Shah Faisal Town Saturday approved its Rs 387.024 million surplus budget for 2008-09 showing a surplus of Rs 8000. In the budget allocation of Rs 187.618 million has been made for public welfare and local development works which constitutes 48.5 percent of the total budget.
The budget shows an income of Rs 376.264 million from its own resources and as octori tax dues which is estimated at Rs 214.264 million to be transferred to the Town through Sindh and City Governments.
The Town expects to get Rs 50 million as share of property and betterment tax and conservancy share, Rs 0.3 million as registration and renewal of contractors, Rs 0.3 million from sale of tenders, Rs 0.1 million as marriage fee etc, Rs 1.5 million as water charges from contractors, Rs 0.4 million as ground charges from Bachat Bazars, Rs 0.324 million from trade license etc, Rs 50 million from KWSB and KBCA, Rs 10 million as share of rural octori, Rs 3 million as share from property sale and Rs 4 million as grant from SDSSP. The Town expenditure on salaries and current expenditure is estimated to be Rs 199.398 million, which is 51.5 percent of total budget.
In his budget speech, Town Nazim Karimuddin said that next year's budget will guarantee the Town's development and prosperity. He said that keeping slashed resources and limited sources in view, the Town administration carried out development in all the UCs on equal basis and worked day and night to serve the people during the last two and a half years.
He said the Haq Parast Councillors and Town Council members are determined to serve the people with same spirit during 2008-09 to provide them due basic facilities.
The Haq Parast leadership has written a new chapter with reference to city's development and made every efforts to make Shah Faisal a problem-free Town by providing basic facilities to people at their doorsteps.