AIRLINK 201.24 Decreased By ▼ -3.21 (-1.57%)
BOP 9.97 Decreased By ▼ -0.12 (-1.19%)
CNERGY 6.89 Decreased By ▼ -0.02 (-0.29%)
FCCL 35.36 Increased By ▲ 0.53 (1.52%)
FFL 17.15 Decreased By ▼ -0.06 (-0.35%)
FLYNG 24.21 Decreased By ▼ -0.31 (-1.26%)
HUBC 138.19 Increased By ▲ 0.79 (0.57%)
HUMNL 14.07 Increased By ▲ 0.25 (1.81%)
KEL 4.86 Decreased By ▼ -0.05 (-1.02%)
KOSM 6.66 Decreased By ▼ -0.04 (-0.6%)
MLCF 46.31 Increased By ▲ 2.00 (4.51%)
OGDC 222.54 Increased By ▲ 0.63 (0.28%)
PACE 7.06 Decreased By ▼ -0.03 (-0.42%)
PAEL 43.14 Increased By ▲ 0.17 (0.4%)
PIAHCLA 17.03 Decreased By ▼ -0.05 (-0.29%)
PIBTL 8.54 Decreased By ▼ -0.05 (-0.58%)
POWER 9.10 Increased By ▲ 0.08 (0.89%)
PPL 188.76 Decreased By ▼ -1.84 (-0.97%)
PRL 43.27 Increased By ▲ 0.23 (0.53%)
PTC 25.35 Increased By ▲ 0.31 (1.24%)
SEARL 110.42 Increased By ▲ 4.01 (3.77%)
SILK 1.03 Increased By ▲ 0.01 (0.98%)
SSGC 42.64 Decreased By ▼ -0.27 (-0.63%)
SYM 18.57 Increased By ▲ 0.26 (1.42%)
TELE 9.12 Decreased By ▼ -0.02 (-0.22%)
TPLP 13.68 Increased By ▲ 0.57 (4.35%)
TRG 68.16 Increased By ▲ 0.03 (0.04%)
WAVESAPP 10.27 Increased By ▲ 0.03 (0.29%)
WTL 1.87 No Change ▼ 0.00 (0%)
YOUW 4.01 Decreased By ▼ -0.08 (-1.96%)
BR100 12,220 Increased By 82.9 (0.68%)
BR30 37,317 Increased By 171.8 (0.46%)
KSE100 115,845 Increased By 572.7 (0.5%)
KSE30 36,476 Increased By 164.8 (0.45%)

Apparently in order to fulfill its commitment to inaugurate the Greenline Bus Project in early next month, Federal Government released the full allocated amount for the project for the current financial year recently.

According to figures of the funds released for projects under Public Sector Development Programme (PSDP) for 2019-20, federal government released Rs 2.7 billion, which was set aside for the entire financial year for the projects.

The release of the allocated funds for the entire year in six and half months of the current fiscal clearly reflects that the government wants to operationalise the project at earliest.

It is also worth-mentioning that Muttahida Qaumi Movement-Pakistan (MQM-P), an ally of Pakistan Tehreek-e-Insaf Government in center urged the government to release the funds for the development projects especially after the differences developed between the two parties and then settled these in recent days.

With throw-forward of Rs 3.437 billion at the start of the current financial year reflects that the government wants to inaugurate the project in February this year.

Sindh Governor Imran Ismail announced few weeks ago that the project would be inaugurated on February 7, 2020 to provide speedy and comfortable mass transit facility to the people of Karachi.

The total cost of the project is Rs 24.604 billion, which was launched by previous government of Pakistan Muslim League-Nawaz (PML-N) to improve the public transport infrastructure in the city.

Copyright Business Recorder, 2020

Comments

Comments are closed.