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Punjab makes record of development budget use in 10 years


Punjab makes record of development budget use in 10 years
July 13, 2021
ISLAMABAD: Prime Minister Imran Khan Monday appreciated the objectives of the Punjab Development Programme and directed continuous monitoring of these projects, saying officers of all districts and related agencies will be responsible for timely completion of projects.
The prime minister directed that not only modern scientific methods should be used for monitoring the completion of projects, but also a system of continuous monitoring through third parties should be devised to keep them informed in this regard.
He also emphasised that special attention should be paid to the district development package to ensure the provision of facilities to the people, and that playgrounds should be built for the youth in each district to provide them with opportunities for healthy activities. ....

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Punjab's disappointing economic recovery - Newspaper


Punjab’s spending on infrastructure development during the eight months between July and February has marginally dropped to Rs137.2 billion from Rs148.3bn last year.
The province is targeting a development expenditure of Rs337bn on socio-economic infrastructure during the present fiscal year. Given the public resource constraint, the government had arranged significantly large foreign funding as well as implemented a plan to leverage private investment in infrastructure projects. For example, the original estimates of the annual development programme (ADP) for the present year carry almost two-fifth of the total uplift allocations in the shape of foreign loans, including a Chinese loan of Rs40.8bn. Similarly, the provincial government is expecting a private investment of Rs25bn in different road infrastructure development schemes in the province during the current year. ....

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