-4.52%)
KOSM 7.30 Decreased By ▼ -0.56 (-7.12%)
MLCF 46.14 Decreased By ▼ -1.14 (-2.41%)
NBP 66.38 Decreased By ▼ -7.38 (-10.01%)
OGDC 218.02 Decreased By ▼ -4.64 (-2.08%)
PAEL 38.56 Increased By ▲ 0.45 (1.18%)
PIBTL 8.84 Decreased By ▼ -0.43 (-4.64%)
PPL 198.85 Decreased By ▼ -7.00 (-3.4%)
PRL 39.75 Decreased By ▼ -0.10 (-0.25%)
PTC 25.75 Decreased By ▼ -0.87 (-3.27%)
SEARL 102.76 Decreased By ▼ -7.48 (-6.79%)
TELE 9.09 Decreased By ▼ -0.14 (-1.52%)
TOMCL 37.00 Decreased By ▼ -1.21 (-3.17%)
TPLP 13.97 Increased By ▲ 0.20 (1.45%)
TREET 25.30 Decreased By ▼ -1.15 (-4.35%)
TRG 58.50 Decreased By ▼ -2.04 (-3.37%)
UNITY 33.78 Decreased By ▼ -0.36 (-1.05%)
WTL 1.74 Decreased By ▼ -0.14 (-7.45%)
BR100 11,960 Decreased By -338.7 (-2.75%)
BR30 37,549 Decreased By -1328 (-3.42%)
KSE100 111,608 Decreased By -3253.1 (-2.83%)
KSE30 35,035 Decreased By -1160.9 (-3.21%)

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.