AGL 40.21 Increased By ▲ 0.18 (0.45%)
AIRLINK 127.64 Decreased By ▼ -0.06 (-0.05%)
BOP 6.67 Increased By ▲ 0.06 (0.91%)
CNERGY 4.45 Decreased By ▼ -0.15 (-3.26%)
DCL 8.73 Decreased By ▼ -0.06 (-0.68%)
DFML 41.16 Decreased By ▼ -0.42 (-1.01%)
DGKC 86.11 Increased By ▲ 0.32 (0.37%)
FCCL 32.56 Increased By ▲ 0.07 (0.22%)
FFBL 64.38 Increased By ▲ 0.35 (0.55%)
FFL 11.61 Increased By ▲ 1.06 (10.05%)
HUBC 112.46 Increased By ▲ 1.69 (1.53%)
HUMNL 14.81 Decreased By ▼ -0.26 (-1.73%)
KEL 5.04 Increased By ▲ 0.16 (3.28%)
KOSM 7.36 Decreased By ▼ -0.09 (-1.21%)
MLCF 40.33 Decreased By ▼ -0.19 (-0.47%)
NBP 61.08 Increased By ▲ 0.03 (0.05%)
OGDC 194.18 Decreased By ▼ -0.69 (-0.35%)
PAEL 26.91 Decreased By ▼ -0.60 (-2.18%)
PIBTL 7.28 Decreased By ▼ -0.53 (-6.79%)
PPL 152.68 Increased By ▲ 0.15 (0.1%)
PRL 26.22 Decreased By ▼ -0.36 (-1.35%)
PTC 16.14 Decreased By ▼ -0.12 (-0.74%)
SEARL 85.70 Increased By ▲ 1.56 (1.85%)
TELE 7.67 Decreased By ▼ -0.29 (-3.64%)
TOMCL 36.47 Decreased By ▼ -0.13 (-0.36%)
TPLP 8.79 Increased By ▲ 0.13 (1.5%)
TREET 16.84 Decreased By ▼ -0.82 (-4.64%)
TRG 62.74 Increased By ▲ 4.12 (7.03%)
UNITY 28.20 Increased By ▲ 1.34 (4.99%)
WTL 1.34 Decreased By ▼ -0.04 (-2.9%)
BR100 10,086 Increased By 85.5 (0.85%)
BR30 31,170 Increased By 168.1 (0.54%)
KSE100 94,764 Increased By 571.8 (0.61%)
KSE30 29,410 Increased By 209 (0.72%)

Karachi Metropolitan Corporation (KMC) has decided to immediately close down all accounts of its different departments. Henceforth, all payments will be made only through signature of the Deputy Mayor Karachi and the KMC Municipal Commissioner. No payments will now be made with the signature of departmental heads neither any accounts will be operated by them.
These decisions weretaken at a meeting chaired by the Deputy Mayor Karachi Dr Arshad Vohra and attended by the Municipal Commissioner Dr Badar Jameel, Financial Advisor Khalid Mehmood Shaikh, D G Works and Services Niaz Soomro and other departmental heads of KMC. Deputy Mayor Arshad Vohra said, "We need to search new income resources and set up the priorities to maintain the financial discipline in the organisation. The recovery of Rs 6 to 7 billion shown in the budget had never made since last few years.
He urged departmental heads to prepare new schemes and the law department should remove the hurdles in the enhancement of revenue resources. He said to parks department to work out on new schemes that could prove source of income. Municipal Utility Services Charges base should be widened and its hundred percent recovery must be made sure.
Financial Advisor Khalid Mehmood Shaikh in his briefings said Rs 30 billion recovery has to be done in Karachi city and this could only be made possible when the departments concerned will work actively. Deputy Mayor Arshad Vohra said all accounts maintained by KMC departments should be stopped immediately and payments should only be made possible with the approval of the Deputy Mayor and Municipal Commissioner.

Copyright Business Recorder, 2016

Comments

Comments are closed.